492 Cabot Street

Sold 6/2/21

Sold

Last Sold Price

$620,000

3 beds5 baths2,950 sqft$210/sqft

492 Cabot St, Beverly, MA 01915

Multi FamilyProperty Type

6,780 sq ftLot Size

1920Year Built

$210/sq ftPrice per sq ft

10 carsParking Spaces

Description

Great opportunity to own this legal 3 unit mixed use building located on a corner lot with high visibility and convenient location to highway, schools, commuter rail, parks and all that Beverly has to offer. This 3 unit building consists of 2 commercial units on the first floor and a residential unit on the second floor. The building is zoned commercial per the Beverly building code. There is 2950 sf of living space with the majority on the first floor. The two units could converted to residential...Great opportunity to own this legal 3 unit mixed use building located on a corner lot with high visibility and convenient location to highway, schools, commuter rail, parks and all that Beverly has to offer. This 3 unit building consists of 2 commercial units on the first floor and a residential unit on the second floor. The building is zoned commercial per the Beverly building code. There is 2950 sf of living space with the majority on the first floor. The two units could converted to residential units as there is a flexible floor plan with multiple exits and entrance points. Each unit has a separate heating system and separate electrical system. Each unit has an area in the basement for storage. There is approximately 9 car parking off street along with a partially fenced in area. Owner currently occupies one of the first floor units and will need to remain in the building until July 1, 2021. Owner will pay 1400 per month until vacating. 1st floor and basement can be shown any day.

Listed by: Team Cotraro - Mike & Mary • Lux Realty North Shore
Listed by: Mary Cotraro • Lux Realty North Shore
Listed by: Michael Cotraro • Lux Realty North Shore

Listing closed: 06/02/2021 12:00 AM • Source: MLS PIN, MLS#: 72783439

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Location

Listing Courtesy of Lux Realty North Shore, Team Cotraro - Mike & Mary; Lux Realty North Shore, Mary Cotraro; Lux Realty North Shore, Michael Cotraro

Sold By Lux Realty North Shore, Team Cotraro - Mike & Mary

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$4,550 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,151

Property Taxes

$1,399

HOA Dues

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Property Information for 492 Cabot Street

Property Details

Taxes: $16,785 / year
MLS Type: Multi-family / 3 Family
County: Essex County
Town: Beverly
Area: MA-Beverly
Garage Spaces: 0
Open Parking Spaces: 10.00
Parking Spaces Total: 10

Building Information

Stories: 4
Residences: 3
Year Built: 1920
Lot Size: 0.16 AC / 6,780 SF

General Details

Property Details

Building Area Units: Square Feet
Community Features: Public Transportation, Shopping, Tennis Court, Park, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School

Current Financing: Cash
Living Area: 2950.0
Color: burlap
Total Units: 3
Waterfront: No
Year Built Details: Approximate
Year Built Source: Public Records

Location/School

Grade School: Ayers
High School: Beverly

Middle School: Beverly

Features

Interior Features

Appliances: Oil Water Heater, Gas Water Heater, Utility Connections Varies per Unit
Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement

Num of Baths: 5.0
Num of Full Baths: 3
Num of Half Baths: 2
Bathrooms Total Decimal: 4.00
Bathrooms Total Integer: 5
FireplaceYN: No
Fireplaces: 0
Flooring: Wood, Tile, Carpet, Varies Per Unit, Unit 1(undefined), Unit 2(Hardwood Floors)
Interior Features: Unit 1(Storage, Bathroom with Shower Stall, Bathroom With Tub & Shower), Unit 2(Storage, Open Floor Plan), Unit 3(Storage, Unit 1 Rooms(Living RM/Dining RM Combo, Office/Den, Other (See Remarks)), Unit 2 Rooms(Living RM/Dining RM Combo, Office/Den), Unit 3 Rooms(Kitchen
Laundry Features: Laundry Room
Other Equipment: Unit 1 Intercom

Exterior Features

Construction: Frame
Exterior Features: Fenced Yard, Deck - Wood

Fencing: Fenced
Lot Description: Corner Lot, Level
Patio And Porch Features: Deck - Wood
Roof Material: Shingle, Rubber
Waterfront Features: Beach Front, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)

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

Cooling: Unit 1(Window AC), Unit 2(Window AC)
Cooling: Yes

Electric: Circuit Breakers, Individually Metered
Green Energy Efficient: Varies per Unit
Heating: Unit 1(Hot Water Baseboard, Gas, Individual), Unit 2(Hot Water Baseboard, Gas), Unit 3(Steam, Oil)
Heating: Yes
Sewer: City/Town Sewer
Utility Connections: Varies per Unit
Water: Public

Property Information

Property Info

Farm Land Area Units: Square Feet
Lot Size Units: Acres

Road Frontage Type: Public
Disclosures: Please follow CDC guidelines as they pertain to COVID - 19 protocol. Seller to remain at the property to run a business until July 1,2021. Seller will sign a lease until July 1,2021 with a monthly rent of 1400. 2nd floor tenants are at will. They have agreed to pay 1500 per month to stay.

Tax Information

Listing Terms: Contract
Tax ID: 4187067

Assessments: $675,200
Book: 27249
Tax Year: 2021
Zoning: CN

Building / Association Information

Living Characteristics

Beds Total: 3
Total Living Levels: 4

Other Building Characteristics

Foundation: Block, Stone, Irregular

Income / Expenses

GOI: $25,200.00
NOI: $25,200.00

Complex & Association Information

Association Security: Unit 1 Security System

Unit Information

Unit 1 Description

Floor U1: 1
Lease U1: N

Levels U1: 2

Unit 2 Description

Floor U2: 1
Lease U2: N

Levels U2: 1

Unit 3 Description

Floor U3: 2
Lease U3: N

Levels U3: 1

Rental Info

Total Actual Rent: $3,375.00

Market and Agent Information

Sale Info

Buyer Broker Comp: 2
Other Agent Compensation: 1

Property History for 492 Cabot Street

Date	Event & Source	Price	Appreciation
Jun 2, 2021	Sold MLS PIN #72783439	$620,000	—
Mar 9, 2021	Contingent MLS PIN #72783439		—
Feb 8, 2021	Listed (Active) MLS PIN #72783439	$658,500	—
Jun 5, 1997	Sold (Public Record) Public Record #89203551	$193,500	—
Jun 5, 1997	Sold MLS PIN #30124765	$193,500	—
May 23, 1997	Under Agreement MLS PIN #30124765		—
May 23, 1997	Contingent MLS PIN #30124765		—
Aug 30, 1996	Listed (Active) MLS PIN #30124765	$215,000	—

Date	Event & Source	Price
06/02/2021	Sold MLS PIN #72783439	$620,000
03/09/2021	Contingent MLS PIN #72783439	—
02/08/2021	Listed (Active) MLS PIN #72783439	$658,500
06/05/1997	Sold (Public Record) Public Record #89203551	$193,500
06/05/1997	Sold MLS PIN #30124765	$193,500
05/23/1997	Under Agreement MLS PIN #30124765	—
05/23/1997	Contingent MLS PIN #30124765	—
08/30/1996	Listed (Active) MLS PIN #30124765	$215,000

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

Public Records for 492 Cabot Street

Taxable ValueLand$326,900Additions$799,200Total$1,126,100

Tax Record2024$12,646 ($1,054 / month)

Home Facts

Baths2.5Total Finished SqFt4,520 SqFtAbove Grade Finished SqFt4,520 SqFtUnfinished Basement SqFt1,674 SqFtStories3Lot Size6,782 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningCNCountyESSEXAPNBEVE M:0042 B:0005 L:

Schools near 492 Cabot Street

This home is within Beverly School District.


Rating	School	Type	Grades	Distance
8/10	Centerville Elementary	Public - Nearby school	K to 4	2.4 mi
6/10	Briscoe Middle School	Public - Nearby school	5 to 8	0.5 mi
6/10	Beverly High School	Public - Serves this home	9 to 12	0.2 mi
6/10	Cove Elementary School	Public - Nearby school	K to 4	1.5 mi
9/10	North Beverly Elementary School	Public - Nearby school	K to 4	1.1 mi
7/10	Ayers/Ryal Side School	Public - Nearby school	K to 4	1.0 mi
NR	Hopeful Journeys Educational Center	Private - Nearby school	1 to 12	0.3 mi
NR	The Children's Center For Communication	Private - Nearby school	PK to 8	0.7 mi
NR	Beverly School For The Deaf	Private - Nearby school	PK to 12	0.7 mi


Rating	School	Distance
8/10	Centerville Elementary PublicK to 4 Nearby school	2.4 mi
6/10	Briscoe Middle School Public5 to 8 Nearby school	0.5 mi
6/10	Beverly High School Public9 to 12 Serves this home	0.2 mi
6/10	Cove Elementary School PublicK to 4 Nearby school	1.5 mi
9/10	North Beverly Elementary School PublicK to 4 Nearby school	1.1 mi
7/10	Ayers/Ryal Side School PublicK to 4 Nearby school	1.0 mi
NR	Hopeful Journeys Educational Center Private1 to 12 Nearby school	0.3 mi
NR	The Children's Center For Communication PrivatePK to 8 Nearby school	0.7 mi
NR	Beverly School For The Deaf PrivatePK to 12 Nearby school	0.7 mi

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

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 492 Cabot Street, Beverly, MA 01915	$620,000	3	5	2,950	6,780
492 Cabot Street, Unit 2, Beverly, MA 01915	$460,000	2	1	974	–
492 Cabot Street, Unit 3, Beverly, MA 01915	$484,000	2	2	1,382	–
492 Cabot Street, Unit 1B, Beverly, MA 01915	$452,500	2	1	945	–
496 Cabot Street, Beverly, MA 01915	$1,050,000	6	4	3,194	14,350
4 Blaine Avenue, Beverly, MA 01915	$1	–	3	2,406	4,850
5 Blaine Avenue, Beverly, MA 01915	$605,000	3	2	1,706	7,600
6 Blaine Avenue, Beverly, MA 01915	–	–	2	2,312	4,700
491 Cabot Street, Beverly, MA 01915	–	–	0.5	338	–
9 Blaine Avenue, Beverly, MA 01915	$138,000	–	2	2,294	4,848
2 Windsor Road, Beverly, MA 01915	–	3	1.5	1,910	13,904
8 Blaine Avenue, Beverly, MA 01915	$953,000	12	4	3,608	4,600
479 Cabot Street, Beverly, MA 01915	$400,000	–	2	1,380	–
13 Blaine Avenue, Beverly, MA 01915	$51,250	–	2	1,984	4,652
10-12 Blaine Avenue, Beverly, MA 01915	$742,500	18	6	6,984	8,950
10 Blaine Avenue, Beverly, MA 01915	$327,000	–	2	2,320	4,500

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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 Lux Realty North Shore, Team Cotraro - Mike & Mary; Lux Realty North Shore, Mary Cotraro; Lux Realty North Shore, Michael Cotraro

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.

Beverly, MA

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