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Peabody 01960 South Peabody
33 Martinack Ave
$450,000
● House - Off Market

33 Martinack Ave

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath
square feet
852 Ft²
$504,624
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

New year, new home! Don't wait to see this 2 bed/1 bath, old-style colonial tucked away in a desirable neighborhood of South Peabody. Sitting on .23 acres by Spring Pond and the elementary schools w/ a nice sized yard and plenty of room to expand. Detached two car garage w/ workshop and hangout area. Lovely hardwood flooring on both levels. Wood-burning fireplace in the living room w/ wide staircase leading up to 2nd level. Spacious primary bedroom and custom shelving in the second bedroom for added storage. Front porch redone in 2019 w/ pressure treated wood. Roof is 10 yrs old. Oil tank purchased in 2018. New dryer purchased in 2022. Natural gas connection available on street. Minutes to North Shore Mall and easy access to I-95 and Route 1.
Unit Size
852 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$552
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73063727)

Price History

Date / Event Date Event Price
Jan 27, 2023 Sold
Premium
Sold
Dec 25, 2022 In contract -
In contract
Dec 24, 2022 Relisted $469,900
Relisted
Dec 20, 2022 In contract -
In contract
Dec 8, 2022 Listed by Coldwell Banker Realty - Newburyport $469,900
Listed by Coldwell Banker Realty - Newburyport
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,202
  • Total Building Area: 852
  • Gross Building Area: 852
  • Building Area: 852
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 852
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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: 14312
  • Parcel: PEAB M:0109 B:0343-X
  • Block: 343-X
  • Municipality: PEABODY
  • Latitude: 42.5091
  • Longitude: -70.9457

    Address

  • Full Address: 33 Martinack Ave
  • Address - House Number: 33
  • Address - Street Name: Martinack
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C061
  • 4-Digit Zip Code: 6448
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $420,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 497,974
  • High Value: 586,851
  • Low Value: 409,097

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,100
  • Assessed Land Value: $244,600
  • Assessed Improvements Value: $216,500

    Sales

  • Current Sale Contract Date: Jan 27, 2023
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230127002870
  • Previous Sale Recording Date: Jun 30, 2010
  • Previous Sale Amount: $213,000
  • 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 South Peabody

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$393

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1533 ft²

Average Home Age

99 years

Currently For Sale

13 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: 6 months ago
Data Source: MLS PIN, MLS# 73063727

Frequently Asked Questions

When was property at 33 Martinack Avenue built and last sold?
The property at 33 Martinack Avenue was built in 1920 and last sold on Jan 27, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 33 Martinack Avenue is $458,566.
What are some comparable homes to 33 Martinack Avenue?
There are currently no comparable homes to 33 Martinack Avenue.
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