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Peabody 01960 Proctor
21 Summit Terrace
$475,000
● House - Off Market

21 Summit Terrace

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,720 Ft²
$593,345
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Enjoy this well maintained Cape featuring an outdoor in ground pool just in time for Summer. Fully finished basement with an additional potential Bedroom , Bonus room, bathroom and lots of bright light in the sunroom with full access to the pool. First floor master bedroom leading into a beautifully updated bathroom that will be sure to please. Open concept Updated kitchen with granite counters and stainless steel appliances leading into the living room making it perfect for entertaining. Two additional bedrooms on the second floor. Controlled Showings on Saturday from 12:00pm to 3:00pm and Sunday from 2:00pm-4:00pm. There will be Agent on site to assist with showings and MUST have a Mask and Gloves. Offers if any will be due OnTuesday June 9, 2020 by 5:00pm
Unit Size
1,720 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$256
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1950

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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: 5 months ago (MLSPIN #72667785)

Price History

Date / Event Date Event Price
Jul 17, 2020 Sold
Premium
Sold
Jun 4, 2020 Listed by Cameron Prestige, LLC $440,000
Listed by Cameron Prestige, LLC
Nov 15, 2017 Sold
Premium
Sold
Sep 6, 2017 Listed by Cameron Prestige, LLC $409,900
Listed by Cameron Prestige, LLC
Aug 27, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,177
  • Total Building Area: 1,234
  • Gross Building Area: 1,234
  • Building Area: 1,234
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,234
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONIFER HILL EXEC CON
  • Land Acres: 0000000142
  • 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: 210402

Zoning

  • Zoning: R1A

Geography

  • Account Number: 8514
  • Parcel: PEAB M:0073 B:0025
  • Block: 25
  • Municipality: PEABODY
  • Latitude: 42.5312
  • Longitude: -70.9501

    Address

  • Full Address: 21 Summit Ter
  • Address - House Number: 21
  • Address - Street Name: Summit
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C019
  • 4-Digit Zip Code: 4023
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $463,800

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 644,134
  • High Value: 755,293
  • Low Value: 532,974

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,600
  • Assessed Land Value: $229,000
  • Assessed Improvements Value: $279,600

    Sales

  • Current Sale Contract Date: Jul 02, 2020
  • Current Sale Recording Date: Jul 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200717002450
  • Previous Sale Recording Date: Nov 15, 2017
  • Previous Sale Amount: $391,000
  • Previous Sale Document Type: O
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 Proctor

Stats & Trends

Median Asking:

$602,000

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1774 ft²

Average Home Age

67.4 years

Currently For Sale

20 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: 5 months ago
Data Source: MLS PIN, MLS# 72667785

Frequently Asked Questions

When was property at 21 Summit Terrace built and last sold?
The property at 21 Summit Terrace was built in 1950 and last sold on Jul 2, 2020 for $475,000.
How much is this home worth?
The estimated value of the home located at 21 Summit Terrace is $457,909.
What are some comparable homes to 21 Summit Terrace?
There are currently no comparable homes to 21 Summit Terrace.
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