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Peabody 01960 Proctor
15 Martha Terrace
$400,000
● House - Off Market

15 Martha Terrace

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,916 Ft²
$608,671
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

Very nice 3-4 bedroom, corner lot Ranch in the Emerson Park area. Versatile floor plan that could be designed as you see fit. Front room is used as dining room now but could be living room with wood fireplace. Entertainment room off kitchen could be large living room, dining room or keep as entertainment area. Door to driveway on one side and door to large deck on the other side. Deck leads to above ground pool. Lower level is finished with large playroom, bedroom and beautiful bathroom. 3 zone heat which includes one in lower level. All this sitting on a corner lot just stones throw to Center School (elementary). The finished cellar has a B-Dry system, which is guaranteed for the life of the house. Easy to show. Don't miss out on this one!!!!
Unit Size
1,916 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$219
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1956

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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: 6 months ago (MLSPIN #72425276)

Price History

Date / Event Date Event Price
Mar 29, 2019 Sold
Premium
Sold
Nov 18, 2018 Listed by Century 21 North East $419,900
Listed by Century 21 North East
Jul 26, 2007 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 9,749
  • Total Building Area: 1,916
  • Gross Building Area: 1,916
  • Building Area: 1,916
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,916
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • 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: 8782
  • Parcel: PEAB M:0073 B:0292
  • Block: 292
  • Municipality: PEABODY
  • Latitude: 42.5296
  • Longitude: -70.9435

    Address

  • Full Address: 15 Martha Ter
  • Address - House Number: 15
  • Address - Street Name: Martha
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C044
  • 4-Digit Zip Code: 4247
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $506,400

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 632,319
  • High Value: 745,174
  • Low Value: 519,464

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $555,300
  • Assessed Land Value: $244,300
  • Assessed Improvements Value: $311,000

    Sales

  • Current Sale Contract Date: Mar 26, 2019
  • Current Sale Recording Date: Mar 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190329003330
  • Previous Sale Recording Date: Jul 26, 2007
  • Previous Sale Amount: $374,000
  • 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 Proctor

Stats & Trends

Median Asking:

$597,500

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1863 ft²

Average Home Age

72.6 years

Currently For Sale

17 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72425276

Frequently Asked Questions

When was property at 15 Martha Terrace built and last sold?
The property at 15 Martha Terrace was built in 1956 and last sold on Mar 26, 2019 for $400,000.
How much is this home worth?
The estimated value of the home located at 15 Martha Terrace is $435,956.
What are some comparable homes to 15 Martha Terrace?
There are currently no comparable homes to 15 Martha Terrace.
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