50 Rantoul St # 502, Beverly MA 01915

Beverly, MA 01915
$530,000
2
Beds
1.5
Baths
1,479
Sq Ft
$358
Price/Sq Ft
1988
Year Built
1
Parking
10
Days on Market
Sold Listed Jun 10, 2025 • MLS# 73388765 Copied! • Updated Jul 9, 2025

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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.

Nearby Sales Comparison

Based on 13 similar properties sold within 0.5 miles in the last 90 days

This Property
$358/sq ft
Area Median
$425/sq ft
Difference
15.8%

This property sold below the area median, potentially representing good value for the buyer.

About this home

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)

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Recently Sold Nearby

Property History

Market Insights

46.2%
Price Range
11
Total Days on Market
1
Previous Sales

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 MacBurnie Office: Ocean's Edge Real Estate
Previous Transaction - MLS #71805585
Full transaction history available when tracking began
🏷️
Previously Sold
May 13, 2015
$285,000
MLS #71805585

Tax History

Year Taxes Assessment
2025 $4,973 $452,500

Financial Details

Annual Property Tax
$4,973
Tax Year 2025
HOA Fee
$695
Monthly
Assessed Value
$452,500

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1988
Living Area 1,479 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 6

Interior

Heating Central, Electric
Cooling Central Air
Flooring Wood, Tile, Carpet, Flooring - Wall To Wall Carpet
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Second Floor, Electric Dryer Hookup
Features Loft

Exterior

Construction Brick
Architecture None
Roof None
Features Deck - Roof + Access Rights, Professional Landscaping
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch Deck - Roof + Access Rights
Features Assigned, Guest
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer
Annual Tax $4,973
Assessed Value $452,500

HOA & Community

HOA Fee $695 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Pool, Elevator(s), Fitness Center, Clubroom
Optional Fee Includes None
Owner-Occupied Units 132
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["Townhouse","Mid-Rise","Loft"]
Unit/Building 502
Sq Ft Source Public Record
Documents Master Deed, Rules & Regs (2)
County Essex
Total market time (incl. prior listings) 11 days

Property Overview

Property Type
Condominium
Listing Type
Sold
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

Floor Layout

Interior Features

Flooring: Wood, Tile, Carpet, Flooring - Wall to Wall Carpet
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Loft
Windows: Insulated Windows
Basement: N
Laundry: Second Floor, Electric Dryer Hookup
Security: Intercom

Construction & Materials

Year Built: 1988
Structure Type: Townhouse, Mid-Rise, Loft
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Electric
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Roof + Access Rights, Professional Landscaping
Patio & Porch: Deck - Roof + Access Rights
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Assigned, Guest
School District
Beverly School District local
B+
School Safety 2024-25
1.3% Average
1.3% Suspensions 1.3% In-School
4.2% below state avg
E

Elementary Schools

10 schools
Children's Center for Communication School
0.9 mi
Grades PK-12
The Saints Academy
1.7 mi
Grades PK-08
Shore Country Day School
1.7 mi
Grades PK-09
Harborlight-Stoneridge Montessori School
1.8 mi
Grades PK-08
Landmark School
2.0 mi
Grades PK-12
Hopeful Journeys Educational Center
2.0 mi
Grades PK-12
New England Academy School
2.6 mi
Grades 05-12
Waldorf School at Moraine Farm
2.7 mi
Grades PK-08
Glen Urquhart School
3.9 mi
Grades K-08
A-
Ayers/Ryal Side School
0.5 mi | #174 of 824 | Score: 56.2
Dropped 121 spots from last year
-2 below state avg
388 students Less Diverse
Grades K-04
M

Middle Schools

1 school
B+
Beverly Middle School
1.5 mi | #140 of 352 | Score: 45.2
Improved 24 spots from last year
-13.1 below state avg
1,388 students Moderate
Rising School
Grades 05-08
H

High Schools

2 schools
Waring School
2.6 mi
Grades 06-12
B
Beverly High School
1.4 mi | #149 of 346 | Score: 55.7
Dropped 39 spots from last year
-2.5 below state avg
1,213 students Moderate
17 sports • 1,774 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Location

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Neighborhood

50 Rantoul St # 502, Beverly MA 01915

Beverly, MA 01915

Listing Information

Listing Agent Sarah MacBurnie
Listing Office Ocean's Edge Real Estate
Office Phone 978-238-8026
Agent MLS ID C8000035
Office MLS ID AN8447
Listing Data Updated Jul 9, 2025 1:55 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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