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Peabody 01960 Peabody Town Center
3 Clement Ave
$232,000
● House - Off Market

3 Clement Ave

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,406 Ft²
$206,196
RealtyHop Estimate
106.40%
Since Oct 1, 2012
MA-Boston
Primary Model

About This Property

BUYER LEFT COUNTRY..TO BE SOLD TO THE HIGHEST BIDDER AT ROUND ROBIN AUCTION..MAY BE SUBJECT TO SELLER LENDER APPROVAL. OPEN HOUSE BID PERIOD TO BE HELD JUNE 23 7 FROM 11-2 AND JUNE  24 FROM 12-2...STARTING BID 99,900. INSPECTION FOR INFORMATIONAL PURPOSES ONLY ..TO BE SOLD TO THE HIGHEST BIDDER SUNDAY EVENING JUNE 24. PLEASE DO NOT WALK THE PROPERTY UNTIL OPEN HOUSE ..AUC LIC # 02917 PREAPPROVAL AND OFFER MUST BE PRODUCED WITHIN 48 HOURS OF AUCTION. NOT A DRIVE BY
Unit Size
2,406 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$42
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1913

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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 #71349440)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Sep 12, 2012 Sold
Premium
Sold
Mar 10, 2012 Listed by Homeowners Assistance Program, LLC $99,900
Listed by Homeowners Assistance Program, LLC
Jul 26, 2007 Sold
Premium
Sold
May 8, 2007 Listed by Homeowners Assistance Program, LLC $339,900
Listed by Homeowners Assistance Program, LLC
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,651
  • Total Building Area: 2,406
  • Gross Building Area: 2,406
  • Building Area: 2,406
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,406
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000199
  • 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: 210700

Zoning

  • Zoning: R2

Geography

  • Account Number: 11436
  • Parcel: PEAB M:0095 B:0363
  • Block: 363
  • Municipality: PEABODY
  • Latitude: 42.5198
  • Longitude: -70.9286

    Address

  • Full Address: 3 Clement Ave
  • Address - House Number: 3
  • Address - Street Name: Clement
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C041
  • 4-Digit Zip Code: 6107
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $579,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 736,249
  • High Value: 852,542
  • Low Value: 619,955

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $635,100
  • Assessed Land Value: $222,700
  • Assessed Improvements Value: $412,400

    Sales

  • Current Sale Contract Date: Apr 28, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220429003730
  • Previous Sale Recording Date: Sep 12, 2012
  • Previous Sale Amount: $232,000
  • 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:

$582,500

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1899 ft²

Average Home Age

83.6 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

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: 4 months ago
Data Source: MLS PIN, MLS# 71349440

Frequently Asked Questions

When was property at 3 Clement Avenue built and last sold?
The property at 3 Clement Avenue was built in 1913 and last sold on Apr 28, 2022 for $117,000.
How much is this home worth?
The estimated value of the home located at 3 Clement Avenue is $147,694.
What are some comparable homes to 3 Clement Avenue?
There are currently no comparable homes to 3 Clement Avenue.
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