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Peabody 01960 South Peabody
20 Tara Rd
$825,000
● House - Off Market

20 Tara Rd

Peabody, MA 01960
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,768 Ft²
$1,128,231
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Welcome home to this quiet, impeccably maintained,  5 bedroom home with an additional bedroom in the legal in-law apartment. This property sits on a lot just shy of 1 acre with conservation land behind. This spacious home offers everything from a quiet corner to read to a large kitchen/dining area that is perfect for entertaining. Located in the heart of South Peabody this mature neighborhood is a great place to raise a family and the in law apartment provides a sizable area for a family member or au pair suite. Pride of ownership is apparent throughout this home with professional landscaping, multi-tiered decks in back including a hot tub, 2 car garage and plenty of off street parking. All this with mortgage rates at historic lows makes it a great time to own. DO NOT MISS OUT ON THIS ONE!
Unit Size
3,768 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$226
Property Type
House
Property Taxes
$593
HOA Dues
-
Year Built
1992

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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 #72702852)

Price History

Date / Event Date Event Price
Oct 2, 2020 Sold
Premium
Sold
Aug 20, 2020 Sold
Premium
Sold
Aug 3, 2020 Listed by Barry Realty Group $849,900
Listed by Barry Realty Group
Sep 4, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 312
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 26,214
  • Total Building Area: 3,768
  • Gross Building Area: 3,768
  • Building Area: 3,768
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,768
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000602
  • 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: 210500

Zoning

  • Zoning: R1

Geography

  • Account Number: 13951
  • Parcel: PEAB M:0108 B:0371
  • Block: 371
  • Municipality: PEABODY
  • Latitude: 42.5102
  • Longitude: -70.9606

    Address

  • Full Address: 20 Tara Rd
  • Address - House Number: 20
  • Address - Street Name: Tara
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C039
  • 4-Digit Zip Code: 6262
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $921,100

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,067,435
  • High Value: 1,236,670
  • Low Value: 898,199

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,010,000
  • Assessed Land Value: $329,400
  • Assessed Improvements Value: $680,600

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Oct 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201002005750
  • Previous Sale Recording Date: Sep 04, 1992
  • Previous Sale Amount: $115,000
  • 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

$407

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2130 ft²

Average Home Age

79.5 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# 72702852

Frequently Asked Questions

When was property at 20 Tara Road built and last sold?
The property at 20 Tara Road was built in 1992 and last sold on Sep 29, 2020 for $825,000.
How much is this home worth?
The estimated value of the home located at 20 Tara Road is $856,387.
What are some comparable homes to 20 Tara Road?
There are currently no comparable homes to 20 Tara Road.
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