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Peabody 01960 Peabody Town Center
15 Nelson Rd
$505,000
● House - Off Market

15 Nelson Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,273 Ft²
$511,435
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to 15 Nelson Rd in the desirable Gardner Park area of Peabody! This 3 bed, 1.5 bath home features an Eat in Kitchen, Living Room, Dining Room, Newly Refinished Hardwood Floors, Large Fenced in Yard, Good Sized Bedrooms, Walk up Attic for Plenty of Storage or Future Expansion, Farmer's Porch, and much much more!  A little TLC would make this home yours and give you some nice sweat equity!  Great Location near the Train, Downtown Salem, Shopping, Restaurants, and Highways. Sold as is....No Showings until the first Open House Friday 8/6 from 5-6:30pm.  Offers due Monday 8/9 by 5pm.
Unit Size
1,273 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$353
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1916

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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: 5 years ago (MLSPIN #72876796)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Aug 5, 2021 Listed by RE/MAX 360 $449,900
Listed by RE/MAX 360

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,345
  • Total Building Area: 1,273
  • Gross Building Area: 1,273
  • Building Area: 1,273
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,273
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: 7906
  • Parcel: PEAB M:0065 B:0269
  • Block: 269
  • Municipality: PEABODY
  • Latitude: 42.5345
  • Longitude: -70.9179

    Address

  • Full Address: 15 Nelson Rd
  • Address - House Number: 15
  • Address - Street Name: Nelson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C012
  • 4-Digit Zip Code: 1933
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $456,000

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 589,428
  • High Value: 731,362
  • Low Value: 447,494

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $500,000
  • Assessed Land Value: $222,600
  • Assessed Improvements Value: $277,400

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210827005890
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:

$579,900

Sale Price/ft²

$388

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: 5 years ago
Data Source: MLS PIN, MLS# 72876796

Frequently Asked Questions

When was property at 15 Nelson Road built and last sold?
The property at 15 Nelson Road was built in 1916 and last sold on Aug 27, 2021 for $505,000.
How much is this home worth?
The estimated value of the home located at 15 Nelson Road is $0.
What are some comparable homes to 15 Nelson Road?
There are currently no comparable homes to 15 Nelson Road.
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