ATTN: DEVELOPERS/BUILDERS/INVESTORS - Here is your next truly "SHOVEL-READY" project W/ DEMO PERMIT IN HAND, & FULL BUILDING PERMIT SET COMPLETED! Located in a designated Opportunity Zone (OZ), this RHD-zoned downtown Beverly lot has an existing small Single Family home that is to be removed by Buyer to allow for the development of 5 Townhomes. Buyer can close with an actual BUILDING PERMIT IN HAND! Amazing downtown Beverly location: Literal steps to dining, shopping, festivals, 3 mins to beach.
Downtown, located between Beverly Harbor and Beverly Farms, is a historic and walkable Beverly neighborhood with a commuter-rail spine and a waterfront edge. Cabot Street and Rantoul Street concentrate the neighborhood’s character, where independent cafes, galleries, and small storefronts line the blocks near the theater marquee. The Cabot anchors the cultural calendar with live music and film in a restored venue. Montserrat College of Art’s galleries add a studio-minded pulse to the streetscape. Brick commercial buildings and compact side streets frame a day-to-night rhythm around restaurants and bakeries. Pocket parks and the harborfront set a salt-air backdrop for errands and evening strolls.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Ocean waterfront
Public beach ownership
½ to 1 mile to the beach
Public road frontage
Home design
Residential property
Utilities
Gas at street
Public sewer, with on-site and at-street availability
Public water, with on-site and at-street availability
Electricity on-site and at street
HOA & community
Community amenities include public transportation, shopping, tennis courts, a park, walk/jog trails, golf, a medical facility, a laundromat, a bike path, a conservation area, highway access, houses of worship, a marina, private and public schools, a T-station, and a university
Electricity and solar
View estimated energy costs and solar savings for this home
Downsizing, or looking for an investment opportunity with a solid return? This home offers a rare opportunity to build a dream in one of the Northshore's most vibrant communities. Located in the heart of Beverly, 46 Federal St. offers a private yard just a short walk to great restaurants, theaters and shops. In a city where parking is at a premium, here we find a garage and additional off-street spots. The level lot is a blank slate with limitless opportunities. While there is significant work required to return this home to its glory, it is well worth it.
Year
Property tax
Land + Additions
Assessment*
2023
$4,977 (+6.1%)
$266,900 + $175,100
$442,000
2022
$4,693 (+1.1%)
$210,500 + $175,100
$385,600
2021
$4,642 (+2.2%)
$201,100 + $164,400
$365,500
2020
$4,544 (+4.9%)
$189,800 + $164,400
$354,200
2019
$4,333 (+3.1%)
$169,100 + $158,900
$328,000
2018
$4,202 (+10.7%)
$165,400 + $143,600
$309,000
2017
$3,796 (−0.8%)
$122,200 + $143,600
$265,800
2016
$3,825 (+2.0%)
$122,200 + $143,600
$265,800
2015
$3,750 (+10.8%)
$122,200 + $143,600
$265,800
2014
$3,383 (+3.8%)
$94,000 + $144,900
$238,900
2013
$3,259 (+1.2%)
$94,000 + $144,900
$238,900
2012
$3,220 (+4.5%)
$103,400 + $144,900
$248,300
2011
$3,081 (−0.8%)
$103,400 + $144,900
$248,300
2010
$3,106 (−1.2%)
$122,200 + $144,900
$267,100
2009
$3,145
$144,700 + $144,900
$289,600
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
2
Lot width
—
Lot depth
—
Lot size
7,841 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,196
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,196
Year built
1906
Style
Single Family Residential
County
Essex County
APN
4182053
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 19, 2023.
RHD
Multi-Family Residential High-Density District
The RHD Multifamily District is established to provide principally for multifamily residences at high density. Related recreational, agricultural, and educational facilities, as well as elderly housing, rooming and boarding houses, and health clubs, are allowed under special conditions.
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Housing-Senior
Museum / gallery
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 95° expected this year, 15 days in 30 years
6/10 Wind Factor
72% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Beverly, MA • 01915
Average low and high temperatures (°F)
33
21
36
21
49
33
56
41
66
51
77
61
81
66
77
60
73
56
63
46
53
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Beverly. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.5 hrs
4.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 46 Federal St
$1,190,844
$59K under list price of $1.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $648K to $825K.