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Peabody 01960 South Peabody
17 Rainbow Rd
$605,000
● House - Off Market

17 Rainbow Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,610 Ft²
$601,506
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Welcome home to this beautiful Cape with nearby access to 128. Pride in ownership is apparent in every square footage.  This charming home has an open floorplan with gleaming hardwood floors throughout. The kitchen and baths are tastefully updated. One of the second floor bedrooms has french doors to an adjoining bonus room perfect for a home office or nursery. The backyard is nicely landscaped with a deck and shed. This is a great opportunity to be in a quiet neighborhood in South Peabody. Don't miss out on the amazing home!
Unit Size
1,610 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$326
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1948

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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 years ago (MLSPIN #72828604)

Price History

Date / Event Date Event Price
Jul 26, 2021 Sold
Premium
Sold
May 10, 2021 Listed by Redfin Corp. $525,000
Listed by Redfin Corp.
Feb 7, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 6,290
  • Total Building Area: 1,610
  • Gross Building Area: 1,610
  • Building Area: 1,610
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,610
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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: 14220
  • Parcel: PEAB M:0109 B:0231
  • Block: 231
  • Municipality: PEABODY
  • Latitude: 42.5112
  • Longitude: -70.9439

    Address

  • Full Address: 17 Rainbow Rd
  • Address - House Number: 17
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5701
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $505,100

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 670,471
  • High Value: 786,790
  • Low Value: 554,153

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,800
  • Assessed Land Value: $229,800
  • Assessed Improvements Value: $324,000

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210726003280
  • Previous Sale Recording Date: Feb 07, 2003
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 27
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

$398

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1642 ft²

Average Home Age

91.2 years

Currently For Sale

11 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 years ago
Data Source: MLS PIN, MLS# 72828604

Frequently Asked Questions

When was property at 17 Rainbow Road built and last sold?
The property at 17 Rainbow Road was built in 1948 and last sold on Jul 26, 2021 for $605,000.
How much is this home worth?
The estimated value of the home located at 17 Rainbow Road is $0.
What are some comparable homes to 17 Rainbow Road?
There are currently no comparable homes to 17 Rainbow Road.
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