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Peabody 01960 South Peabody
2 Sunset Drive
$242,000
● House - Off Market

2 Sunset Drive

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath
square feet
864 Ft²
$477,234
RealtyHop Estimate
94.87%
Since Apr 1, 2004
MA-Boston
Primary Model

About This Property

AWAITING YOUR UPDATES & IMAGINATION THIS CLASSIC CAPE HAS A NEW HEATING & CNTRL AIR COND. SYS.,A NEW STOVE AS WELL AS FRESHLY PAINTD WALLS & CEILINGS;LR BOASTS A BOW WNDW & WOOD BRNING FP;WLK-UP ATTIC READY FOR EXPANSION,HW FLRS/1ST FLR
Unit Size
864 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$283
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1951

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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: 6 months ago (MLSPIN #30813645)

Price History

Date / Event Date Event Price
May 11, 2004 Sold
Premium
Sold
Mar 23, 2004 Sold
Premium
Sold
Feb 15, 2004 Listed by Coldwell Banker Residential Brokerage - Andover $244,900
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,102
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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: 15339
  • Parcel: PEAB M:0121 B:0077
  • Block: 77
  • Municipality: PEABODY
  • Latitude: 42.5024
  • Longitude: -70.9514

    Address

  • Full Address: 2 Sunset Dr
  • Address - House Number: 2
  • Address - Street Name: Sunset
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C015
  • 4-Digit Zip Code: 6610
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $383,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.19
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 522,025
  • High Value: 621,275
  • Low Value: 422,775

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $420,300
  • Assessed Land Value: $244,500
  • Assessed Improvements Value: $175,800

    Sales

  • Current Sale Recording Date: May 11, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 23, 2004
  • Previous Sale Amount: $242,000
  • 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 South Peabody

Stats & Trends

Median Asking:

$662,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1555 ft²

Average Home Age

96.9 years

Currently For Sale

14 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: 6 months ago
Data Source: MLS PIN, MLS# 30813645

Frequently Asked Questions

When was property at 2 Sunset Drive built and last sold?
The property at 2 Sunset Drive was built in 1951 and last sold on Jan 1, 1970 for $242,500.
How much is this home worth?
The estimated value of the home located at 2 Sunset Drive is $255,865.
What are some comparable homes to 2 Sunset Drive?
There are currently no comparable homes to 2 Sunset Drive.
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