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Peabody 01960 South Peabody
10 Rainbow Road
$277,900
● House - Off Market

10 Rainbow Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$566,220
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

Don't be deceived from the outside of this home.  Unique large 3 bedroom Cape with Possibilities galore! Large eat in kitchen with built-in hutch.  Fireplaced living room.  Updated deck, roof and siding. Family room leads to the deck, overlooking the spacious manicured yard with shed. Central Air. Great location!
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$216
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1950

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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 #71388373)

Price History

Date / Event Date Event Price
Jul 2, 2012 Sold
Premium
Sold
May 29, 2012 Listed by RE/MAX Encore $279,900
Listed by RE/MAX Encore
Jul 30, 1991 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,826
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALTER L SOUTHWICK & JOHN L SO
  • Land Acres: 0000000157
  • 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: R1A

Geography

  • Account Number: 14207
  • Parcel: PEAB M:0109 B:0218
  • Block: 218
  • Municipality: PEABODY
  • Latitude: 42.5119
  • Longitude: -70.9446

    Address

  • Full Address: 10 Rainbow Rd
  • Address - House Number: 10
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5722
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $473,200

    Appraisal Valuation

  • Standard Deviation: 0.1649
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 635,776
  • High Value: 740,693
  • Low Value: 530,860

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $518,900
  • Assessed Land Value: $233,900
  • Assessed Improvements Value: $285,000

    Sales

  • Current Sale Recording Date: Jul 02, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 30, 1991
  • Previous Sale Amount: $147,000
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$405

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2161 ft²

Average Home Age

75.1 years

Currently For Sale

16 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# 71388373

Frequently Asked Questions

When was property at 10 Rainbow Road built and last sold?
The property at 10 Rainbow Road was built in 1950 and last sold on Jan 1, 1970 for $277,900.
How much is this home worth?
The estimated value of the home located at 10 Rainbow Road is $293,887.
What are some comparable homes to 10 Rainbow Road?
There are currently no comparable homes to 10 Rainbow Road.
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