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Peabody 01960 Peabody Town Center
16 Davis Ter
$349,000
● House - Off Market

16 Davis Ter

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
930 Ft²
$561,812
RealtyHop Estimate
56.10%
Since Nov 1, 2017
MA-Boston
Primary Model

About This Property

Fully remodelled Classic New England Colonial with great yard on a cute side street.  Fully gutted with new insulation, new wall board, plaster and paint, new hardwood floor on the first floor, new carpet upstairs, new ceramic tile in full bath, new siding, new 200 amp electric service, new tub, new toilets, new vanities, new kitchen cabinets, new granite counter, new range, disposal, range, new fridge and new light fixtures throughout.  Newer roof, heating system, hot water heater and windows.
Unit Size
930 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$387
Property Type
House
Property Taxes
$242
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 #72217278)

Price History

Date / Event Date Event Price
Oct 27, 2017 Sold
Premium
Sold
Aug 22, 2017 Listed by RE/MAX TRIFECTA $359,900
Listed by RE/MAX TRIFECTA
May 17, 2017 Sold
Premium
Sold
Apr 3, 2017 Listed by RE/MAX TRIFECTA $179,000
Listed by RE/MAX TRIFECTA

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 16
  • Exterior Walls Type: 18
  • 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: 160
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,293
  • Total Building Area: 930
  • Gross Building Area: 930
  • Building Area: 930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 930
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000076
  • 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: 9907
  • Parcel: PEAB M:0076 B:0311
  • Block: 311
  • Municipality: PEABODY
  • Latitude: 42.5303
  • Longitude: -70.9152

    Address

  • Full Address: 16 Davis Ter
  • Address - House Number: 16
  • 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: $410,100

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 533,307
  • High Value: 631,591
  • Low Value: 435,022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $449,700
  • Assessed Land Value: $189,500
  • Assessed Improvements Value: $260,200

    Sales

  • Current Sale Recording Date: Oct 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171027003580
  • Previous Sale Recording Date: May 17, 2017
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: O
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

1686 ft²

Average Home Age

81.4 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# 72217278

Frequently Asked Questions

When was property at 16 Davis Terrace built and last sold?
The property at 16 Davis Terrace was built in 1925 and last sold on Jan 1, 1970 for $349,000.
How much is this home worth?
The estimated value of the home located at 16 Davis Terrace is $361,047.
What are some comparable homes to 16 Davis Terrace?
There are currently no comparable homes to 16 Davis Terrace.
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