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Peabody 01960 Proctor
2 Ridgefield Ave
$665,000
● House - Off Market

2 Ridgefield Ave

Peabody, MA 01960
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,012 Ft²
$961,262
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

It is finally here! Two houses for the price of one. A fully permitted inlaw ( FALA certified ) from the city of Peabody. The second level was added in 2001. This well maintained 3000 sq. ft. home boasts 6 bedrooms 2.5 baths, Central Air, 2 car garage, and in-ground pool all situated on a nicely landscaped lot. Vaulted ceilings and walk-in closet in the master bedroom suite and a large attic for any additional storage needs. The updated kitchens, irrigation and security systems add to the value of this home. Easy commute to malls, restaurants, and highway access. Don't miss this opportunity to own a home with room for the whole family!
Unit Size
3,012 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$224
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1958

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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 #72552613)

Price History

Date / Event Date Event Price
Oct 10, 2019 Sold
Premium
Sold
Aug 21, 2019 Listed by Century 21 North East $675,000
Listed by Century 21 North East
Apr 30, 1996 Sold
Premium
Sold
Jan 30, 1996 Listed by Century 21 North East $169,000
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,402
  • Total Building Area: 3,012
  • Gross Building Area: 3,012
  • Building Area: 3,012
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,012
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEFIELD PEABODY
  • Land Acres: 0000000239
  • 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: R1B

Geography

  • Account Number: 6812
  • Parcel: PEAB M:0061 B:0002
  • Block: 2
  • Municipality: PEABODY
  • Latitude: 42.5346
  • Longitude: -70.9557

    Address

  • Full Address: 2 Ridgefield Ave
  • Address - House Number: 2
  • Address - Street Name: Ridgefield
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C048
  • 4-Digit Zip Code: 2709
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $738,700

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 902,081
  • High Value: 1,044,383
  • Low Value: 759,779

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $810,000
  • Assessed Land Value: $299,200
  • Assessed Improvements Value: $510,800

    Sales

  • Current Sale Contract Date: Oct 07, 2019
  • Current Sale Recording Date: Oct 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191010002170
  • Previous Sale Recording Date: Apr 30, 1996
  • Previous Sale Amount: $163,000
  • 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 Proctor

Stats & Trends

Median Asking:

$599,999

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1777 ft²

Average Home Age

69.8 years

Currently For Sale

18 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: 5 months ago
Data Source: MLS PIN, MLS# 72552613

Frequently Asked Questions

When was property at 2 Ridgefield Avenue built and last sold?
The property at 2 Ridgefield Avenue was built in 1958 and last sold on Oct 7, 2019 for $665,000.
How much is this home worth?
The estimated value of the home located at 2 Ridgefield Avenue is $676,766.
What are some comparable homes to 2 Ridgefield Avenue?
There are currently no comparable homes to 2 Ridgefield Avenue.
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