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Peabody 01960 West Peabody
2 Penn Road
$279,500
● House - Off Market

2 Penn Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,012 Ft²
$864,935
RealtyHop Estimate
210.01%
Since Apr 1, 2000
MA-Boston
Primary Model

About This Property

WELL MAINTAINED 44' SPLIT LOCATED IN W.PEABODY ON END OF CULD DE SAC. WOODSTOVE IN BASEMENT FAMILY ROOM, SLIDERS OFF DINING RM, ONTO DECK OVERLOOKING BACK YARD.
Unit Size
1,012 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$276
Property Type
House
Property Taxes
$150
HOA Dues
-
Year Built
1964

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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 years ago (MLSPIN #30383194)

Price History

Date / Event Date Event Price
May 5, 2000 Sold
Premium
Sold
Mar 25, 2000 Listed $279,900
Listed
MINT CONDITION SPLIT LOCATED ON CUL DE SAC IN WEST PEABODY. LOWER LEVEL FAMILY ROOM WITH WOODSTOVE, SLIDERS TO REAR DECK. NICE LOT.
Mar 7, 2000 Sold
Premium
Sold
Jan 22, 2000 Listed $279,000
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 42
  • 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: 360
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,999
  • Total Building Area: 1,372
  • Gross Building Area: 1,372
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POCAHONTAS FARMS SEC 02
  • Land Acres: 0000000574
  • 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: 2936
  • Parcel: PEAB M:0021 B:0012
  • Block: 12
  • Municipality: PEABODY
  • Latitude: 42.5517
  • Longitude: -71.0304

    Address

  • Full Address: 2 Penn Rd
  • Address - House Number: 2
  • Address - Street Name: Penn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C033
  • 4-Digit Zip Code: 3331
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $551,300

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 685,368
  • High Value: 800,661
  • Low Value: 570,074

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $604,500
  • Assessed Land Value: $328,300
  • Assessed Improvements Value: $276,200

    Sales

  • Current Sale Recording Date: Feb 13, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21300204
  • Previous Sale Recording Date: Feb 13, 2015
  • 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 West Peabody

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2193 ft²

Average Home Age

52.7 years

Currently For Sale

7 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 years ago
Data Source: MLS PIN, MLS# 30383194

Frequently Asked Questions

When was property at 2 Penn Road built and last sold?
The property at 2 Penn Road was built in 1964 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Penn Road is $0.
What are some comparable homes to 2 Penn Road?
There are currently no comparable homes to 2 Penn Road.
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