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Beverly 01915
8 Putnam St
$395,000
● House - Off Market

8 Putnam St

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,191 Ft²
$582,349
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Commuters dream location!  North Beverly commuter rail station is around the corner. The North Beverly Elementary School is at the end of the street. This charming bungalow is move-in ready.  Two good size bedrooms and a walk up attic that has many possibilities for expansion, including converting it to a large, private master suite.  The combination living room and dining room have a beautiful fireplace.  The home has a lovely 3 season porch in the front, a large screened in porch off the kitchen and a beautiful patio in the backyard.  A perfect starter home or for anyone looking to downsize.  No showings until first Open House on Friday, November 2nd.  Offers due by Monday, November 5 at 12:00 pm.
Unit Size
1,191 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$327
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1915

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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: 5 months ago (MLSPIN #72418290)

Price History

Date / Event Date Event Price
Dec 21, 2018 Sold
Premium
Sold
Nov 1, 2018 Listed by Keller Williams Realty Evolution $389,900
Listed by Keller Williams Realty Evolution
Jul 1, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,036
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,149
  • Total Building Area: 1,036
  • Gross Building Area: 3,576
  • Building Area: 1,036
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,036
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000233
  • 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:0081 B:0053 L:
  • Block: 53
  • Municipality: BEVERLY
  • Latitude: 42.5832
  • Longitude: -70.8826

    Address

  • Full Address: 8 Putnam St
  • Address - House Number: 8
  • Address - Street Name: Putnam
  • Address - Suffix Type: St
  • State: MA
  • City Name: Beverly
  • Carrier Code: C020
  • 4-Digit Zip Code: 1239
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $619,600

    Appraisal Valuation

  • Standard Deviation: 0.175
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 601,017
  • High Value: 706,218
  • Low Value: 495,816

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,700
  • Assessed Land Value: $374,600
  • Assessed Improvements Value: $177,100

    Sales

  • Current Sale Contract Date: Dec 21, 2018
  • Current Sale Recording Date: Dec 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181221002730
  • Previous Sale Recording Date: Jul 01, 2013
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: O
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:

$749,000

Sale Price/ft²

$455

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3148 ft²

Average Home Age

84.6 years

Currently For Sale

61 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72418290

Frequently Asked Questions

When was property at 8 Putnam Street built and last sold?
The property at 8 Putnam Street was built in 1915 and last sold on Dec 21, 2018 for $395,000.
How much is this home worth?
The estimated value of the home located at 8 Putnam Street is $403,332.
What are some comparable homes to 8 Putnam Street?
There are currently no comparable homes to 8 Putnam Street.
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