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Peabody 01960 West Peabody
38 Surrey Lane
Photo of 38 Surrey Lane
Sold on Aug 19, 2005

1

Map

$455,000
● House - Off Market

38 Surrey Lane

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,454 Ft²
$824,546
RealtyHop Estimate
75.47%
Since Sep 1, 2005
MA-Boston
Primary Model

About This Property

BEAUTIFULLY REMODELED 3 BEDROOM 2.5 BATH TRI-LEVEL IN DESIRABLE W.PEADODY ON LYNNFIELD LINE. COMPLETELY REMODELED KITCHEN W/NEW GE APPLIANCES & THOMASVILLE MAPLE CABINETS W/WORKSTATION/BUFFET. PERGO, HARDWOOD & CERAMIC TILE FLOORING.  RECESSED LIGHTING & NEW LIGHT FIXTURES THRU-OUT. NEW PEDESTAL SINKS & FIXTURES IN THE 2.5 BATHS. UPGRADED ELECTRIC TO 200 AMPS. LANDSCAPED LOT ON DEAD END. TOO MANY UPGRADES TO LIST!
Unit Size
1,454 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$323
Property Type
House
Property Taxes
$239
HOA Dues
-
Year Built
1964

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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 #70201464)

Price History

Date / Event Date Event Price
Oct 18, 2021 Sold
Premium
Sold
Aug 26, 2021 Listed $619,900
Listed
Aug 19, 2005 Sold
Premium
Sold
Jun 1, 2005 Listed $469,900
Listed
Aug 15, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 6
  • Basement Area: 192
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,398
  • Total Building Area: 1,654
  • Gross Building Area: 1,654
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KNOLLWOOD HEIGHTS SEC 02
  • Land Acres: 0000000353
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 1040
  • Parcel: PEAB M:0003 B:0024
  • Block: 24
  • Municipality: PEABODY
  • Latitude: 42.5647
  • Longitude: -71.0321

    Address

  • Full Address: 38 Surrey Ln
  • Address - House Number: 38
  • Address - Street Name: Surrey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Peabody
  • Carrier Code: C030
  • 4-Digit Zip Code: 2033
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $585,000

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 730,468
  • High Value: 857,061
  • Low Value: 603,874

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $641,500
  • Assessed Land Value: $319,100
  • Assessed Improvements Value: $322,400

    Sales

  • Current Sale Contract Date: Oct 18, 2021
  • Current Sale Recording Date: Oct 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211018003480
  • Previous Sale Recording Date: Aug 19, 2005
  • Previous Sale Amount: $455,000
  • 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 West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2158 ft²

Average Home Age

55.4 years

Currently For Sale

9 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: 5 months ago
Data Source: MLS PIN, MLS# 70201464

Frequently Asked Questions

When was property at 38 Surrey Lane built and last sold?
The property at 38 Surrey Lane was built in 1964 and last sold on Oct 18, 2021 for $652,000.
How much is this home worth?
The estimated value of the home located at 38 Surrey Lane is $620,956.
What are some comparable homes to 38 Surrey Lane?
There are currently no comparable homes to 38 Surrey Lane.
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