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Peabody 01960 West Peabody
3 Scott Dr
$549,000
● House - Off Market

3 Scott Dr

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,608 Ft²
$599,443
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Desirable one floor living in West Peabody.  Property does require some updating but systems in working order and will meet conventional guidelines.  Open kitchen/dining area/living room.  Large family room addition with access to back yard containing inground pool, hardscaping, and professional landscaping. Features include central air, fenced in backyard, extra large garage providing ample storage, and a large lot.
Unit Size
1,608 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$348
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1960

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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 #73034794)

Price History

Date / Event Date Event Price
Nov 9, 2022 Sold
Premium
Sold
Oct 1, 2022 In contract -
In contract
Sep 13, 2022 Listed by Keller Williams Realty Evolution $559,000
Listed by Keller Williams Realty Evolution
Apr 30, 2003 Sold
Premium
Sold
May 31, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 15,599
  • Total Building Area: 1,608
  • Gross Building Area: 1,608
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BIRCH HILL 02
  • Land Acres: 0000000358
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 1247
  • Parcel: PEAB M:0004 B:0157
  • Block: 157
  • Municipality: PEABODY
  • Latitude: 42.5633
  • Longitude: -71.0249

    Address

  • Full Address: 3 Scott Dr
  • Address - House Number: 3
  • Address - Street Name: Scott
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C030
  • 4-Digit Zip Code: 1018
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $531,500

    Appraisal Valuation

  • Standard Deviation: 0.172
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 633,440
  • High Value: 742,437
  • Low Value: 524,444

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $582,800
  • Assessed Land Value: $319,300
  • Assessed Improvements Value: $263,500

    Sales

  • Current Sale Contract Date: Nov 09, 2022
  • Current Sale Recording Date: Nov 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221109003300
  • Previous Sale Recording Date: Apr 30, 2003
  • Previous Sale Amount: $14,000
  • Previous Sale Document Type: 34
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:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2537 ft²

Average Home Age

48.3 years

Currently For Sale

7 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# 73034794

Frequently Asked Questions

When was property at 3 Scott Drive built and last sold?
The property at 3 Scott Drive was built in 1960 and last sold on Nov 9, 2022 for $549,000.
How much is this home worth?
The estimated value of the home located at 3 Scott Drive is $561,247.
What are some comparable homes to 3 Scott Drive?
There are currently no comparable homes to 3 Scott Drive.
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