71 Beverly Park

• Extensive Grounds with Golf Course and Pool: The inclusion of a private golf course and large pool significantly increases the property's value and appeal • High-End Kitchen with Dual Islands: The kitchen features dual islands, high-end appliances, and custom cabinetry, adding substantial value • Grand Foyer with Dual Staircases: The grand foyer with dual staircases and intricate ironwork creates a luxurious first impression, enhancing the property's value • Extensive Use of High-Quality Materials: The property features hardwood flooring, custom millwork, and high-end lighting fixtures throughout, contributing to its overall value • Private Golf Course • Large Swimming Pool • Grand Foyer with Dual Staircases • High-End Kitchen with Dual Islands • Extensive Use of High-Quality Materials • Price Position: At $2229.51 per square foot, this property's pricing is premium. A detailed comparison to recent sales of comparable estates in Beverly Park is needed to determine if it is justified. • Appreciation Trend: The property's sales history shows significant price fluctuations, making it difficult to assess a consistent appreciation rate. The 2009 sale at $8.2 million and the 2023 sale at $55 million represent substantial changes in value. • Potential Equity: Property could be worth up to $3,500,000 more than the asking price • Rental Income: $19,000/month with 90% occupancy (2.5% cap rate) • Schools: The presence of Warner Avenue Elementary School (10/10 rating) adds an estimated 5-8% premium to property values compared to areas with lower-rated schools. The lower ratings of the middle and high schools may slightly offset this premium. • Safety: Compared to state and national averages, this location experiences significantly higher rates of violent and property crime. Violent crime is 92.9% higher than the state average and 77.0% higher than the national average. Property crime is 172.1% higher than the state average and 226.4% higher than the national average. • Future Development: No specific planned developments are mentioned for the immediate vicinity of 71 Beverly Park. North Beverly Park is a well-established, exclusive gated community, limiting the likelihood of major new developments within the community itself. • The property appears to have excellent natural light throughout, with large windows and French doors providing ample sunlight. The open floor plan and light-colored walls further enhance the brightness of the interior spaces.