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Peabody 01960 Peabody Town Center
15 Melody Rd.
$280,000
● House - Off Market

15 Melody Rd.

Peabody, MA 01960
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,547 Ft²
$655,235
RealtyHop Estimate
134.10%
Since May 1, 2002
MA-Boston
Primary Model

About This Property

IMMACULATE, SPACIOUS CAPE ON CUL-DE-SAC IN GARDNER PARK-HDWD FLOORS, FP LIV. RM.- 2 BATHS- NEW WINDOWS-SUNROOM-STORAGE SHED-3 BDRMS 2ND FLOOR-SUBJECT TO PROBATE OF A TRUSTEE'S ESTATE--- MOVE IN AND ENJOY!!
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$181
Property Type
House
Property Taxes
$165
HOA Dues
-
Year Built
1963

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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 years ago (MLSPIN #30585264)

Price History

Date / Event Date Event Price
Apr 26, 2002 Sold
Premium
Sold
Mar 6, 2002 Listed by The North Shore Realty Group $279,900
Listed by The North Shore Realty Group

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 200
  • 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: 7,771
  • Total Building Area: 1,547
  • Gross Building Area: 1,547
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000178
  • 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: 7685
  • Parcel: PEAB M:0065 B:0048
  • Block: 48
  • Municipality: PEABODY
  • Latitude: 42.5337
  • Longitude: -70.9204

    Address

  • Full Address: 15 Melody Rd
  • Address - House Number: 15
  • Address - Street Name: Melody
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C007
  • 4-Digit Zip Code: 3202
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,300

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 647,103
  • High Value: 756,575
  • Low Value: 537,631

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,800
  • Assessed Land Value: $241,100
  • Assessed Improvements Value: $321,700

    Sales

  • Current Sale Recording Date: Apr 26, 2002
  • Current Sale Price:
    Premium
  • Current 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 Peabody Town Center

Stats & Trends

Median Asking:

$569,950

Sale Price/ft²

$390

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1593 ft²

Average Home Age

75.1 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 years ago
Data Source: MLS PIN, MLS# 30585264

Frequently Asked Questions

When was property at 15 Melody Road built and last sold?
The property at 15 Melody Road was built in 1963 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 15 Melody Road is $0.
What are some comparable homes to 15 Melody Road?
There are currently no comparable homes to 15 Melody Road.
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