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Peabody 01960 Peabody Town Center
14 Davis Terrace
$310,000
● House - Off Market

14 Davis Terrace

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath
square feet
770 Ft²
$464,010
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Move in Ready Village Colonial!!  The Ideal starter home, downsizer, or condo alternative...   Features: A spacious Front to back living room with double doors leading to a nice deck and the perfect fenced in yard for a pet lover; 2 good second floor bedrooms;  Renovated Maple/Stainless eat in kitchen; A simple floor plan that makes this home feel larger than the GLA;  and Maintenance free exterior with  solid masonry block Garage.  Nothing to do but move in!
Unit Size
770 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$389
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925

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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 #72251323)

Price History

Date / Event Date Event Price
Jan 5, 2018 Sold
Premium
Sold
Nov 3, 2017 Listed by Realty Executives $299,900
Listed by Realty Executives
Sep 26, 2017 Sold
Premium
Sold
Jun 10, 2005 Sold
Premium
Sold
Oct 11, 2004 Listed by LAER Realty Partners $269,000
Listed by LAER Realty Partners
Cozy home in need of updating/cosmetics. Newer vinyl clad windows, garage, roof. A great beginning to home ownership!

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,463
  • Total Building Area: 770
  • Gross Building Area: 770
  • Building Area: 770
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 770
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000079
  • 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: 9906
  • Parcel: PEAB M:0076 B:0310
  • Block: 310
  • Municipality: PEABODY
  • Latitude: 42.5302
  • Longitude: -70.9152

    Address

  • Full Address: 14 Davis Ter
  • Address - House Number: 14
  • Address - Street Name: Davis
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C007
  • 4-Digit Zip Code: 1914
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $375,700

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 515,897
  • High Value: 604,926
  • Low Value: 426,867

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $412,000
  • Assessed Land Value: $190,700
  • Assessed Improvements Value: $221,300

    Sales

  • Current Sale Recording Date: Jan 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180105005140
  • Previous Sale Recording Date: Sep 26, 2017
  • Previous Sale Amount: $239,000
  • Previous Sale Document Type: 34
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:

$569,950

Sale Price/ft²

$390

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# 72251323

Frequently Asked Questions

When was property at 14 Davis Terrace built and last sold?
The property at 14 Davis Terrace was built in 1925 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 14 Davis Terrace is $303,376.
What are some comparable homes to 14 Davis Terrace?
There are currently no comparable homes to 14 Davis Terrace.
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