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Peabody 01960 Proctor
308 Lowell St
$840,000
● House - Off Market

308 Lowell St

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,410 Ft²
$909,011
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Elegance and style best describe this brand new redeveloped single home in Peabody. This home features a wonderful blend of classic charm and modern amenities. Remodeled from the studs out and offers 4 bedrooms, 3 full bathrooms, open living/dining, a chef's kitchen with high end appliances and quartz countertop, oversized master bedroom with a walk-in closet and a stunning master bathroom!  Detailed, beautiful tile and woodwork, and a high efficiency heating, cooling and hot water system. This unique home features a new roof, vinyl windows and finished basement. Enjoy the luxury of having a garage for 2 cars plus 2 dedicated parking spots in the driveway and access to major routes and highways.
Unit Size
2,410 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$361
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1910

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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: 6 months ago (MLSPIN #73000335)

Price History

Date / Event Date Event Price
Aug 24, 2022 Sold
Premium
Sold
Jun 20, 2022 Listed by Impact Realty, LLC $869,999
Listed by Impact Realty, LLC
Mar 4, 2022 Sold
Premium
Sold
Feb 3, 2022 Listed by Impact Realty, LLC $499,000
Listed by Impact Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 400
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,418
  • Total Building Area: 2,320
  • Gross Building Area: 2,320
  • Building Area: 2,320
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,320
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000492
  • 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: 210402

Zoning

  • Zoning: R1A

Geography

  • Account Number: 7054
  • Parcel: PEAB M:0062 B:0001
  • Block: 1
  • Municipality: PEABODY
  • Latitude: 42.5331
  • Longitude: -70.9494

    Address

  • Full Address: 308 Lowell St
  • Address - House Number: 308
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C032
  • 4-Digit Zip Code: 4004
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $714,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1742
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 767,645
  • High Value: 901,431
  • Low Value: 633,858

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $783,800
  • Assessed Land Value: $228,500
  • Assessed Improvements Value: $555,300

    Sales

  • Current Sale Contract Date: Aug 24, 2022
  • Current Sale Recording Date: Aug 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 239
  • Previous Sale Recording Date: Mar 04, 2022
  • Previous Sale Contract Date: Mar 04, 2022
  • Previous Sale Amount: $530,000
  • 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 Proctor

Stats & Trends

Median Asking:

$599,999

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1711 ft²

Average Home Age

69.5 years

Currently For Sale

17 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

Currently no nearby rentals
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73000335

Frequently Asked Questions

When was property at 308 Lowell Street built and last sold?
The property at 308 Lowell Street was built in 1910 and last sold on Aug 24, 2022 for $840,000.
How much is this home worth?
The estimated value of the home located at 308 Lowell Street is $865,688.
What are some comparable homes to 308 Lowell Street?
There are currently no comparable homes to 308 Lowell Street.
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