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23 Paine Avenue Beverly — Photo 1 of 39

$5,300,000

Investment Analysis — 23 Paine Avenue

Beverly, MA 01965 — Prides Crossing

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 5-bedroom in 01965 carries an estimated $3,520/mo in gross rent — about a -0.23% cap rate and $-12,102/yr in estimated NOI at the $5,300,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

SqFt

6,732

Style

Single Family

Built

1895

October Hill, the original estate on Paine Avenue in historic Prides Crossing reflects the quiet grace and coastal character that define Boston’s Gold Coast. This magnificent 2.6 acre private property features original Olmsted-designed gardens, southern exposure, and breathtaking views of Baker’s and Misery Islands and Salem Sound, plus deeded private beach access and a current mooring off the beach. Cherished and meticulously maintained by the same owners for more than 35 years, the home has benefited from several significant updates in the past 2 years including new windows, upgraded electrical systems, updated Primary suite and bath with custom walk-in closet, refinished floors, and fresh exterior and interior paint. Inside, timeless craftsmanship shines through original custom woodwork, hardwood floors, soaring ceilings, fireplaces, and an expansive eat-in kitchen. Ideal setting for both everyday living and elegant entertaining. A home gym, outdoor shower, hot tub and game room bring a touch of resort-style ease to daily life.

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 MLS and other third-party data may be inaccurate or out of date.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.

Financials

Original Price$5,300,000

Annual Taxes$34,604.22

HOA Fee$800

Parking

Garage2

Off-Street11

Interior Specifications

Total Rooms14

Fireplaces7

FlooringWood, Tile, Carpet, Flooring - Wood, Flooring - Hardwood

BasementFull, Partially Finished, Walk-Out Access, Interior Entry

Climate & Utilities

HeatingHot Water, Oil, Propane, Fireplace(s), Fireplace

CoolingNone

WaterPublic

SewerPrivate Sewer

Building & Exterior

ConstructionFrame

RoofShingle

FoundationStone

ZoningR90

Property & Lot

Acres2.59

SqFt Lot112,820

Lot FeaturesEasements, Gentle Sloping, Other

Amenities & Appliances

Water Heater • Range • Dishwasher • Refrigerator • Freezer

Neighborhood

Shopping • Park • Walk/Jog Trails • Bike Path • Conservation Area • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second

Primary BedroomBedroom 2Bedroom 3Bedroom 4Bedroom 5Bathroom 2Bathroom 3

First

Living RoomDining RoomFamily RoomBathroom 1

Main,First

Kitchen

Living Room

Lvl First

21.5 x 23.583333333

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room

Lvl First

16 x 20.583333333

Flooring - Hardwood

Kitchen

Lvl Main,First

20.25 x 16.416666666

Closet/Cabinets - Custom Built, Flooring - Hardwood, Flooring - Wood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded