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Beverly 01915
8 Pinewood Ave
$426,000
● House - Off Market

8 Pinewood Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,248 Ft²
$572,013
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

Two to three bedroom charming cape located on a quiet side-street in Beverly. Minutes to Beverly hospital, and North Beverly train station. Hardwood flooring in the living room, family room, and office. The sunny living room features a new pellet stove and oversized bay window. Potential 3rd bedroom/office on the first floor. Lovely 3 season porch overlooking the well-maintained, fenced-in backyard. Updates include new heating system (2016), new water heater (2017), and improved energy efficiency with newly insulated attic (2017). 2 generous bedrooms on the second level, with characteristic sloping ceilings. Large partially finished basement with laundry hookup, and exterior access. This home is just waiting for your updates and personal touches to make it your own!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$320
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72594362)

Price History

Date / Event Date Event Price
Jan 16, 2020 Sold
Premium
Sold
Nov 20, 2019 Listed by Redfin Corp. $399,900
Listed by Redfin Corp.
Feb 21, 2007 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,357
  • Total Building Area: 1,248
  • Gross Building Area: 2,893
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NELWOOD ACRES
  • Land Acres: 0000000169
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Beverly School District
  • School Tax School District: BEVERLY SD
  • Census Tract: 217101

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0056 B:0010 L:
  • Block: 10
  • Municipality: BEVERLY
  • Latitude: 42.5694
  • Longitude: -70.8743

    Address

  • Full Address: 8 Pinewood Ave
  • Address - House Number: 8
  • Address - Street Name: Pinewood
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C014
  • 4-Digit Zip Code: 2712
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $618,200

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 616,931
  • High Value: 751,540
  • Low Value: 482,322

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,500
  • Assessed Land Value: $363,500
  • Assessed Improvements Value: $187,000

    Sales

  • Current Sale Contract Date: Jan 09, 2020
  • Current Sale Recording Date: Jan 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200116000980
  • Previous Sale Recording Date: Feb 21, 2007
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Beverly

Stats & Trends

Median Asking:

$749,450

Sale Price/ft²

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

3001 ft²

Average Home Age

87.3 years

Currently For Sale

52 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72594362

Frequently Asked Questions

When was property at 8 Pinewood Avenue built and last sold?
The property at 8 Pinewood Avenue was built in 1950 and last sold on Jan 9, 2020 for $426,000.
How much is this home worth?
The estimated value of the home located at 8 Pinewood Avenue is $417,030.
What are some comparable homes to 8 Pinewood Avenue?
There are currently no comparable homes to 8 Pinewood Avenue.
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