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Peabody 01960 South Peabody
2 Wheeler St
$330,000
● House - Off Market

2 Wheeler St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,536 Ft²
$635,505
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Want NEW? This house was completely renovated in 2004- EVERYTHING, framing, windows, roof, plumbing, electrical, insulation, and systems and it shows! Large open concept kitchen, living room, dinning area with hardwood floors, stainless appliances, even a wine cooler. Slider opens out to a huge screened porch and deck. Gorgeous fenced yard and a grill with piped gas for cookouts!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$217
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1800

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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 #71521323)

Price History

Date / Event Date Event Price
Jul 30, 2013 Sold
Premium
Sold
May 7, 2013 Listed by Keller Williams Realty Evolution $334,000
Listed by Keller Williams Realty Evolution
Dec 19, 2003 Sold
Premium
Sold
Nov 13, 2003 Listed by Keller Williams Realty Evolution $239,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • 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: 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: 5,998
  • Total Building Area: 1,536
  • Gross Building Area: 1,536
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: R2

Geography

  • Account Number: 10866
  • Parcel: PEAB M:0094 B:0126
  • Block: 126
  • Municipality: PEABODY
  • Latitude: 42.5202
  • Longitude: -70.9376

    Address

  • Full Address: 2 Wheeler St
  • Address - House Number: 2
  • Address - Street Name: Wheeler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C017
  • 4-Digit Zip Code: 5835
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $476,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 653,493
  • High Value: 756,715
  • Low Value: 550,271

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,400
  • Assessed Land Value: $208,300
  • Assessed Improvements Value: $314,100

    Sales

  • Current Sale Recording Date: Jul 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 465
  • Previous Sale Recording Date: Dec 19, 2003
  • Previous Sale Amount: $224,000
  • 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:

$649,900

Sale Price/ft²

$403

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2112 ft²

Average Home Age

75.5 years

Currently For Sale

15 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# 71521323

Frequently Asked Questions

When was property at 2 Wheeler Street built and last sold?
The property at 2 Wheeler Street was built in 1800 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 2 Wheeler Street is $350,298.
What are some comparable homes to 2 Wheeler Street?
There are currently no comparable homes to 2 Wheeler Street.
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