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Peabody 01960 South Peabody
128 Summit Street
$320,000
● House - Off Market

128 Summit Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$499,235
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

Huge price reduction! Owners moving abroad and motivated to sell this three bedroom cape before the winter. This home is being priced with the "handy person" in mind. Expand this home to your specifications; plenty of land to do so, over 19,000 square feet, abutting conservation wet lands. 30 seconds away from route 128, close to all amenities; North Shore shopping center, Boston Children's hospital, Peabody center ... Take advantage of this price to make this home your jewel. So lets roll up those sleeves, break out the saw and hammer and build your personal paradise.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$320
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1920

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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 #72227169)

Price History

Date / Event Date Event Price
Dec 15, 2017 Sold
Premium
Sold
Sep 12, 2017 Listed by Tache Real Estate, Inc. $320,000
Listed by Tache Real Estate, Inc.
Dec 6, 2002 Sold
Premium
Sold
Aug 24, 2002 Listed by Tache Real Estate, Inc. $249,000
Listed by Tache Real Estate, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 360
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,950
  • Total Building Area: 938
  • Gross Building Area: 938
  • Building Area: 938
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 938
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000458
  • 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: 210402

Zoning

  • Zoning: R1A

Geography

  • Account Number: 10750
  • Parcel: PEAB M:0093 B:0006
  • Block: 6
  • Municipality: PEABODY
  • Latitude: 42.5229
  • Longitude: -70.9508

    Address

  • Full Address: 128 Summit St
  • Address - House Number: 128
  • Address - Street Name: Summit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C019
  • 4-Digit Zip Code: 5156
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $454,100

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 515,534
  • High Value: 639,674
  • Low Value: 391,394

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $497,900
  • Assessed Land Value: $227,500
  • Assessed Improvements Value: $270,400

    Sales

  • Current Sale Recording Date: Dec 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171215006500
  • Previous Sale Recording Date: Dec 06, 2002
  • Previous Sale Amount: $250,500
  • 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

$410

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2212 ft²

Average Home Age

70.1 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72227169

Frequently Asked Questions

When was property at 128 Summit Street built and last sold?
The property at 128 Summit Street was built in 1920 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 128 Summit Street is $322,473.
What are some comparable homes to 128 Summit Street?
There are currently no comparable homes to 128 Summit Street.
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