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Peabody 01960 Peabody Town Center
10 Sparrow Ln
$610,000
● House - Off Market

10 Sparrow Ln

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$674,895
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Move into this turnkey young colonial with a fantastic layout. As you come into the house, you are immediately drawn to the inviting living room that easily flows into the dining room and spacious kitchen that opens into the outdoor deck and yard.  This house is the perfect home for entertaining! Upstairs, two very good sized bedrooms and the huge master bedroom offer comfortable sleeping quarters. This home has a great location as well, easy access to commuting roads, public transportation just down the road, shopping, North Shore Mall, many parks, and Holy Cow ice cream. Don't miss this one!
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$370
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1996

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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 #72920108)

Price History

Date / Event Date Event Price
Jan 27, 2022 Sold
Premium
Sold
Nov 10, 2021 Listed by Compass $614,900
Listed by Compass
Feb 27, 2015 Sold
Premium
Sold
Dec 23, 2014 Listed by Compass $379,000
Listed by Compass
Jul 19, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 7,693
  • Total Building Area: 1,664
  • Gross Building Area: 1,664
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 7513
  • Parcel: PEAB M:0064 B:0140
  • Block: 140
  • Municipality: PEABODY
  • Latitude: 42.5348
  • Longitude: -70.9269

    Address

  • Full Address: 10 Sparrow Ln
  • Address - House Number: 10
  • Address - Street Name: Sparrow
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Peabody
  • Carrier Code: C004
  • 4-Digit Zip Code: 3208
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $528,000

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 678,415
  • High Value: 796,215
  • Low Value: 560,615

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $579,000
  • Assessed Land Value: $240,500
  • Assessed Improvements Value: $338,500

    Sales

  • Current Sale Contract Date: Jan 27, 2022
  • Current Sale Recording Date: Jan 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220127002150
  • Previous Sale Recording Date: Feb 27, 2015
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: O
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 Peabody Town Center

Stats & Trends

Median Asking:

$579,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1947 ft²

Average Home Age

87.8 years

Currently For Sale

15 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72920108

Frequently Asked Questions

When was property at 10 Sparrow Lane built and last sold?
The property at 10 Sparrow Lane was built in 1996 and last sold on Jan 27, 2022 for $610,000.
How much is this home worth?
The estimated value of the home located at 10 Sparrow Lane is $602,709.
What are some comparable homes to 10 Sparrow Lane?
There are currently no comparable homes to 10 Sparrow Lane.
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