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Peabody 01960 South Peabody
2 Sterling Ave
$540,000
● House - Off Market

2 Sterling Ave

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,112 Ft²
$534,135
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Welcome home to this well maintained home nestled in a quiet spot in South Peabody. Pride of ownership is apparent throughout with new floors! This 3 bedroom, 1 bath home is move in ready and the only home on the street! The back and side yard abuts conservation land with wildlife that you can see from the comfort of your home. Private porch on the side for entertaining and plenty of parking on the street which the city plows!  This property will not last!
Unit Size
1,112 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$450
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1920

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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 #72937796)

Price History

Date / Event Date Event Price
Feb 25, 2022 Sold
Premium
Sold
Jan 29, 2022 Listed by Barry Realty Group $499,900
Listed by Barry Realty Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 424
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,112
  • Gross Building Area: 1,112
  • Building Area: 1,112
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OVERLEA
  • Land Acres: 0000000115
  • 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: 15557
  • Parcel: PEAB M:0124 B:0192
  • Block: 192
  • Municipality: PEABODY
  • Latitude: 42.4961
  • Longitude: -70.9533

    Address

  • Full Address: 2 Sterling Ave
  • Address - House Number: 2
  • Address - Street Name: Sterling
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C009
  • 4-Digit Zip Code: 6624
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $460,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1633
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 594,958
  • High Value: 692,149
  • Low Value: 497,766

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,500
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $284,500

    Sales

  • Current Sale Contract Date: Feb 25, 2022
  • Current Sale Recording Date: Feb 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220225001760
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

$400

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1909 ft²

Average Home Age

88.1 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: 5 months ago
Data Source: MLS PIN, MLS# 72937796

Frequently Asked Questions

When was property at 2 Sterling Avenue built and last sold?
The property at 2 Sterling Avenue was built in 1920 and last sold on Feb 25, 2022 for $540,000.
How much is this home worth?
The estimated value of the home located at 2 Sterling Avenue is $505,147.
What are some comparable homes to 2 Sterling Avenue?
There are currently no comparable homes to 2 Sterling Avenue.
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