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Peabody 01960 West Peabody
2 Monson Drive
$395,000
● House - Off Market

2 Monson Drive

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,884 Ft²
$671,259
RealtyHop Estimate
61.75%
Since Mar 1, 2017
MA-Boston
Primary Model

About This Property

Expanded West Peabody Ranch located in highly desirable neighborhood on large, flat lot. This home features 4 bedrooms, 2.5 baths, and nice family room addition. The kitchen has been updated. Great floor plan with large rooms.  Attached one car garage.  Fantastic, private back yard. Good systems. Some cosmetic updating needed.
Unit Size
1,884 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$220
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1967

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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: 6 months ago (MLSPIN #72100656)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Jul 28, 2021 Listed by Keller Williams Realty Evolution $669,000
Listed by Keller Williams Realty Evolution
Feb 24, 2017 Sold
Premium
Sold
Dec 11, 2016 Listed by Keller Williams Realty Evolution $415,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,751
  • Total Building Area: 1,884
  • Gross Building Area: 1,884
  • Building Area: 1,884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,884
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000408
  • 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: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 4996
  • Parcel: PEAB M:0044 B:0092
  • Block: 92
  • Municipality: PEABODY
  • Latitude: 42.5416
  • Longitude: -71.0117

    Address

  • Full Address: 2 Monson Dr
  • Address - House Number: 2
  • Address - Street Name: Monson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C040
  • 4-Digit Zip Code: 3549
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $632,100

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 788,080
  • High Value: 912,959
  • Low Value: 663,201

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,100
  • Assessed Land Value: $321,400
  • Assessed Improvements Value: $371,700

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210831007040
  • Previous Sale Recording Date: Feb 24, 2017
  • Previous Sale Amount: $395,000
  • 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 West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2203 ft²

Average Home Age

52.5 years

Currently For Sale

8 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: 6 months ago
Data Source: MLS PIN, MLS# 72100656

Frequently Asked Questions

When was property at 2 Monson Drive built and last sold?
The property at 2 Monson Drive was built in 1967 and last sold on Aug 31, 2021 for $690,000.
How much is this home worth?
The estimated value of the home located at 2 Monson Drive is $670,200.
What are some comparable homes to 2 Monson Drive?
There are currently no comparable homes to 2 Monson Drive.
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