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Peabody 01960 South Peabody
37 Rockway Road
$215,000
● House - Off Market

37 Rockway Road

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
959 Ft²
$381,349
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Make this Browns Pond neighborhood quaint 2 bedroom / 1.5 bath home your own !  The location is well worth the sweat equity it will take to optimize this property.  Third room on second floor does not have closet but would be the perfect home office or nursery. Brown School district.  Call listing agent for showing. Currently, galley kitchen / washer / dryer and 1/2 bath are in back entry area. This home is priced with it's age related condition considered.  Home Inspection for informational purposes only.....seller will not make renovations or repairs.
Unit Size
959 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$239
Property Type
House
Property Taxes
$223
HOA Dues
-
Year Built
1928

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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 #72042915)

Price History

Date / Event Date Event Price
Sep 28, 2016 Sold
Premium
Sold
Jul 25, 2016 Listed by Bean Group $229,000
Listed by Bean Group

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,809
  • Total Building Area: 959
  • Gross Building Area: 959
  • Building Area: 959
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 959
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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: 210500

Zoning

  • Zoning: R1A

Geography

  • Account Number: 15120
  • Parcel: PEAB M:0120 B:0051
  • Block: 51
  • Municipality: PEABODY
  • Latitude: 42.5008
  • Longitude: -70.96

    Address

  • Full Address: 37 Rockway Rd
  • Address - House Number: 37
  • Address - Street Name: Rockway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C009
  • 4-Digit Zip Code: 6518
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $308,300

    Appraisal Valuation

  • Standard Deviation: 0.19
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 454,384
  • High Value: 540,774
  • Low Value: 367,994

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $338,000
  • Assessed Land Value: $196,700
  • Assessed Improvements Value: $141,300

    Sales

  • Current Sale Contract Date: Sep 28, 2016
  • Current Sale Recording Date: Sep 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 575722
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:

$662,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1588 ft²

Average Home Age

94.9 years

Currently For Sale

14 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72042915

Frequently Asked Questions

When was property at 37 Rockway Road built and last sold?
The property at 37 Rockway Road was built in 1928 and last sold on Sep 28, 2016 for $215,000.
How much is this home worth?
The estimated value of the home located at 37 Rockway Road is $238,563.
What are some comparable homes to 37 Rockway Road?
There are currently no comparable homes to 37 Rockway Road.
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