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Peabody 01960 Proctor
27 Forest St
$500,000
● House - Off Market

27 Forest St

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,155 Ft²
$526,756
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

DON'T MISS this incredible opportunity to make this your very own 4 bedroom, 1 bath Cape in the  highly desired Town of Peabody! This property oozes potential!  Enjoy the sun filled kitchen with access to the living room. Freshly sealed hardwood floors finish out the second floor. An expansive, fenced backyard  with a large storage shed, is perfect for entertainment! Don't worry about the winter and scraping snow off your car as this home has an attached One Car garage.  With proximity to 95 and Rt125, Northshore Mall, along with all the attractions of Peabody and Salem, this home is perfect for your personal updates. Own a piece of the American Dream in a most desirable location. EASY TO SHOW JUST BOOK THRU SHOWING TIME. PROPERTY BEING SOLD "AS IS".  BRING YOUR CHECKBOOK AS YOU WILL NOT WANT TO MISS THIS GEM!!
Unit Size
1,155 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$424
Property Type
House
Property Taxes
$310
HOA Dues
-
Year Built
1949

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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 #73040534)

Price History

Date / Event Date Event Price
Dec 2, 2022 Sold
Premium
Sold
Nov 2, 2022 In contract -
In contract
Sep 23, 2022 Listed by Lillian Montalto Signature Properties $489,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 1,275
  • Gross Building Area: 1,275
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,275
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: 8622
  • Parcel: PEAB M:0073 B:0130
  • Block: 130
  • Municipality: PEABODY
  • Latitude: 42.53
  • Longitude: -70.949

    Address

  • Full Address: 27 Forest St
  • Address - House Number: 27
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C032
  • 4-Digit Zip Code: 4138
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $400,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 521,307
  • High Value: 562,863
  • Low Value: 479,752

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,900
  • Assessed Land Value: $208,300
  • Assessed Improvements Value: $230,600

    Sales

  • Current Sale Contract Date: Dec 02, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221202003790
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:

$599,900

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1730 ft²

Average Home Age

78.4 years

Currently For Sale

16 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# 73040534

Frequently Asked Questions

When was property at 27 Forest Street built and last sold?
The property at 27 Forest Street was built in 1949 and last sold on Dec 2, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 27 Forest Street is $492,692.
What are some comparable homes to 27 Forest Street?
There are currently no comparable homes to 27 Forest Street.
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