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Peabody 01960 Peabody Town Center
28 Union St
$551,500
● House - Off Market

28 Union St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,170 Ft²
$529,249
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Home Sweet Home!  This 3 bedroom 1.5 bath Colonial offers a spacious living room with hardwood floors that extend and open to the kitchen area.  The kitchen features granite countertops, tile backsplash, wine rack, lots of cabinet space and a slider leading to the deck.  The leveled, fenced in yard with built-in stoned fire pit and seating is perfect for outdoor entertaining.  Completing the first floor is a half bath with laundry.  Upstairs has three bedrooms with hardwood floors and a full bath.  Plenty of storage in the full basement as well as the attic.  Conveniently located to dining, shopping, highways and public transportation.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$444
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72943126)

Price History

Date / Event Date Event Price
Apr 26, 2022 Sold
Premium
Sold
Feb 16, 2022 Listed by RE/MAX 360 $519,000
Listed by RE/MAX 360
Jan 29, 2021 Sold
Premium
Sold
Nov 24, 2020 Listed by RE/MAX 360 $439,000
Listed by RE/MAX 360
Jan 25, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2012
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,110
  • Total Building Area: 1,170
  • Gross Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000117
  • 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: 9662
  • Parcel: PEAB M:0076 B:0086
  • Block: 86
  • Municipality: PEABODY
  • Latitude: 42.5293
  • Longitude: -70.9207

    Address

  • Full Address: 28 Union St
  • Address - House Number: 28
  • Address - Street Name: Union
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C006
  • 4-Digit Zip Code: 4432
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $437,200

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 575,129
  • High Value: 681,121
  • Low Value: 469,137

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,400
  • Assessed Land Value: $202,100
  • Assessed Improvements Value: $277,300

    Sales

  • Current Sale Contract Date: Mar 16, 2022
  • Current Sale Recording Date: Apr 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 21
  • Current Sale Input Document Number: 20220426000250
  • Previous Sale Recording Date: Apr 21, 2022
  • Previous Sale Contract Date: Apr 21, 2022
  • Previous Sale Amount: $565,000
  • 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 Peabody Town Center

Stats & Trends

Median Asking:

$555,000

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1640 ft²

Average Home Age

73.4 years

Currently For Sale

15 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# 72943126

Frequently Asked Questions

When was property at 28 Union Street built and last sold?
The property at 28 Union Street was built in 1940 and last sold on Mar 16, 2022 for $551,500.
How much is this home worth?
The estimated value of the home located at 28 Union Street is $521,166.
What are some comparable homes to 28 Union Street?
There are currently no comparable homes to 28 Union Street.
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