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Peabody 01960 Peabody Town Center
3 Tremont Pl
$765,000
● House - Off Market

3 Tremont Pl

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,304 Ft²
$762,068
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

This designer owned home has been totally renovated and the attention to detail is demonstrated inside and out reflecting a gracious elegance. The open floor plan, cook's kitchen with wet bar, granite counters and living room enhanced by warm wood floors, built in shelves and gas fireplace all lend itself to entertaining. Double French doors connect to the gorgeous landscaped yard, complete with a well maintained barn for storage or potential development. The upper floors offer 4 bedrooms including a spa like primary en-suite with a private deck creating a timeless beauty and chic style. All systems are recent including mini splits heat/ac. Must be seen.
Unit Size
2,304 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$326
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1850

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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: 5 months ago (MLSPIN #72984782)

Price History

Date / Event Date Event Price
Jun 30, 2022 Sold
Premium
Sold
May 19, 2022 Listed by Keller Williams Realty Evolution $750,000
Listed by Keller Williams Realty Evolution
Sep 27, 2006 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 200
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 192
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,223
  • Total Building Area: 2,123
  • Gross Building Area: 2,123
  • Building Area: 2,123
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,123
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000120
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 9346
  • Parcel: PEAB M:0075 B:0110
  • Block: 110
  • Municipality: PEABODY
  • Latitude: 42.5305
  • Longitude: -70.9241

    Address

  • Full Address: 3 Tremont Pl
  • Address - House Number: 3
  • Address - Street Name: Tremont
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Peabody
  • Carrier Code: C013
  • 4-Digit Zip Code: 3219
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $615,300

    Appraisal Valuation

  • Standard Deviation: 0.2141
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 712,383
  • High Value: 866,273
  • Low Value: 558,492

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $674,700
  • Assessed Land Value: $203,000
  • Assessed Improvements Value: $471,700

    Sales

  • Current Sale Contract Date: Jun 30, 2022
  • Current Sale Recording Date: Jun 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220630002230
  • Previous Sale Recording Date: Sep 27, 2006
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
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:

$579,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1534 ft²

Average Home Age

76.1 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: 5 months ago
Data Source: MLS PIN, MLS# 72984782

Frequently Asked Questions

When was property at 3 Tremont Place built and last sold?
The property at 3 Tremont Place was built in 1850 and last sold on Jun 30, 2022 for $765,000.
How much is this home worth?
The estimated value of the home located at 3 Tremont Place is $764,824.
What are some comparable homes to 3 Tremont Place?
There are currently no comparable homes to 3 Tremont Place.
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