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Peabody 01960 South Peabody
1 Wheeler St
$358,500
● House - Off Market

1 Wheeler St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,342 Ft²
$507,201
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

Don't miss the opportunity to own this colonial style home on a dead end street in Peabody!  This 3 bedroom home is waiting for your finishing touches.  The first floor has a sunny living room, a large eat in kitchen, dining room and study.  There is even a side entry that leads to a mudroom space (a perfect space for the washer and dryer!)  Upstairs you will find 3 spacious bedrooms and a full bath.  Buyers will appreciate the hardwood flooring throughout the house.  Updates include newer roof (2 yrs old), first floor replacement windows and low maintenance vinyl siding.  There is a large level yard, and off street parking for 3 cars.  Don't miss out!  Open houses Saturday 12/8 and Sunday 12/9.
Unit Size
1,342 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$261
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1907

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 6 months ago (MLSPIN #72430393)

Price History

Date / Event Date Event Price
Mar 1, 2019 Sold
Premium
Sold
Dec 6, 2018 Listed by William Raveis R.E. & Home Services $349,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1907
  • Effective Year Built: 1907
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,342
  • Gross Building Area: 1,342
  • Building Area: 1,342
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,342
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 210600

Zoning

  • Zoning: R2

Geography

  • Account Number: 10889
  • Parcel: PEAB M:0094 B:0144
  • Block: 144
  • Municipality: PEABODY
  • Latitude: 42.5201
  • Longitude: -70.9379

    Address

  • Full Address: 1 Wheeler St
  • Address - House Number: 1
  • Address - Street Name: Wheeler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C017
  • 4-Digit Zip Code: 5834
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $390,100

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 528,238
  • High Value: 619,397
  • Low Value: 437,079

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $427,700
  • Assessed Land Value: $208,300
  • Assessed Improvements Value: $219,400

    Sales

  • Current Sale Contract Date: Feb 28, 2019
  • Current Sale Recording Date: Mar 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190301000410
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 South Peabody

Stats & Trends

Median Asking:

$662,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1588 ft²

Average Home Age

94.9 years

Currently For Sale

14 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: 6 months ago
Data Source: MLS PIN, MLS# 72430393

Frequently Asked Questions

When was property at 1 Wheeler Street built and last sold?
The property at 1 Wheeler Street was built in 1907 and last sold on Feb 28, 2019 for $358,500.
How much is this home worth?
The estimated value of the home located at 1 Wheeler Street is $366,959.
What are some comparable homes to 1 Wheeler Street?
There are currently no comparable homes to 1 Wheeler Street.
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