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Peabody 01960 Peabody Town Center
38 Newcastle Road
Photo of 38 Newcastle Road
Sold on Jul 1, 2009

1

Map

$270,000
● House - Off Market

38 Newcastle Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,286 Ft²
$595,174
RealtyHop Estimate
105.30%
Since Aug 1, 2009
MA-Boston
Primary Model

About This Property

Great Location Gardner Park Area. Lots of charm and character describes this meticulously maintained cape with three to four bedrooms. Large eat-in kitchen. Hardwood floors, newer windows, central air, sprinkler system in front yard. One car garage detached. Lots of storage space. Partial finished lower level with walk out to enclosed porch. A MUST SEE
Unit Size
1,286 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$225
Property Type
House
Property Taxes
$226
HOA Dues
-
Year Built
1948

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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 #70903148)

Price History

Date / Event Date Event Price
Jul 3, 2009 Sold
Premium
Sold
Apr 13, 2009 Listed $289,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 4
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,493
  • Total Building Area: 1,286
  • Gross Building Area: 1,286
  • Building Area: 1,286
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,286
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 7702
  • Parcel: PEAB M:0065 B:0065
  • Block: 65
  • Municipality: PEABODY
  • Latitude: 42.5348
  • Longitude: -70.9215

    Address

  • Full Address: 38 Newcastle Rd
  • Address - House Number: 38
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C004
  • 4-Digit Zip Code: 3274
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $450,100

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 590,439
  • High Value: 695,819
  • Low Value: 485,058

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,500
  • Assessed Land Value: $223,800
  • Assessed Improvements Value: $269,700

    Sales

  • Current Sale Recording Date: Jul 03, 2009
  • Current Sale Price:
    Premium
  • Current 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

51

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# 70903148

Frequently Asked Questions

When was property at 38 Newcastle Road built and last sold?
The property at 38 Newcastle Road was built in 1948 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 38 Newcastle Road is $302,307.
What are some comparable homes to 38 Newcastle Road?
There are currently no comparable homes to 38 Newcastle Road.
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