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2 Days on market
31 Chipman Road Beverly — Photo 1 of 29

31 Chipman Road Beverly — Photo 1 of 29

$774,900

Investment Analysis — 31 Chipman Road

Beverly, MA 01915

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 3.31% cap rate and $25,649/yr in estimated NOI at the $774,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2

SqFt

1,608

Style

Single Family

Built

1950

Open House Saturday and Sunday, 9/12 and 9/13, from 1 PM to 3 PM. A home filled with memories, waiting to welcome its next family. After over 60 years in the same family, this charming Cape-style home is ready for a new chapter. With four bedrooms, two full baths, and inviting spaces throughout, there is plenty of room to grow, gather and make memories of your own. The first floor features a spacious eat-in kitchen with a sunny three-season room just off the kitchen. The fireplace living room offers a cozy place to unwind, while two first floor bedrooms provide wonderful flexibility and could be perfect for a primary bedroom, guest room or home office. Mostly hardwood flooring adds warmth and classic character. Upstairs are two additional bedrooms and a full bath, providing comfortable space for family or guests. The finished playroom in the basement offers even more room for children to play, hobbies, or family activities and includes central air and heat. The home also features air conditioning for year-round comfort. Step outside to a totally fenced-in backyard, perfect for children, pets, outdoor gatherings, or simply enjoying time together. With great curb appeal and a welcoming feel, this special home has been lovingly enjoyed by one family for over 6 decades. Now it's time for you to make it your family home and begin creating memories that will last for years to come. This home offers the perfect combination of neighborhood charm and everyday convenience, just minutes from shops, restaurants, the commuter rail and Route 128. A wonderful opportunity in a great Beverly location. Updates: furnace 2016, water heater 2021, roof 2010, house painted 2025, recreation room rug 2023, washer/dryer and refrigerator 2025, oil tank 2001, central air 2007, fence 2003. Offers due Tuesday at 12 Noon.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 804 sq ft (the lesser of 900 sq ft or half the 1,608 sq ft principal dwelling). Lot size: 10,071 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$774,900
Annual Taxes$6,727

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms7
Fireplaces1
FlooringVinyl, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Hardwood
BasementFull, Partially Finished, Interior Entry, Bulkhead

Climate & Utilities

HeatingForced Air, Oil
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationBlock
ZoningR10

Property & Lot

Acres0.23
SqFt Lot10,071
Lot FeaturesLevel

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Disposal • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Golf • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

Second
Bedroom 3Bedroom 4Bathroom 2
First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bathroom 1
Living Room
Lvl First

19.75 x 11.5

Flooring - Hardwood, Window(s) - Picture

Dining Room
Lvl First

8.333333333 x 10.916666666

Flooring - Vinyl

Kitchen
Lvl First

14.333333333 x 10.916666666

Flooring - Vinyl, Dining Area, Pantry, Exterior Access

Primary Bedroom
Lvl First

10.75 x 11.5

Closet, Flooring - Hardwood

Bedroom 2
Lvl First

10.333333333 x 8.916666666

Bedroom 3
Lvl Second

10.75 x 20.416666666

Flooring - Wall to Wall Carpet

Bedroom 4
Lvl Second

12.25 x 20.416666666

Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - With Shower Stall

Listing Provided By

Listing Agent: Carol Beatrice

Listing Office: Real Broker MA, LLC

MLS® Number: 73575909