For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Peabody 01960 South Peabody
20 Rainbow Rd
$347,000
● House - Off Market

20 Rainbow Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$689,658
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

Check off your "wish list" here... open concept three bedroom Colonial style home with updated kit, large master bdrm , walk-in closet, two closets in the second bdrm, formal DR with fireplace, front to back LR, hardwood floors,and more as well as a large fenced in level yard with two sheds, above ground pool and deck! A finished basement adds to your check list with a ceramic tile floor and walk out feature to the yard.. Did we mention location? Close to malls, rts 1, 95 and 128 .Don't wait
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$222
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1949

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #71504265)

Price History

Date / Event Date Event Price
May 22, 2013 Sold
Premium
Sold
Apr 5, 2013 Listed by Martel Real Estate $354,900
Listed by Martel Real Estate
Apr 28, 1989 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,003
  • Total Building Area: 1,600
  • Gross Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,600
  • 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: R1A

Geography

  • Account Number: 14212
  • Parcel: PEAB M:0109 B:0223
  • Block: 223
  • Municipality: PEABODY
  • Latitude: 42.5115
  • Longitude: -70.9436

    Address

  • Full Address: 20 Rainbow Rd
  • Address - House Number: 20
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5722
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $528,100

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 678,267
  • High Value: 785,402
  • Low Value: 571,132

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $579,100
  • Assessed Land Value: $227,600
  • Assessed Improvements Value: $351,500

    Sales

  • Current Sale Recording Date: May 22, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 369
  • Previous Sale Recording Date: Apr 28, 1989
  • Previous Sale Amount: $158,000
  • 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

$410

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2212 ft²

Average Home Age

70.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71504265

Frequently Asked Questions

When was property at 20 Rainbow Road built and last sold?
The property at 20 Rainbow Road was built in 1949 and last sold on Jan 1, 1970 for $347,000.
How much is this home worth?
The estimated value of the home located at 20 Rainbow Road is $369,200.
What are some comparable homes to 20 Rainbow Road?
There are currently no comparable homes to 20 Rainbow Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Peabody Homes for Sale
Peabody Houses for Sale
Peabody Condos for Sale
Peabody Multifamily for Sale
Peabody Land for Sale
Peabody Commercial for Sale
Peabody Homes with Basements
Peabody Homes with Pools
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Plymouth County, MA Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Peabody Town Center Real Estate
Salem Neck Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Top Real Estate Agents
Top Agents in South Peabody
Top Agents in Peabody
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Medford