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Peabody 01960 Proctor
16 Raymond Circle
$450,000
● House - Off Market

16 Raymond Circle

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,044 Ft²
$549,165
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Inviting Peabody home conveniently located close to highways and shopping center.  Corian countertops in kitchen, hardwood in many rooms, heated sun room and huge, finished lower level with half bath are a great start to making this home your own with updating. New gutters and sump pump within the last two years, maintenance free vinyl siding, large cedar closet in the basement and replacement windows throughout main level.  All appliances stay as gifts. Bring your ideas to this bright and sunny, welcoming home.
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$402
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1955

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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 #72706131)

Price History

Date / Event Date Event Price
Sep 14, 2020 Sold
Premium
Sold
Aug 7, 2020 Listed by RE/MAX Partners $420,000
Listed by RE/MAX Partners
Jan 23, 2017 Sold
Premium
Sold
Dec 4, 2016 Listed by RE/MAX Partners $325,000
Listed by RE/MAX Partners

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 6,199
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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: 210402

Zoning

  • Zoning: R1A

Geography

  • Account Number: 10171
  • Parcel: PEAB M:0083 B:0129
  • Block: 129
  • Municipality: PEABODY
  • Latitude: 42.5271
  • Longitude: -70.9482

    Address

  • Full Address: 16 Raymond Cir
  • Address - House Number: 16
  • Address - Street Name: Raymond
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Peabody
  • Carrier Code: C032
  • 4-Digit Zip Code: 4117
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $472,000

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 602,040
  • High Value: 712,991
  • Low Value: 491,088

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,500
  • Assessed Land Value: $229,100
  • Assessed Improvements Value: $288,400

    Sales

  • Current Sale Contract Date: Sep 02, 2020
  • Current Sale Recording Date: Sep 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200914004180
  • Previous Sale Recording Date: Jan 23, 2017
  • 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 Proctor

Stats & Trends

Median Asking:

$604,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1885 ft²

Average Home Age

78.7 years

Currently For Sale

12 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: 4 months ago
Data Source: MLS PIN, MLS# 72706131

Frequently Asked Questions

When was property at 16 Raymond Circle built and last sold?
The property at 16 Raymond Circle was built in 1955 and last sold on Sep 2, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 16 Raymond Circle is $421,483.
What are some comparable homes to 16 Raymond Circle?
There are currently no comparable homes to 16 Raymond Circle.
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