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Peabody 01960 West Peabody
10 Forenza Road
$373,000
● House - Off Market

10 Forenza Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,513 Ft²
$610,598
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Bring back the sparkle and you will have made a smart investment in this perfect West Peabody neighborhood. Located on a cul-de-sac, this 3 bedroom ranch is waiting for your finishing touches. Enjoy the warmth of the fireplace in the spacious, sun-filled living room. The kitchen's original cabinetry has been replaced with timeless oak and features a center island offing plenty of storage. A family room gives a place to relax and overlooks the large back yard, and the dining room is open to the kitchen. An oversize one car attached garage gives you space for a workshop. All this on a 1/3 acre level lot. Located less than 3 minutes to Rt 1 & 128 and a short drive to shopping many restaurants, parks, recreation areas and walk/bike paths. Short walk to the McCarthy Elementary School.
Unit Size
1,513 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$251
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #72110822)

Price History

Date / Event Date Event Price
Mar 9, 2017 Sold
Premium
Sold
Jan 20, 2017 Listed by Armstrong Field Real Estate $379,900
Listed by Armstrong Field Real Estate

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 11
  • Exterior Walls Type: 19
  • 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: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,513
  • Gross Building Area: 1,513
  • Building Area: 1,513
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,513
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: 6583
  • Parcel: PEAB M:0057 B:0106
  • Block: 106
  • Municipality: PEABODY
  • Latitude: 42.5355
  • Longitude: -70.9965

    Address

  • Full Address: 10 Forenza Rd
  • Address - House Number: 10
  • Address - Street Name: Forenza
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C029
  • 4-Digit Zip Code: 3732
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $553,600

    Appraisal Valuation

  • Standard Deviation: 0.2378
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 630,905
  • High Value: 780,962
  • Low Value: 480,847

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $607,000
  • Assessed Land Value: $318,800
  • Assessed Improvements Value: $288,200

    Sales

  • Current Sale Recording Date: Mar 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72110822

Frequently Asked Questions

When was property at 10 Forenza Road built and last sold?
The property at 10 Forenza Road was built in 1960 and last sold on Jan 1, 1970 for $373,000.
How much is this home worth?
The estimated value of the home located at 10 Forenza Road is $387,533.
What are some comparable homes to 10 Forenza Road?
There are currently no comparable homes to 10 Forenza Road.
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