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Peabody 01960 South Peabody
2 Myles Road
Photo of 2 Myles Road
Sold on May 25, 2007

1

Map

$393,000
● House - Off Market

2 Myles Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$745,752
RealtyHop Estimate
86.91%
Since Jun 1, 2007
MA-Boston
Primary Model

About This Property

Simply beautiful and elegant describe this 3 bedroom ranch completely renovated and all updated.  This home sits on a corner lot,open floor plan,farmers porch,brick patio,hard wood floors,2 fireplaces,central A/C,3 zoned new(03)heating,new vinyl siding(05),new windows,new exterior doors,new roof,200 amp electrical and new hot water tank.  The finished lower level features a fabulous bar for entertaining plus a large media/office/playroom. Professionally landscaped with an irrigation system!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$200
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1960

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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 #70539409)

Price History

Date / Event Date Event Price
May 25, 2007 Sold
Premium
Sold
Mar 13, 2007 Listed $399,000
Listed
Jun 30, 1999 Sold
Premium
Sold
Apr 1, 1999 Listed $194,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,460
  • Total Building Area: 1,347
  • Gross Building Area: 1,347
  • Building Area: 1,347
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,347
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • 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: 210600

Zoning

  • Zoning: R1A

Geography

  • Account Number: 15304
  • Parcel: PEAB M:0121 B:0039
  • Block: 39
  • Municipality: PEABODY
  • Latitude: 42.5004
  • Longitude: -70.9505

    Address

  • Full Address: 2 Myles Rd
  • Address - House Number: 2
  • Address - Street Name: Myles
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C015
  • 4-Digit Zip Code: 6644
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $514,300

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 680,443
  • High Value: 798,492
  • Low Value: 562,395

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $563,900
  • Assessed Land Value: $231,100
  • Assessed Improvements Value: $332,800

    Sales

  • Current Sale Recording Date: May 25, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 30, 1999
  • Previous Sale Amount: $194,900
  • 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

$403

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2244 ft²

Average Home Age

71 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70539409

Frequently Asked Questions

When was property at 2 Myles Road built and last sold?
The property at 2 Myles Road was built in 1960 and last sold on Jan 1, 1970 for $393,000.
How much is this home worth?
The estimated value of the home located at 2 Myles Road is $419,204.
What are some comparable homes to 2 Myles Road?
There are currently no comparable homes to 2 Myles Road.
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