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Peabody 01960 Peabody Town Center
114 Margin Street
$275,000
● House - Off Market

114 Margin Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,425 Ft²
$514,734
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model

About This Property

A little TLC will go along way in this 2/3 bedroom cape on corner lot with OVERSIZED, fenced back yard and patio. Hardwood floors under some carpets, wood kitchen cabinets and new heating system 2013. Breezeway between 1 car garage and house can be a bonus room.  Main level has all good sized rooms and is versatile to have either 2 bedrooms or a bedroom and dining room.  Living room has picture window. Washer and dryer on main level.  Full basement with plenty of storage has a walk out with potential of a playroom just waiting to be finished. Upstairs has bedroom and 3/4 bath as well as unfinished attic space for additional storage or potential finished space.
Unit Size
1,425 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$196
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1948

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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 #71607304)

Price History

Date / Event Date Event Price
Mar 28, 2014 Sold
Premium
Sold
Nov 12, 2013 Listed by RE/MAX Advantage Real Estate $279,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,874
  • Total Building Area: 1,995
  • Gross Building Area: 1,995
  • Building Area: 1,995
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,995
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000273
  • 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: 6241
  • Parcel: PEAB M:0054 B:0107
  • Block: 107
  • Municipality: PEABODY
  • Latitude: 42.5419
  • Longitude: -70.9194

    Address

  • Full Address: 114 Margin St
  • Address - House Number: 114
  • Address - Street Name: Margin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C012
  • 4-Digit Zip Code: 1873
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $502,500

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 641,676
  • High Value: 752,411
  • Low Value: 530,940

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,000
  • Assessed Land Value: $221,400
  • Assessed Improvements Value: $329,600

    Sales

  • Current Sale Recording Date: Mar 28, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 551037
  • Previous Sale Recording Date: Jan 14, 2005
  • Previous Sale Document Type: 48
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:

$599,000

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1684 ft²

Average Home Age

88.6 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

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# 71607304

Frequently Asked Questions

When was property at 114 Margin Street built and last sold?
The property at 114 Margin Street was built in 1948 and last sold on Jan 1, 1970 for $275,000.
How much is this home worth?
The estimated value of the home located at 114 Margin Street is $301,019.
What are some comparable homes to 114 Margin Street?
There are currently no comparable homes to 114 Margin Street.
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