Last Sold Price
1 bed4,050 sqft$210/sqft
277 Rantoul StBeverly, MA01915

Description

277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all...277 Rantoul Street is a great opportunity to own a Downtown Beverly mixed-use 2-story property. The asset has a strong long-term restaurant and two (2) oversized one-bedroom units. One unit has expansion possibilities of adding another bedroom and bathroom. The property boasts a rentable square footage of 4,050± with a total gross of 6,039± SF. The property consists of two (2) one-bedroom units with open floor plans on the 2nd floor and a restaurant on the first floor. Residential tenants pay all utilities except for water/sewer and trash. The seller pays $25/month towards trash for the residential units, the restaurant covers the remainder of the trash bill. The restaurant is responsible for 50% of water/sewer charges. This property offers investors an ideal Downtown Beverly sound investment. This asset is located near the Cummings Center, Lahey Medical, and Beverly Depot with various transportation options, and is accessible to all major thoroughfares.
LISTING CLOSED: 12/10/2024 12:00 AM

  1. Listed by Sara Pouladian • North Shore Realty Advisors
  2. Listed by Dan Pouladian • North Shore Realty Advisors

Property Details for 277 Rantoul Street

Status
MLS #
73300874
Days on Market
34
Taxes
$14,464 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 3 Family
Year Built
1890
Town
Beverly
Area
MA-Beverly
Garage Spaces
0
Open Parking Spaces
.00

Location

Listing Courtesy of North Shore Realty Advisors, Sara Pouladian; North Shore Realty Advisors, Dan Pouladian

Sold By North Shore Realty Advisors, Sara Pouladian

Add your commute

Building Information for 277 Rantoul Street

Stories5Residences3Year Built1890Building Size-Lot Size0.10 AC / 4,326 SF

Payment Calculator

$5,526 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,320

Property Taxes

$1,205

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 277 Rantoul Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 4050.0
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Bulkhead, Unfinished Basement
  • Num of Baths: 4.0
  • Num of Full Baths: 2
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Tile, Carpet
  • SpaYN: No
Exterior Features
  • Roof Material: Rubber
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Two 1 Bedroom units on 2nd floor (TAW) and Restaurant on 1st floor (Lease expires 6/30/27- (has the first right of refusal). Paved driveway not sure on parking spots.
Tax Information
  • Tax ID: M:0011 B:0128 L:,4182020
  • Assessments: $817,600
  • Book: 21692
  • Tax Year: 2024
  • Zoning: CC
Building / Association Information
Living Characteristics
  • Beds Total: 1
  • Total Living Levels: 5
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $861.00
  • Annual Expenses Source: Owner
  • GOI: $82,800.00
  • Insurance: $6,000.00
  • GRE: $26,326
  • RME: $2,000
  • NOI: $56,474.00
  • Operating Expense: $26,326.00
  • WSE: $1,824.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 2
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,200.00

Property History for 277 Rantoul Street

DateEvent & SourcePriceAppreciation
Dec 10, 2024

Sold

MLS PIN #73300874

$850,000
Nov 13, 2024

Under Agreement

MLS PIN #73300874

Nov 13, 2024

Contingent

MLS PIN #73300874

DateEvent & SourcePrice
12/10/2024

Sold

MLS PIN #73300874

$850,000
11/13/2024

Under Agreement

MLS PIN #73300874

11/13/2024

Contingent

MLS PIN #73300874

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

Public Records for 277 Rantoul Street

Taxable ValueLand$360,400Additions$506,100Total$866,500
Tax Record2025$18,578 ($1,548 / month)
Home Facts
Baths3Total Finished SqFt4,050 SqFtAbove Grade Finished SqFt4,050 SqFtUnfinished Basement SqFt1,989 SqFtStories2Lot Size4,326 SqFtStyleOffice BuildingYear Built1890Year Renovated1890ZoningCCCountyESSEXAPNBEVE M:0011 B:0128 L:

Schools near 277 Rantoul Street

This home is within Beverly School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
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.

Similar Homes

Nearby off-market homes

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 North Shore Realty Advisors, Sara Pouladian; North Shore Realty Advisors, Dan Pouladian

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.