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Peabody 01960 West Peabody
24 Broad Street
$538,000
● House - Off Market

24 Broad Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$649,366
RealtyHop Estimate
19.61%
Since Apr 1, 2021
MA-Boston
Primary Model

About This Property

West Peabody! Turnkey Mid-Century charmer on almost a half acre is move-in and live-in ready for the 21st Century complete with a new roof and a fully open concept layout featuring hardwood floors throughout, a front-to-back living-dining area with a brick-front, wood-burning fireplace and a grand-sized eat-In kitchen with granite countertops. In addition to 3 bedrooms, this spacious Ranch offers a partially finished full basement with a workshop and/or home office. Or transform the heated 1-car garage into an office. The choice is yours and you can still park at least 10 cars in the 2 paved driveways. A roomy patio, oversize deck and a sprawling backyard make for delightful outdoor entertaining. Call today for an appointment!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$452
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1951

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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 years ago (MLSPIN #72749893)

Price History

Date / Event Date Event Price
Mar 5, 2021 Sold
Premium
Sold
Oct 28, 2020 Listed by LAER Realty Partners $542,900
Listed by LAER Realty Partners
Mar 31, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,003
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000459
  • 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: 5242
  • Parcel: PEAB M:0046 B:0085
  • Block: 85
  • Municipality: PEABODY
  • Latitude: 42.5413
  • Longitude: -70.9915

    Address

  • Full Address: 24 Broad St
  • Address - House Number: 24
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C043
  • 4-Digit Zip Code: 2402
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $530,200

    Appraisal Valuation

  • Standard Deviation: 0.1586
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 639,200
  • High Value: 750,093
  • Low Value: 528,306

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $581,400
  • Assessed Land Value: $323,500
  • Assessed Improvements Value: $257,900

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210305002790
  • Previous Sale Recording Date: Mar 31, 2003
  • Previous Sale Amount: $367,000
  • 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 West Peabody

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2193 ft²

Average Home Age

52.7 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: 5 years ago
Data Source: MLS PIN, MLS# 72749893

Frequently Asked Questions

When was property at 24 Broad Street built and last sold?
The property at 24 Broad Street was built in 1951 and last sold on Mar 5, 2021 for $538,000.
How much is this home worth?
The estimated value of the home located at 24 Broad Street is $0.
What are some comparable homes to 24 Broad Street?
There are currently no comparable homes to 24 Broad Street.
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