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252 Essex St
Score
2
Beverly, MA

252 Essex St

600K
4 bd • 2 ba • 2,315 sf

This analysis was generated on 3/9/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$600,000

Price/Sq.Ft

$259

Year Built

1675

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Original Hardwood Floors: Restored original hardwood floors add character and value, approximately $5,000-$10,000 depending on condition and refinishing. • Exposed Beams: Exposed beams add architectural interest and historical charm, increasing appeal to certain buyers • Built-in Cabinetry: Original built-in cabinetry provides storage and adds to the historical character, valued at $2,000-$4,000. • Stone Wall: The stone wall adds curb appeal and historical character to the property • Original Wood Floors • Exposed Beams • Built-in Cabinetry • Price Position: At $259.18/sqft, this property is significantly below the median $435/sqft for 01915, potentially due to condition, historical factors, or overpricing. • Appreciation Trend: Homes in 01915 have sold for 2.9% more than they did a year ago, indicating moderate appreciation. • Rental Income: $3,540/month with 90% occupancy (0.1% cap rate) • Schools: Homes near Hannah Elementary may experience a slight value increase due to the relatively higher rating (6/10), but the impact is likely limited by the lower ratings of the middle and high schools. A precise value impact cannot be quantified without comparing to similar properties in different school zones. • Future Development: No specific planned developments are mentioned in the provided data.
Original Hardwood Floors

Original Hardwood Floors

Restored original hardwood floors add character and value, approximately $5,000-$10,000 depending on condition and refinishing.

Built-in Cabinetry

Built-in Cabinetry

Original built-in cabinetry provides storage and adds to the historical character, valued at $2,000-$4,000.

Stone Wall

Stone Wall

The stone wall adds curb appeal and historical character to the property.

The Bad

• Kitchen Renovation (HIGH priority): $30,000 • Bathroom Renovations (MEDIUM priority): $15,000 • Exterior Painting and Siding Repair (MEDIUM priority): $10,000 • Floor Refinishing (MEDIUM priority): $5,000 • Attic Insulation and Ventilation (MEDIUM priority): $8,000 • Major flood risk (5/10) requires critical insurance and potential mitigation costs (e.g., flood vents, elevation) • Older construction (1675) may require significant maintenance and upgrades to meet modern building codes • Moderate fire and air quality risks necessitate careful insurance planning and potential mitigation measures • Foundation: The foundation is not visible, but given the age of the property, it should be thoroughly inspected for cracks or settling. • Electrical and Plumbing: The electrical and plumbing systems are likely outdated and may require upgrades. • Climate Risk: The MAJOR flood risk (5/10) in FEMA Zone X_UNSHADED suggests CRITICAL insurance needs, but the unshaded designation requires further investigation to determine specific flood insurance requirements and costs. MODERATE fire risk (3/10) suggests RECOMMENDED fire insurance coverage. The MAJOR wind risk (6/10) implies CRITICAL insurance needs to cover potential wind damage.

The Ugly

No critical issues identified
Exterior Siding

Exterior Siding

Peeling paint and possible wood rot are visible on the exterior siding.

Kitchen

Kitchen

The kitchen appears outdated and requires a full renovation.

Damaged Kitchen Floors

Damaged Kitchen Floors

The floors in the kitchen are damaged and need replacement.

Outdated Bathrooms

Outdated Bathrooms

The bathrooms are outdated and require renovation.

Attic Condition

Attic Condition

The attic shows signs of wear and may require insulation upgrades.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $42,480 with 90% occupancy rate Value Investors: Projected 25.0% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $68,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$89,076

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jan 1, 1970
Lawrence Jay Ralph, Lisa Marie McfaddenLawrence Jay Ralph
Deed
Non-Arm's Length Transactions
$173,000Financed
Jan 1, 1970
Stanley BurkhardLawr Jay Ralph
Deed
Standard Sale (Purchase/Resales)

Property Taxes

$8,427
2024 Tax Assessment
8.4%from previous year
Assessed Value$750,400
Tax Rate1.12%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

High

4.0/10
Average

Financials

Monthly Costs
Market Rent (4 bed)

$2,025

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$600,000
Price/sqft
$259
Layout
4 bd2 ba
Days on market
18 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$988,167

39.3%

Your price is 39.3% below average

Median Price

$1,050,000

42.9%

Based on 6 recent sales

Price per Sq.Ft

$462

43.9%

Your price is 43.9% below average $/sqft

Comparable Properties

7 Pinewood Ave, Beverly, MA 01915
Price: $822,000
Sq.Ft: 2,080
Beds/Baths: 4/2
$/Sq.Ft:
$39552.5%
Sale Date: 1/30/2025
28 Lakeshore Ave, Beverly, MA 01915
Price: $842,000
Sq.Ft: 1,862
Beds/Baths: 4/2
$/Sq.Ft:
$45274.5%
Sale Date: 12/11/2024
3 Whitman Pl, Beverly, MA 01915
Price: $1,240,000
Sq.Ft: 2,655
Beds/Baths: 5/3
$/Sq.Ft:
$46780.2%
Sale Date: 1/8/2025
12 Baker Avenue, Beverly, MA 01915
Price: $1,250,000
Sq.Ft: 2,249
Beds/Baths: 3/3
$/Sq.Ft:
$556114.4%
Sale Date: 10/7/2024
25 Pickett Street, Beverly, MA 01915
Price: $725,000
Sq.Ft: 2,068
Beds/Baths: 3/1
$/Sq.Ft:
$35135.3%
Sale Date: 9/11/2024
1 Museum Rd, Beverly, MA 01915
Price: $1,050,000
Sq.Ft: 1,915
Beds/Baths: 3/3
$/Sq.Ft:
$548111.6%
Sale Date: 9/18/2024

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