208 Rantoul Street

Sold 2/1/16
Sold 2/1/16
Gallery Image 1
Sold
Last Sold Price
$700,000
8 beds7,120 sqft

208 Rantoul St, Beverly, MA 01915

Multi FamilyProperty Type
0.16 acresLot Size
1870Year Built
$98/sq ftPrice per sq ft
6 carsParking Spaces

Description

Great opportunity for investors! Mixed use building! Downtown Beverly is open for business and is offering TIF (Urban Center Tax Increment Financing) for Rantoul Street. This property is walking distance to the new MBTA Parking Garage. This mixed use 4 Unit property consists of an approximately 3,000 sqft restaurant and bar on the first floor with 3 residential apartments above. The first floor commercial space is under lease until March 2020 with present rent at $3,256 per month rising over over...Great opportunity for investors! Mixed use building! Downtown Beverly is open for business and is offering TIF (Urban Center Tax Increment Financing) for Rantoul Street. This property is walking distance to the new MBTA Parking Garage. This mixed use 4 Unit property consists of an approximately 3,000 sqft restaurant and bar on the first floor with 3 residential apartments above. The first floor commercial space is under lease until March 2020 with present rent at $3,256 per month rising over over the lease to $3,500 per month. The three apartments will need renovation and consist of two - 2 bedroom units and one - 4 bedroom unit. The top floor is rented for $1,000 per month and is a TAW. The utilities are oil and gas with some utilities being shared between the owner and the tenant.
  • Listed by: Michael Cimmino • Return Realty Group, Inc.
Listing closed: 02/01/2016 12:00 AM • Source: MLS PIN, MLS#: 71922724
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Recent comparable sales

Median sold price

$1,050,000

Avg days on market

38

Sale-to-list ratio

95.1%

Beverly, MA

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Location

Listing Courtesy of Return Realty Group, Inc., Michael Cimmino

Sold By Century 21 North East Homes, Joseph Ventimiglia

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$4,551 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,737

Property Taxes

$814

HOA Dues

$0

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Property Information for 208 Rantoul Street

Property Details

  • Taxes: $9,771 / year
  • MLS Type: Multi-family / 4 Family
  • County: Essex County
  • Town: Beverly
  • Area: MA-Beverly
  • Garage Spaces: 0
  • Open Parking Spaces: 6.00
  • Parking Spaces Total: 6

Building Information

  • Stories: 6
  • Residences: 4
  • Year Built: 1870
  • Lot Size: 0.16 AC / 6,984 SF

General Details

Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 7120.0
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records

Features

Interior Features
  • Appliances: Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks))
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • FireplaceYN: No
  • Fireplaces: 0
  • Interior Features: Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(Other (See Remarks)), Unit 1 Rooms(Living Room, Dining Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room
Exterior Features
  • Construction: Frame
  • Lot Description: Other
  • Roof Material: Shingle, Other
  • Waterfront Features: Beach Front, 1/2 to 1 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Cooling: Unit 1(Other (See Remarks)), Unit 2(Other (See Remarks)), Unit 3(None)
  • Cooling: No
  • Heating: Unit 1(Oil, Gas), Unit 2(Oil, Unit 3(Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public

Property Information

Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Disclosures on file. Procuring cause guidelines adhered to for compensation.Buyer agent to verify all necessary information for there client.
Tax Information
  • Tax ID: 4181822
  • Assessments: $692,500
  • Book: 0
  • Tax Year: 2015
  • Zoning: mixed

Building / Association Information

Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $51,600.00
  • NOI: $51,600.00

Unit Information

Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Levels U3: 1

Rental Info

Rental Info
  • Total Actual Rent: $4,300.00

Market and Agent Information

Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 1.0

Property History for 208 Rantoul Street

DateEvent & SourcePriceAppreciation
Feb 2, 2016

Sold (Public Record)

Public Record #565588280

$700,000—
Feb 1, 2016

Sold

MLS PIN #71922724

$700,000—
Dec 12, 2015

Under Agreement

MLS PIN #71922724

—
DateEvent & SourcePrice
02/02/2016

Sold (Public Record)

Public Record #565588280

$700,000
02/01/2016

Sold

MLS PIN #71922724

$700,000
12/12/2015

Under Agreement

MLS PIN #71922724

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 208 Rantoul Street

Taxable Value

Land

$389,100

Additions

$803,100
Total$1,192,200

Tax Record

2025

$13,102 ($1,092 / month)

Home Facts

Baths

4.5

Total Finished SqFt

7,040 SqFt

Above Grade Finished SqFt

7,040 SqFt

Unfinished Basement SqFt

1,760 SqFt

Stories

3

Lot Size

6,983 SqFt

Style

Office Building

Year Built

1870

Year Renovated

1870

Zoning

CC

County

ESSEX

APN

BEVE M:0010 B:0233 L:

Schools near 208 Rantoul Street

This home is within Beverly School District.
Rating
School
Type
Grades
Distance
Centerville Elementary
Public - K to 4
Briscoe Middle School
Public - 5 to 8
Beverly High School
Public - 9 to 12
North Beverly Elementary School
Public - K to 4
Rating
School
Distance
Centerville Elementary
PublicK to 4

Briscoe Middle School
Public5 to 8

Beverly High School
Public9 to 12

North Beverly Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 208 Rantoul Street, Beverly, MA 01915
$700,000
8
7,120
6,984
-204 N Rantoul Street, Beverly, MA 01915
$45,000
1
650
–
-204 S Rantoul Street, Beverly, MA 01915
$77,500
2
–
–
202 Rantoul Street, Beverly, MA 01915
$1,850,000
17
14,220
–
214 Rantoul Street, Beverly, MA 01915
–
–
1.5
1,503
–
39 Park Street, Beverly, MA 01915
–
–
–
–
–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Return Realty Group, Inc., Michael Cimmino

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.