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Peabody 01960 West Peabody
3 Crossrip Ave
$524,900
● House - Off Market

3 Crossrip Ave

Peabody, MA 01960
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,268 Ft²
$911,316
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Desirable West Peabody. Very close proximity to Lynnfield.  This home was originally a ranch.  A two level adjacent addition was added with a 2 car garage in 2003.  The ranch section consists of 2 bedrooms, full bath, living room with fireplace, large kitchen and dining room.  The 2003 addition features a separate front door entrance with a large foyer and closet, first floor dining room with slider to rear of yard, living room and bath.  The second floor of the addition features 4 bedrooms and 2 baths.  This will beautifully accommodate a large or extended family situation or just fit the bill for someone wanting a large home in an area of beautiful homes. Two furnaces, newer roof and siding, keyless entry to garage, irrigation, central air.  Pride of ownership shows in this truly beautiful home.
Unit Size
3,268 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$161
Property Type
House
Property Taxes
$488
HOA Dues
-
Year Built
1951

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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 #71858743)

Price History

Date / Event Date Event Price
Aug 27, 2015 Sold
Premium
Sold
Jun 17, 2015 Listed by Coldwell Banker Residential Brokerage - Lynnfield $524,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 874
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 14,362
  • Total Building Area: 3,268
  • Gross Building Area: 3,268
  • Building Area: 3,268
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,268
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERRICK ESTATES INC
  • Land Acres: 0000000330
  • 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: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 4921
  • Parcel: PEAB M:0044 B:0012
  • Block: 12
  • Municipality: PEABODY
  • Latitude: 42.5395
  • Longitude: -71.0186

    Address

  • Full Address: 3 Crossrip Ave
  • Address - House Number: 3
  • Address - Street Name: Crossrip
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C040
  • 4-Digit Zip Code: 4614
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $829,500

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 962,964
  • High Value: 1,129,303
  • Low Value: 796,625

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $909,500
  • Assessed Land Value: $316,000
  • Assessed Improvements Value: $593,500

    Sales

  • Current Sale Recording Date: Aug 27, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 355
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 West Peabody

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2404 ft²

Average Home Age

51.1 years

Currently For Sale

8 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71858743

Frequently Asked Questions

When was property at 3 Crossrip Avenue built and last sold?
The property at 3 Crossrip Avenue was built in 1951 and last sold on Jan 1, 1970 for $524,900.
How much is this home worth?
The estimated value of the home located at 3 Crossrip Avenue is $530,255.
What are some comparable homes to 3 Crossrip Avenue?
There are currently no comparable homes to 3 Crossrip Avenue.
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