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Peabody 01960 South Peabody
16 Griffin Road
$330,000
● House - Off Market

16 Griffin Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,240 Ft²
$686,675
RealtyHop Estimate
108.15%
Since Dec 1, 2012
MA-Boston
Primary Model

About This Property

"Welcome Home"....to Desirable South Peabody near Brown School & St. Ann's Church.  This Beautiful Home features 2+Bedrooms, 1.5 Baths, Huge Tiled Upgraded EIK w/Recessed Lighting, Fireplaced Living Room w/Bay/Bow Window, Family Room w/Bay/Bow Window & Finished Lower Level for Entertaining.  All Freshly Painted interior w/Custom Colors. Deck off Back w/Hot Tub plus In-ground Pool and Good Sized Fenced In Yard. A PLEASURE TO SHOW!!!!... FIRST SHOWINGS AT 'OPEN HOUSE' SUNDAY 9/23 FROM 12 TO 2PM...
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$266
Property Type
House
Property Taxes
$252
HOA Dues
-
Year Built
1946

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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 #71436032)

Price History

Date / Event Date Event Price
Jun 16, 2021 Sold
Premium
Sold
May 3, 2021 Listed by RE/MAX Advantage Real Estate $534,900
Listed by RE/MAX Advantage Real Estate
Nov 16, 2012 Sold
Premium
Sold
Sep 17, 2012 Listed by RE/MAX Advantage Real Estate $329,900
Listed by RE/MAX Advantage Real Estate
Nov 30, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • 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: 4
  • 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: 12

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,240
  • Gross Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 210600

Zoning

  • Zoning: R1A

Geography

  • Account Number: 14999
  • Parcel: PEAB M:0116 B:0197
  • Block: 197
  • Municipality: PEABODY
  • Latitude: 42.5073
  • Longitude: -70.9478

    Address

  • Full Address: 16 Griffin Rd
  • Address - House Number: 16
  • Address - Street Name: Griffin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C003
  • 4-Digit Zip Code: 6404
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $477,000

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 669,057
  • High Value: 775,230
  • Low Value: 562,885

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $523,000
  • Assessed Land Value: $227,600
  • Assessed Improvements Value: $295,400

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210616000460
  • Previous Sale Recording Date: Nov 16, 2012
  • Previous Sale Amount: $330,000
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$403

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2112 ft²

Average Home Age

75.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71436032

Frequently Asked Questions

When was property at 16 Griffin Road built and last sold?
The property at 16 Griffin Road was built in 1946 and last sold on Jun 15, 2021 for $575,000.
How much is this home worth?
The estimated value of the home located at 16 Griffin Road is $534,712.
What are some comparable homes to 16 Griffin Road?
There are currently no comparable homes to 16 Griffin Road.
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