For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Peabody 01960 Proctor
24 Reed Rd
$550,000
● House - Off Market

24 Reed Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,360 Ft²
$558,749
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Don't miss out on this move-in ready 3 bedroom, 1 bath home in the desirable Centerfield neighborhood of Peabody. Notable features include an updated kitchen with granite countertops and stainless steel appliances, a bathroom remodel in 2020, a bonus den/family room and updated flooring throughout. Exterior details include new vinyl siding installed in 2020, a completely fenced in backyard with a brand new custom built patio and fire pit with built in lighting. This single level ranch in a highly sought after neighborhood is conveniently located near Route 128, Route 1, local shopping centers, and the Peabody rail trail.
Unit Size
1,360 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$404
Property Type
House
Property Taxes
$357
HOA Dues
-
Year Built
1958

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72964409)

Price History

Date / Event Date Event Price
Jun 30, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Blue Eagle Real Estate, LLC $549,900
Listed by Blue Eagle Real Estate, LLC
Oct 25, 2017 Sold
Premium
Sold
Jun 23, 2017 Listed by Blue Eagle Real Estate, LLC $346,900
Listed by Blue Eagle Real Estate, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,360
  • Gross Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEFIELD PEABODY
  • Land Acres: 0000000230
  • 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: 210302

Zoning

  • Zoning: R1B

Geography

  • Account Number: 6855
  • Parcel: PEAB M:0061 B:0045
  • Block: 45
  • Municipality: PEABODY
  • Latitude: 42.5341
  • Longitude: -70.9612

    Address

  • Full Address: 24 Reed Rd
  • Address - House Number: 24
  • Address - Street Name: Reed
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C048
  • 4-Digit Zip Code: 2707
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $469,600

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 609,276
  • High Value: 714,978
  • Low Value: 503,574

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $514,900
  • Assessed Land Value: $297,500
  • Assessed Improvements Value: $217,400

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220630001830
  • Previous Sale Recording Date: Oct 25, 2017
  • Previous Sale Amount: $347,000
  • 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:

$609,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1913 ft²

Average Home Age

79.8 years

Currently For Sale

11 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: 4 months ago
Data Source: MLS PIN, MLS# 72964409

Frequently Asked Questions

When was property at 24 Reed Road built and last sold?
The property at 24 Reed Road was built in 1958 and last sold on Jun 30, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 24 Reed Road is $546,592.
What are some comparable homes to 24 Reed Road?
There are currently no comparable homes to 24 Reed Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Peabody Homes for Sale
Peabody Houses for Sale
Peabody Condos for Sale
Peabody Multifamily for Sale
Peabody Land for Sale
Peabody Commercial for Sale
Peabody Homes with Basements
Peabody Homes with Pools
Nearby Cities
Lynn Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Plymouth County, MA Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Peabody Town Center Real Estate
Salem Neck Real Estate
Cliftondale Real Estate
West Medford Real Estate
Nearby Counties
Lynn Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Top Real Estate Agents
Top Agents in Proctor
Top Agents in Peabody
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970
Top Agents in Medford