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Peabody 01960 South Peabody
16 Rainbow Circle
$220,000
● House - Off Market

16 Rainbow Circle

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,296 Ft²
$548,388
RealtyHop Estimate
119.36%
Since Mar 1, 2012
MA-Boston
Primary Model

About This Property

Cute Cape in prestigious location of South Peabody. Home needs updating and your finishing touches but has decent size rooms with hardwood floors throughout. Home features a large level landscaped yard. 1 bedroom on first level with the possibility for a 2nd bedroom or dining room. The Livingroom has a working wood burning fireplace, and hardwood underneath the carpet. The second floor has 2 large bedrooms and a half bath. Complete with an attached 1 car garage on a quiet dead end street!
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$193
Property Type
House
Property Taxes
$246
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #71272105)

Price History

Date / Event Date Event Price
Feb 28, 2012 Sold
Premium
Sold
Aug 8, 2011 Listed by Century 21 N. Shore RE $249,999
Listed by Century 21 N. Shore RE

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,630
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000152
  • 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: 14247
  • Parcel: PEAB M:0109 B:0267
  • Block: 267
  • Municipality: PEABODY
  • Latitude: 42.5113
  • Longitude: -70.9457

    Address

  • Full Address: 16 Rainbow Cir
  • Address - House Number: 16
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5720
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $587,000

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 713,214
  • High Value: 836,948
  • Low Value: 589,480

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $643,600
  • Assessed Land Value: $232,400
  • Assessed Improvements Value: $411,200

    Sales

  • Current Sale Recording Date: Feb 28, 2012
  • Current Sale Price:
    Premium
  • Current 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

$400

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1909 ft²

Average Home Age

88.1 years

Currently For Sale

13 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71272105

Frequently Asked Questions

When was property at 16 Rainbow Circle built and last sold?
The property at 16 Rainbow Circle was built in 1951 and last sold on Jan 1, 1970 for $220,000.
How much is this home worth?
The estimated value of the home located at 16 Rainbow Circle is $262,802.
What are some comparable homes to 16 Rainbow Circle?
There are currently no comparable homes to 16 Rainbow Circle.
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