$410,000
●
Condo -
Off Market
2 Ledgewood Way #7
Peabody, MA 01960
2 Beds
2 Baths
1,009 Ft²
$2,881
Est. Monthly
$478
HOA / Fees
5.51%
Cap Rate
About This Property
Desirable Ledgewood Condominium! 2 Bedroom, 2 Bath one level living
unit on second floor has roomy living room with expansive slider
window leading to exclusive use balcony. Dining room opens to
living room accommodating potential dining table extension need.
Refreshed flooring throughout. Guest bath has upgraded vanity,
flooring and convenient, walk in shower with seat. The main bedroom
has a walk in closet and private bath. In unit laundry room offers
plenty of storage. You will love the elongated front entry closet.
Exclusive use storage closet on ground level. The complex has
in-ground pool, renovated club room, tennis & an abundance of guest
parking. In going and outgoing mail right in the building.
Convenient, on-site professional management. The inviting,
landscaped grounds bloom in all seasons. High owner occupancy.
Close to major highways, shopping/restaurants.
Unit Size
1,009 Ft²
Days on Market
-
Land Size
-
Price per sqft
$426
Property Type
Condo
Property Taxes
$292
HOA Dues
$478
Year Built
1980
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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 #73503457)
Price History
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Parking Details
Has Open Parking
Parking Features: Off Street, Assigned, Common, Guest, Paved
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Laminate
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Unit, Second Floor
Rooms: 5
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1009
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1980
Building Name: Ledgewood Condominium
Building Area Total: 1009
Building Area Units: Square Feet
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Tax Lot: 532
Water Source: Public
Financial Details
Tax Map Number: 27
Tax Assessed Value: $365,300
Tax Annual Amount: $3,500
Utilities Details
Cooling Type: Central Air, Heat Pump, Individual, Unit Control
Heating Type: Forced Air, Heat Pump, Electric, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Pool, Elevator(s), Tennis Court(s), Storage, Clubhouse
HOA Fee: $478
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/14/2025
|
3 Bed
|
2 Bath
|
1286 ft²
|
$478,888
3 Bed
2 Bath
1286 ft²
|
-
-
|
Maria Fabiano
Maria Fabiano Realty
| |
|
05/23/2024
|
2 Bed
|
2 Bath
|
1024 ft²
|
$399,000
2 Bed
2 Bath
1024 ft²
|
$399,000
08/16/2024
|
Pamela Pace
Pacesetters Real Estate
| |
|
02/23/2024
|
2 Bed
|
2 Bath
|
1004 ft²
|
$399,000
2 Bed
2 Bath
1004 ft²
|
$390,000
-2.26%
06/27/2024
|
Luciano Leone Team
RE/MAX 360
| |
|
12/21/2023
|
2 Bed
|
2 Bath
|
1005 ft²
|
$389,900
2 Bed
2 Bath
1005 ft²
|
$389,900
03/15/2024
|
Joyce Cucchiara
Coldwell Banker Realty - Lynnfield
| |
|
10/05/2022
|
1 Bed
|
1 Bath
|
798 ft²
|
$319,000
1 Bed
1 Bath
798 ft²
|
$305,000
-4.39%
11/17/2022
|
John F. Sharkey
John F. Sharkey
| |
|
05/10/2022
|
2 Bed
|
2 Bath
|
1005 ft²
|
$419,000
2 Bed
2 Bath
1005 ft²
|
$445,000
+6.21%
06/30/2022
|
Revolution Real Estate Group
Keller Williams Realty Evolution
| |
|
03/17/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$359,000
2 Bed
2 Bath
1000 ft²
|
$410,000
+14.21%
09/30/2022
|
Gary Blattberg
RE/MAX 360
| |
|
02/14/2022
|
2 Bed
|
3 Bath
|
1470 ft²
|
$399,000
2 Bed
3 Bath
1470 ft²
|
$450,000
+12.78%
03/30/2022
|
Bridget Hovan
Heather Klosowski Real Estate
| |
|
08/04/2021
|
1 Bed
|
1 Bath
|
798 ft²
|
$285,000
1 Bed
1 Bath
798 ft²
|
$285,000
12/03/2021
|
Joyce Cucchiara
RE/MAX 360
| |
|
01/20/2021
|
1 Bed
|
1 Bath
|
794 ft²
|
$289,000
1 Bed
1 Bath
794 ft²
|
$285,000
-1.38%
03/24/2021
|
Mitchell Rosenwald
Corcoran Realty
| |
|
06/26/2020
|
2 Bed
|
2 Bath
|
1000 ft²
|
$300,000
2 Bed
2 Bath
1000 ft²
|
$320,000
+6.67%
09/16/2020
|
Barb Cullen
Keller Williams - Greater Newburyport
| |
|
11/25/2019
|
1 Bed
|
1 Bath
|
794 ft²
|
$289,000
1 Bed
1 Bath
794 ft²
|
$278,500
-3.63%
12/27/2019
|
Debra LaPorte
Coldwell Banker Realty - Topsfield
| |
|
10/21/2019
|
2 Bed
|
2 Bath
|
1015 ft²
|
$317,500
2 Bed
2 Bath
1015 ft²
|
$325,000
+2.36%
12/11/2019
|
Michelle Kuppens
Coldwell Banker Realty - Beverly
| |
|
08/30/2019
|
2 Bed
|
2 Bath
|
1008 ft²
|
$299,000
2 Bed
2 Bath
1008 ft²
|
$299,000
02/05/2020
|
Pam Spiros
Coldwell Banker Realty - Beverly
| |
|
10/26/2016
|
2 Bed
|
2 Bath
|
1013 ft²
|
$249,900
2 Bed
2 Bath
1013 ft²
|
$243,000
-2.76%
11/18/2016
|
Chris Mazzarella
Legal Edge Real Estate, Inc
| |
|
07/08/2015
|
2 Bed
|
2 Bath
|
1004 ft²
|
$264,900
2 Bed
2 Bath
1004 ft²
|
$262,500
-0.91%
08/20/2015
|
Luciano Leone Team
RE/MAX 360
| |
|
05/10/2014
|
2 Bed
|
2 Bath
|
1250 ft²
|
$264,900
2 Bed
2 Bath
1250 ft²
|
$264,900
09/09/2014
|
Luciano Leone Team
RE/MAX 360
| |
|
05/13/2013
|
2 Bed
|
2 Bath
|
1002 ft²
|
$216,900
2 Bed
2 Bath
1002 ft²
|
$214,000
-1.34%
09/11/2013
|
Stephen Velonis
Coldwell Banker Realty - Lynnfield
| |
|
08/24/2012
|
2 Bed
|
3 Bath
|
1241 ft²
|
$220,000
2 Bed
3 Bath
1241 ft²
|
$212,000
-3.64%
10/16/2012
|
Richard Lemay
RE/MAX On the River, Inc.
| |
|
12/22/2011
|
2 Bed
|
2 Bath
|
1009 ft²
|
$189,900
2 Bed
2 Bath
1009 ft²
|
$182,500
-3.90%
06/04/2012
|
Anita Horowitz
RE/MAX 360
| |
|
08/01/2011
|
1 Bed
|
1 Bath
|
794 ft²
|
$178,900
1 Bed
1 Bath
794 ft²
|
$178,900
10/27/2011
|
Linda Surette
Carpenito Real Estate, Inc.
| |
|
04/12/2011
|
2 Bed
|
2 Bath
|
1021 ft²
|
$195,555
2 Bed
2 Bath
1021 ft²
|
$191,000
-2.33%
07/05/2011
|
Danelle Morris
eXp Realty
| |
|
06/13/2010
|
2 Bed
|
2 Bath
|
1002 ft²
|
$205,000
2 Bed
2 Bath
1002 ft²
|
$197,500
-3.66%
09/24/2010
|
Amy Copeland Potamis
Coldwell Banker Realty - Winchester
| |
|
03/12/2010
|
2 Bed
|
2 Bath
|
1002 ft²
|
$190,000
2 Bed
2 Bath
1002 ft²
|
$182,000
-4.21%
08/16/2010
|
Anita Horowitz
RE/MAX 360
| |
|
04/20/2009
|
1 Bed
|
1 Bath
|
798 ft²
|
$189,900
1 Bed
1 Bath
798 ft²
|
$179,900
-5.27%
07/31/2009
|
Anita Horowitz
RE/MAX 360
| |
|
09/18/2006
|
2 Bed
|
3 Bath
|
1310 ft²
|
$286,000
2 Bed
3 Bath
1310 ft²
|
$272,000
-4.90%
01/25/2007
|
Vasia Kalaras
Bean Group
| |
|
09/11/2006
|
2 Bed
|
2 Bath
|
1005 ft²
|
$239,000
2 Bed
2 Bath
1005 ft²
|
$223,500
-6.49%
03/30/2007
|
Anita Horowitz
RE/MAX 360
| |
|
07/09/2006
|
2 Bed
|
2 Bath
|
1385 ft²
|
$269,900
2 Bed
2 Bath
1385 ft²
|
$269,900
08/21/2006
|
Peter Silva
William Raveis R.E. & Homes Services
| |
|
01/24/2006
|
2 Bed
|
2 Bath
|
1250 ft²
|
$279,900
2 Bed
2 Bath
1250 ft²
|
$262,500
-6.22%
03/24/2006
|
Robert Meehan
Keller Williams Realty Evolution
| |
|
05/18/2004
|
2 Bed
|
3 Bath
|
1572 ft²
|
$289,900
2 Bed
3 Bath
1572 ft²
|
$294,000
+1.41%
07/09/2004
|
Maria Fabiano
Maria Fabiano Realty
| |
|
02/02/2004
|
1 Bed
|
1 Bath
|
794 ft²
|
$199,900
1 Bed
1 Bath
794 ft²
|
$191,000
-4.45%
05/04/2004
|
Ellen Chmara
LAER Realty Partners
| |
|
10/22/2003
|
2 Bed
|
2 Bath
|
1050 ft²
|
$259,900
2 Bed
2 Bath
1050 ft²
|
$255,000
-1.89%
03/30/2004
|
Cammy Bille
J. Barrett & Company
| |
|
12/05/2001
|
Loft
|
2 Bath
|
1325 ft²
|
$244,900
Loft
2 Bath
1325 ft²
|
$234,000
-4.45%
02/15/2002
|
Wesley Ladd
Private Properties
| |
|
10/24/2001
|
Loft
|
2 Bath
|
1325 ft²
|
$249,000
Loft
2 Bath
1325 ft²
|
$249,000
02/12/2002
|
Jody Swanstrom
Re/max Top Achievers, Inc.
| |
|
06/22/2001
|
2 Bed
|
2 Bath
|
1125 ft²
|
$199,900
2 Bed
2 Bath
1125 ft²
|
$195,000
-2.45%
08/30/2001
|
Karl Schmith
Dewolfe-Beverly
| |
|
05/03/2000
|
2 Bed
|
2 Bath
|
1535 ft²
|
$182,900
2 Bed
2 Bath
1535 ft²
|
$179,900
-1.64%
06/23/2000
|
Frank T. Rossetti
Select Options Realty Group
| |
|
03/29/1998
|
2 Bed
|
2 Bath
|
1545 ft²
|
$154,900
2 Bed
2 Bath
1545 ft²
|
$153,900
-0.65%
08/20/1998
|
Dianne Olsen
Brad Hutchinson Real Estate
| |
|
05/07/1997
|
2 Bed
|
2 Bath
|
1005 ft²
|
$114,900
2 Bed
2 Bath
1005 ft²
|
$107,500
-6.44%
10/24/1997
|
Ellen Chmara
LAER Realty Partners
| |
|
05/07/1997
|
2 Bed
|
3 Bath
|
1310 ft²
|
$132,500
2 Bed
3 Bath
1310 ft²
|
$126,500
-4.53%
09/16/1997
|
Maureen Gaeta
MP Realty Group
| |
|
05/06/1997
|
2 Bed
|
2 Bath
|
975 ft²
|
$110,000
2 Bed
2 Bath
975 ft²
|
$106,000
-3.64%
01/28/1998
|
Paul Actis
Century 21 N. Shore
| |
|
04/02/1997
|
2 Bed
|
2 Bath
|
-
|
$112,000
2 Bed
2 Bath
|
$108,500
-3.13%
06/02/1997
|
Marcia Poretsky
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
01/03/1996
|
2 Bed
|
2 Bath
|
1050 ft²
|
$104,900
2 Bed
2 Bath
1050 ft²
|
$101,500
-3.24%
02/28/1996
|
Jane Beader
MACK Realty Group
| |
|
11/18/1994
|
1 Bed
|
1 Bath
|
910 ft²
|
$79,000
1 Bed
1 Bath
910 ft²
|
$79,000
04/05/1995
|
Thomas Lynch
A. James Lynch, Inc.
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017