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Peabody 01960 South Peabody
3 Spring Pond Rd
$410,000
● House - Off Market

3 Spring Pond Rd

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
2 Baths
square feet
870 Ft²
$510,922
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

Move Right In! So many upgrades have been made to this adorable ranch which includes a brand new furnace, central AC, hot water heater, and a sparkling kitchen. The freshly painted kitchen now boasts granite countertops, new cabinetry, and ceramic tile flooring. Master, second bedroom, and full bath are conveniently located on the first floor while the finished basement includes a second full bathroom with laundry and additional living space. Move outside and enjoy the patio and fenced in backyard, just in time for summer barbeques! Ample space for gardening and opportunity to create your own private oasis. This property won't last long!
Unit Size
870 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$424
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1953

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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 #72627044)

Price History

Date / Event Date Event Price
Apr 10, 2020 Sold
Premium
Sold
Mar 3, 2020 Listed by J. Barrett & Company $369,000
Listed by J. Barrett & Company
May 22, 2018 Sold
Premium
Sold
Apr 13, 2018 Listed by J. Barrett & Company $340,000
Listed by J. Barrett & Company
Jun 5, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,672
  • Total Building Area: 870
  • Gross Building Area: 870
  • Building Area: 870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 870
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • 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: 210600

Zoning

  • Zoning: R1A

Geography

  • Account Number: 15482
  • Parcel: PEAB M:0124 B:0121
  • Block: 121
  • Municipality: PEABODY
  • Latitude: 42.4981
  • Longitude: -70.954

    Address

  • Full Address: 3 Spring Pond Rd
  • Address - House Number: 3
  • Address - Street Name: Spring Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C009
  • 4-Digit Zip Code: 6675
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $455,600

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 559,845
  • High Value: 663,020
  • Low Value: 456,670

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $499,600
  • Assessed Land Value: $225,100
  • Assessed Improvements Value: $274,500

    Sales

  • Current Sale Contract Date: Apr 03, 2020
  • Current Sale Recording Date: Apr 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200410002210
  • Previous Sale Recording Date: May 22, 2018
  • Previous Sale Amount: $367,000
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$410

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2212 ft²

Average Home Age

70.1 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72627044

Frequently Asked Questions

When was property at 3 Spring Pond Road built and last sold?
The property at 3 Spring Pond Road was built in 1953 and last sold on Apr 3, 2020 for $410,000.
How much is this home worth?
The estimated value of the home located at 3 Spring Pond Road is $374,976.
What are some comparable homes to 3 Spring Pond Road?
There are currently no comparable homes to 3 Spring Pond Road.
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