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Peabody 01960 West Peabody
2 Stone Dr
$730,000
● House - Off Market

2 Stone Dr

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,856 Ft²
$683,222
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

This property is an absolute gem.  The house is set at the beginning of a quiet street on a corner lot.  Beautifully landscaped with a large private fenced in backyard.  Inside this home the upper level features hardwood floors throughout along with 3 spacious bedrooms and a full bathroom.  The sundrenched living room with fireplace connects to a spacious dining room along with a gorgeous kitchen and modern appliances.  The lower finished level features a large family room and an extra bedroom across from a  full bathroom with laundry.  Relax yourself and entertain your guests in sun on the large deck overseeing a spectacular backyard.  Make this home yours!
Unit Size
1,856 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$366
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1965

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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 #73104530)

Price History

Date / Event Date Event Price
May 30, 2023 Sold
Premium
Sold
Apr 30, 2023 In contract -
In contract
Apr 28, 2023 Listed by Escalate Real Estate $680,000
Listed by Escalate Real Estate
Dec 1, 1983 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 660
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,718
  • Total Building Area: 1,856
  • Gross Building Area: 1,856
  • Building Area: 1,856
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,856
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY SHORE REALTY TRUST
  • Land Acres: 0000000384
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 1728
  • Parcel: PEAB M:0009 B:0051
  • Block: 51
  • Municipality: PEABODY
  • Latitude: 42.5598
  • Longitude: -71.0131

    Address

  • Full Address: 2 Stone Dr
  • Address - House Number: 2
  • Address - Street Name: Stone
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C027
  • 4-Digit Zip Code: 1124
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,200

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 713,565
  • High Value: 826,275
  • Low Value: 600,854

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $600,000
  • Assessed Land Value: $304,400
  • Assessed Improvements Value: $295,600

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230530001990
  • Previous Sale Recording Date: Dec 01, 1983
  • Previous Sale Amount: $102,500
  • 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:

$732,500

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

51

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 months ago
Data Source: MLS PIN, MLS# 73104530

Frequently Asked Questions

When was property at 2 Stone Drive built and last sold?
The property at 2 Stone Drive was built in 1965 and last sold on May 30, 2023 for $730,000.
How much is this home worth?
The estimated value of the home located at 2 Stone Drive is $693,590.
What are some comparable homes to 2 Stone Drive?
There are currently no comparable homes to 2 Stone Drive.
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