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Beverly 01915
8 Salters Ave
$608,000
● House - Off Market

8 Salters Ave

Beverly, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,096 Ft²
$545,033
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Live like you are on vacation year round! This adorable 2 bedroom, 1.5 bath home is tucked away in a desirable Ryal Side neighborhood with wonderful views of Bass River. The first floor offers an open concept kitchen/living/dining room, updated kitchen, half bath, laundry room and screened in porch. Upstairs you will find two bedrooms and a spacious full bathroom. Incredible primary bedroom featuring cathedral ceilings and deck with water views! Gleaming hardwood floors throughout and so much charm. The fenced-in level yard is a gardener's oasis with beautiful landscaping and mature plantings. This is a home you will not want to miss!
Unit Size
1,096 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$501
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1900

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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 #73129999)

Price History

Date / Event Date Event Price
Aug 4, 2023 Sold
Premium
Sold
Jul 5, 2023 In contract -
In contract
Jun 27, 2023 Listed by J. Barrett & Company $549,000
Listed by J. Barrett & Company
Nov 1, 2019 Sold
Premium
Sold
Sep 18, 2019 Listed by J. Barrett & Company $399,900
Listed by J. Barrett & Company
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 260
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,436
  • Total Building Area: 1,096
  • Gross Building Area: 1,556
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,096
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRESCENT & SALEM AVE
  • Land Acres: 0000000125
  • 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: 217202

Zoning

  • Zoning: R10

Geography

  • Account Number: R10
  • Parcel: BEVE M:0003 B:0095 L:
  • Block: 95
  • Municipality: BEVERLY
  • Latitude: 42.5443
  • Longitude: -70.8942

    Address

  • Full Address: 8 Salters Ave
  • Address - House Number: 8
  • Address - Street Name: Salters
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Beverly
  • Carrier Code: C024
  • 4-Digit Zip Code: 4155
  • Zip Code: 01915

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $605,300

    Appraisal Valuation

  • Standard Deviation: 0.1806
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 628,220
  • High Value: 741,697
  • Low Value: 514,744

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,000
  • Assessed Land Value: $342,700
  • Assessed Improvements Value: $196,300

    Sales

  • Current Sale Contract Date: Aug 03, 2023
  • Current Sale Recording Date: Aug 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230804002130
  • Previous Sale Recording Date: Nov 01, 2019
  • Previous Sale Contract Date: Oct 31, 2019
  • Previous Sale Amount: $430,000
  • 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

$452

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2973 ft²

Average Home Age

88.4 years

Currently For Sale

53 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73129999

Frequently Asked Questions

When was property at 8 Salters Avenue built and last sold?
The property at 8 Salters Avenue was built in 1900 and last sold on Aug 3, 2023 for $608,000.
How much is this home worth?
The estimated value of the home located at 8 Salters Avenue is $552,067.
What are some comparable homes to 8 Salters Avenue?
There are currently no comparable homes to 8 Salters Avenue.
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