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Peabody 01960 Peabody Town Center
13 Colonial Road
$585,000
● House - Off Market

13 Colonial Road

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$523,473
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to this meticulously maintained 4 bedroom, 1.5 bath home in a sought-after neighborhood.  The first floor has a spacious kitchen, a cozy living room, a full bath with a jacuzzi tub, and two first-floor bedrooms with hardwood flooring.  Moving to the upper level, you will find two more bedrooms and a half bath.  The lower level is finished and opens to the backyard, featuring an inviting inground pool with a newer liner,  a 36x20 screened-in patio, and a fully fenced-in yard.  The gas heating and central air conditioning systems were updated in 2013, and the hot water tank in 2020.  Conveniently situated near major highways, restaurants, and malls.  This property truly offers the best of both worlds - tranquility at home and easy access to amenities.  Open House Sat, 7/29, 12-2 pm and Sun, 7/30, 11 am -1 pm.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$459
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1961

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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 #73140948)

Price History

Date / Event Date Event Price
Sep 12, 2023 Sold
Premium
Sold
Aug 3, 2023 In contract -
In contract
Jul 26, 2023 Listed by RE/MAX 360 $529,000
Listed by RE/MAX 360

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 8

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 6198
  • Parcel: PEAB M:0054 B:0069
  • Block: 69
  • Municipality: PEABODY
  • Latitude: 42.5392
  • Longitude: -70.9202

    Address

  • Full Address: 13 Colonial Rd
  • Address - House Number: 13
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C012
  • 4-Digit Zip Code: 1809
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $431,400

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 573,430
  • High Value: 664,006
  • Low Value: 482,855

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $473,000
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $253,000

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Sep 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 646626
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# 73140948

Frequently Asked Questions

When was property at 13 Colonial Road built and last sold?
The property at 13 Colonial Road was built in 1961 and last sold on Sep 11, 2023 for $585,000.
How much is this home worth?
The estimated value of the home located at 13 Colonial Road is $534,541.
What are some comparable homes to 13 Colonial Road?
There are currently no comparable homes to 13 Colonial Road.
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