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Peabody 01960 South Peabody
2 Litchfield Road
$437,500
● House - Off Market

2 Litchfield Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,112 Ft²
$954,308
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model

About This Property

7 room, 3 BR, 2 1/2 bath colonial built in 1997.  Lots of amenities including large eat in kitchen with extra cabinets, cathedral ceiling family room with gas fireplace.  Oversized heated 2 car garage with unfinished bonus room above, sprinkler system, jacuzzi tub, French doors and so much more.  Call now to see all this home has to offer.
Unit Size
2,112 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$213
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
1997

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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 #71345025)

Price History

Date / Event Date Event Price
Apr 20, 2012 Sold
Premium
Sold
Feb 29, 2012 Listed by Coldwell Banker Residential Brokerage - Lynnfield $449,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Dec 5, 1997 Sold
Premium
Sold
Sep 16, 1997 Listed $314,900
Listed
PHASE II LYNNFIELD ESTATES ELEGANT COLONIAL TO BE BUILT MANY FEATURES INCLUDING MASTER BEDROOM SUITE AND STUDY OTHER LOTS AND STYLES AVAIL.
Jun 27, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 308
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,112
  • Gross Building Area: 2,112
  • Building Area: 2,112
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LITCHFIELD CO INC
  • Land Acres: 0000000230
  • 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: 210500

Zoning

  • Zoning: R1

Geography

  • Account Number: 13410
  • Parcel: PEAB M:0106 B:0086
  • Block: 86
  • Municipality: PEABODY
  • Latitude: 42.5104
  • Longitude: -70.9739

    Address

  • Full Address: 2 Litchfield Rd
  • Address - House Number: 2
  • Address - Street Name: Litchfield
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C002
  • 4-Digit Zip Code: 4913
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $689,700

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 888,221
  • High Value: 1,029,043
  • Low Value: 747,399

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $756,300
  • Assessed Land Value: $297,500
  • Assessed Improvements Value: $458,800

    Sales

  • Current Sale Recording Date: Apr 20, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jun 27, 1997
  • Previous Sale Amount: $259,900
  • 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

$405

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1943 ft²

Average Home Age

78.5 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: 4 months ago
Data Source: MLS PIN, MLS# 71345025

Frequently Asked Questions

When was property at 2 Litchfield Road built and last sold?
The property at 2 Litchfield Road was built in 1997 and last sold on Jan 1, 1970 for $437,500.
How much is this home worth?
The estimated value of the home located at 2 Litchfield Road is $472,446.
What are some comparable homes to 2 Litchfield Road?
There are currently no comparable homes to 2 Litchfield Road.
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