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Peabody 01960 West Peabody
22 Pine St
$555,000
● House - Off Market

22 Pine St

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,118 Ft²
$593,953
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

This house has been cleverly reconfigured from a 3-bedroom floorpan to create an open-layout floorplan with a generously sized primary bedroom. The primary bedroom runs front to back of house and features an en-suite bath and sitting area. The core areas are especially inviting and flow naturally out to an expansive screened porch and fenced in yard with several garden areas, plus an unexpected, elevated siting area in the upper yard. Basement has remarkably high ceilings. Many updates inside and out, including boiler, outdoor shed, stone walkway and front steps, and more. Primely located for easy access to commuter routes, and in a quiet, private setting. Two additional parking spaces to right side of lot. Open house times-Friday 4-6pm, Saturday 12-2:30pm, Sunday 12-1:30. Offers due Tuesday at noon.
Unit Size
1,118 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$500
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1970

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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 #73033218)

Price History

Date / Event Date Event Price
Oct 26, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Relisted $379,000
Relisted
Sep 16, 2022 In contract -
In contract
Sep 7, 2022 Listed by Compass $559,000
Listed by Compass
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Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 17
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,590
  • Total Building Area: 1,118
  • Gross Building Area: 1,118
  • Building Area: 1,118
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,118
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000519
  • 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: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 5323
  • Parcel: PEAB M:0047 B:0028
  • Block: 28
  • Municipality: PEABODY
  • Latitude: 42.5427
  • Longitude: -70.9904

    Address

  • Full Address: 22 Pine St
  • Address - House Number: 22
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C043
  • 4-Digit Zip Code: 2404
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $492,000

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 594,598
  • High Value: 702,908
  • Low Value: 486,287

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,500
  • Assessed Land Value: $293,400
  • Assessed Improvements Value: $246,100

    Sales

  • Current Sale Contract Date: Oct 26, 2022
  • Current Sale Recording Date: Oct 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221026000860
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Amount: $364,500
  • 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 West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2537 ft²

Average Home Age

48.3 years

Currently For Sale

7 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# 73033218

Frequently Asked Questions

When was property at 22 Pine Street built and last sold?
The property at 22 Pine Street was built in 1970 and last sold on Oct 26, 2022 for $560,000.
How much is this home worth?
The estimated value of the home located at 22 Pine Street is $556,152.
What are some comparable homes to 22 Pine Street?
There are currently no comparable homes to 22 Pine Street.
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