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Peabody 01960 Peabody Town Center
24 Elm St
$365,000
● House - Off Market

24 Elm St

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,740 Ft²
$555,951
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Colonial Cottage with Post and Beam Ceilings, Three Fireplaces and a Bonus in-law in lower level with a separate entrance.  Open concept on the first floor with combo kitchen/dining Room.  Three bedrooms in the main part of house and one bedroom in the lower level which includes three rooms in total.  Three full baths, plenty of parking and a spacious yard. Newer vinyl siding, roof, kitchen; updated heating system and electrical.  Park on Elm street and walk up Berry Place to get to the driveway and the door to enter.
Unit Size
1,740 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$215
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1890

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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 #72279217)

Price History

Date / Event Date Event Price
May 23, 2018 Sold
Premium
Sold
Feb 8, 2018 Listed by Armstrong Field Real Estate $374,900
Listed by Armstrong Field Real Estate
Oct 21, 2015 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,859
  • Total Building Area: 1,341
  • Gross Building Area: 1,341
  • Building Area: 1,341
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,341
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • 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: 210800

Zoning

  • Zoning: R2

Geography

  • Account Number: 9465
  • Parcel: PEAB M:0075 B:0197-C
  • Block: 197-C
  • Municipality: PEABODY
  • Latitude: 42.5288
  • Longitude: -70.9247

    Address

  • Full Address: 24 Elm St
  • Address - House Number: 24
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C006
  • 4-Digit Zip Code: 4461
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $419,100

    Appraisal Valuation

  • Standard Deviation: 0.2406
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 581,756
  • High Value: 721,843
  • Low Value: 441,670

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $459,500
  • Assessed Land Value: $207,400
  • Assessed Improvements Value: $252,100

    Sales

  • Current Sale Recording Date: May 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180523003390
  • Previous Sale Recording Date: Oct 21, 2015
  • Previous Sale Amount: $288,561
  • Previous Sale Document Type: 55
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 Peabody Town Center

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1542 ft²

Average Home Age

82.2 years

Currently For Sale

22 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72279217

Frequently Asked Questions

When was property at 24 Elm Street built and last sold?
The property at 24 Elm Street was built in 1890 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 24 Elm Street is $393,528.
What are some comparable homes to 24 Elm Street?
There are currently no comparable homes to 24 Elm Street.
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