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Peabody 01960 Peabody Town Center
2 Dobbs Road
$270,500
● House - Off Market

2 Dobbs Road

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,260 Ft²
$532,063
RealtyHop Estimate
90.09%
Since Oct 1, 2013
MA-Boston
Primary Model

About This Property

This home has great potential.  Main level has hardwood floors throughout.  The roof is only 10 years old and the fence was put in 5 years ago to enclose this flat landscaped yard.  Future additional 420 sq ft living area in basement.  This ranch is wonderful for a young couple or an empty nester.  Lots of updates.
Unit Size
1,260 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$222
Property Type
House
Property Taxes
$249
HOA Dues
-
Year Built
1991

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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: 4 months ago (MLSPIN #71518299)

Price History

Date / Event Date Event Price
Sep 6, 2013 Sold
Premium
Sold
Apr 30, 2013 Listed by Century 21 N. Shore $279,900
Listed by Century 21 N. Shore

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 420
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,647
  • Total Building Area: 1,260
  • Gross Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND COURT PLAN 11921J
  • Land Acres: 0000000153
  • 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: 6242
  • Parcel: PEAB M:0054 B:0108
  • Block: 108
  • Municipality: PEABODY
  • Latitude: 42.5419
  • Longitude: -70.9199

    Address

  • Full Address: 2 Dobbs Rd
  • Address - House Number: 2
  • Address - Street Name: Dobbs
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C004
  • 4-Digit Zip Code: 1824
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $491,500

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 616,672
  • High Value: 730,321
  • Low Value: 503,024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,900
  • Assessed Land Value: $232,500
  • Assessed Improvements Value: $306,400

    Sales

  • Current Sale Contract Date: Mar 05, 2018
  • Current Sale Recording Date: Mar 12, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 591053
  • Previous Sale Recording Date: Sep 06, 2013
  • Previous Sale Amount: $270,500
  • 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# 71518299

Frequently Asked Questions

When was property at 2 Dobbs Road built and last sold?
The property at 2 Dobbs Road was built in 1991 and last sold on Mar 5, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 2 Dobbs Road is $292,783.
What are some comparable homes to 2 Dobbs Road?
There are currently no comparable homes to 2 Dobbs Road.
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