One of the largest units in the complex, this top-floor LOFT-style Penthouse at The Gateway in vibrant Downtown Beverly offers both space and style. Professionally managed community that has seen major improvements: completely redesigned /upgraded interior common areas, Updated fire safety systems/sprinkler pumps, elevators, newly equipped fitness center, refreshed roof deck (South), in-ground pool updates. New windows in this unit for energy efficiency & light. Soaring 15ft ceilings, exposed brick, oversized windows. Two bedrooms with great closet space & 1 ½ baths. The versatile loft is a perfect office, media, or guest room. Upgraded granite kitchen with premium cabinetry & full appliance suite, updated bathrooms, in-unit laundry and assigned parking.Minutes to the commuter rail, parks, restaurants, and the waterfront! Open Houses: Friday, 6/13 4–5:30 PM Saturday, 6/14 from 10:30 AM–12 Noon Offers due: Monday, 6/16 by 2:00 PM (please allow 24 hours for response)
Sale Statistics
Sale Overview
Original List Price:$499,900
Final Sale Price:$530,000
Difference:
+$30,100 (+6.0%)
Performance Metrics
106.0%
List to Sale Ratio
Sold above asking price
10
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$338
Sale $/sq ft:$358
This property sold for $358 per square foot
Sale Summary
This property sold for 6.0% above the original asking price, indicating strong buyer demand.
With only 10 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Condominium
Property Category
Residential
Year Built
1988
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,479 sq ft
Total Rooms
6
Stories
1
Entry Level
5
Interior Features
Flooring
Wood, Tile, Carpet, Flooring - Wall to Wall Carpet
Deck - Roof + Access Rights, Professional Landscaping
Patio/Porch Features
Deck - Roof + Access Rights
Has Spa
No
Pool Features
Association, In Ground
Waterfront Features
1/2 to 1 Mile To Beach
Waterfront Property
No
Lot & Land
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Assigned, Guest
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom
Community & HOA
Community Features
Public Transportation, Shopping, Park, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
HOA Fee
$695
HOA Fee Frequency
Monthly
Association Amenities
Pool, Elevator(s), Fitness Center, Clubroom
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,973
Tax Year
2025
Tax Assessed Value
$452,500
Parcel Number
M:0004 B:0077 L:S502,4180076
Zoning
IG
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Building Name
Gateway Condominium
Common Walls
No One Above, Corner
Attached Property
Yes
Location
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Neighborhood
50 Rantoul St # 502, Beverly MA 01915
Beverly, MA 01915
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$414
Homeowners Insurance$200
HOA Fee$695
PMI$0
Property History
Market Insights
5.7%
Price Range
11
Total Days on Market
Property Timeline
✓
Sold
Jul 9, 2025
$530,000
Property sold
Days on Market: 11
🏠
Listed for Sale
Jun 10, 2025
$499,900
Original listing
Agent: Sarah MacBurnieOffice: Ocean's Edge Real Estate
