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Peabody 01960 West Peabody
Lot 1 Lewis Drive
$289,900
● Land - Off Market

Lot 1 Lewis Drive

Middleton, MA 01960
bedrooms
Studio
bathrooms
0 Bath
$450,541
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Approved level lot in desireable five lot subdivision. In-town location convenient to shopping, restaurants, schools, golf. Underground gas, water, cable, and electric to lot. Approved septic design for 4 or 5 bedroom home. Highly rated Masconomet School system. Minimal covenants, no builder tie-in.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$269
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72173058)

Price History

Date / Event Date Event Price
Aug 4, 2017 Sold
Premium
Sold
May 31, 2017 Listed by New Year Realty $289,900
Listed by New Year Realty
Jan 1, 1987 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 392
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 17,999
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000413
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Peabody School District
  • School Tax School District: PEABODY SD
  • Census Tract: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 3002
  • Parcel: PEAB M:0022 B:0057
  • Block: 57
  • Municipality: PEABODY
  • Latitude: 42.5509
  • Longitude: -71.0269

    Address

  • Full Address: 1 Lewis Cir
  • Address - House Number: 1
  • Address - Street Name: Lewis
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Peabody
  • Carrier Code: C031
  • 4-Digit Zip Code: 3417
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $549,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 671,555
  • High Value: 785,065
  • Low Value: 558,046

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $602,400
  • Assessed Land Value: $321,600
  • Assessed Improvements Value: $280,800

    Sales

  • Current Sale Recording Date: Feb 06, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180206003220
  • Previous Sale Recording Date: Jan 01, 1987
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2537 ft²

Average Home Age

48.3 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72173058

Frequently Asked Questions

When was property at 1 Lewis Circle built and last sold?
The property at 1 Lewis Circle was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 Lewis Circle is $292,799.
What are some comparable homes to 1 Lewis Circle?
There are currently no comparable homes to 1 Lewis Circle.
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