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Peabody 01960 Peabody Town Center
2 Milk Street Ext
$290,000
● House - Off Market

2 Milk Street Ext

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,708 Ft²
$546,304
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

.Sunny & bright 3 bedroom ranch located on a quiet side-street -  convenient to everything including playground, elementary school & golf coarse.This lovely home features hardwood floors, new replacement windows, spacious eat- in kitchen, great closet space & inviting enclosed porch. The walk-out lower level has a large finished family room , laundry room & many storage closets.!  Large fenced in yard - Nothing to do but move-in & enjoy! Subject to sellers finding suitable housing.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$176
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1952

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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: 5 months ago (MLSPIN #71755601)

Price History

Date / Event Date Event Price
Dec 5, 2014 Sold
Premium
Sold
Oct 10, 2014 Listed by The Thomson Companies $299,900
Listed by The Thomson Companies
May 31, 2012 Sold
Premium
Sold
Apr 19, 2012 Listed by The Thomson Companies $249,900
Listed by The Thomson Companies

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • 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: 120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,708
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEADOBY
  • Land Acres: 0000000207
  • 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: 210302

Zoning

  • Zoning: R1

Geography

  • Account Number: 13011
  • Parcel: PEAB M:0104 B:0043
  • Block: 43
  • Municipality: PEABODY
  • Latitude: 42.5171
  • Longitude: -70.9277

    Address

  • Full Address: 2 Milk St
  • Address - House Number: 2
  • Address - Street Name: Milk
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C041
  • 4-Digit Zip Code: 6145
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $438,400

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 620,381
  • High Value: 734,713
  • Low Value: 506,050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $480,700
  • Assessed Land Value: $223,000
  • Assessed Improvements Value: $257,700

    Sales

  • Current Sale Recording Date: Dec 05, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1.20E+8
  • Previous Sale Recording Date: May 31, 2012
  • Previous Sale Amount: $259,000
  • 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 Peabody Town Center

Stats & Trends

Median Asking:

$579,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1534 ft²

Average Home Age

76.1 years

Currently For Sale

16 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: 5 months ago
Data Source: MLS PIN, MLS# 71755601

Frequently Asked Questions

When was property at 2 Milk Street built and last sold?
The property at 2 Milk Street was built in 1952 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 2 Milk Street is $321,744.
What are some comparable homes to 2 Milk Street?
There are currently no comparable homes to 2 Milk Street.
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