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Peabody 01960 Proctor
12 Reed Rd
$320,000
● House - Off Market

12 Reed Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,360 Ft²
$527,384
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

Multiple Offer Notification. All the highest and best offers are due by 2 pm October 15th. A wonderful home, a wonderful neighborhood, a wonderful location!! This 3 BR RANCH boasts living area with fireplace, EIK kitchen, bonus room/family room, and in the desirable CENTERFIELD subdivision. And a desirable home it is! This sweet home is set on a level, fenced lot. LOCATION!! Close to major routes, shopping, transportation. It is also located close to Salem country club. Move in condition. Hurry won't last this price.
Unit Size
1,360 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$221
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1958

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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 #71918156)

Price History

Date / Event Date Event Price
Dec 4, 2015 Sold
Premium
Sold
Oct 13, 2015 Listed by United Brokers $299,974
Listed by United Brokers
Oct 9, 2015 Sold
Premium
Sold
Aug 25, 2015 Listed by United Brokers $339,900
Listed by United Brokers

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,360
  • Gross Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 210302

Zoning

  • Zoning: R1B

Geography

  • Account Number: 6849
  • Parcel: PEAB M:0061 B:0039
  • Block: 39
  • Municipality: PEABODY
  • Latitude: 42.534
  • Longitude: -70.959

    Address

  • Full Address: 12 Reed Rd
  • Address - House Number: 12
  • Address - Street Name: Reed
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C048
  • 4-Digit Zip Code: 2707
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $481,800
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.177
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 614,750
  • High Value: 723,592
  • Low Value: 505,908

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,300
  • Assessed Land Value: $297,500
  • Assessed Improvements Value: $230,800

    Sales

  • Current Sale Recording Date: Dec 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 363
  • Previous Sale Recording Date: Oct 09, 2015
  • Previous Sale Amount: $275,000
  • 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 Proctor

Stats & Trends

Median Asking:

$604,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1885 ft²

Average Home Age

78.7 years

Currently For Sale

12 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# 71918156

Frequently Asked Questions

When was property at 12 Reed Road built and last sold?
The property at 12 Reed Road was built in 1958 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 12 Reed Road is $315,127.
What are some comparable homes to 12 Reed Road?
There are currently no comparable homes to 12 Reed Road.
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