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Peabody 01960 Proctor
385 Lowell St
$330,000
● House - Off Market

385 Lowell St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,007 Ft²
$879,960
RealtyHop Estimate
144.50%
Since Nov 1, 2001
MA-Boston
Primary Model

About This Property

CHARMING COLONIAL ON LARGE SECLUDED LOT. BEAUTIFUL FRENCH DOORS TO DINING ROOM, FIREPLACE, NEWER KITCHEN & HEAT. SUBJECT TO SELLERS FINDING SUITABLE HOUSING.
Unit Size
2,007 Ft²
Days on Market
-
Land Size
1.37 acres
Price per sqft
$179
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1935

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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: 4 years ago (MLSPIN #30530492)

Price History

Date / Event Date Event Price
Jan 29, 2021 Sold
Premium
Sold
Oct 12, 2001 Sold
Premium
Sold
Aug 6, 2001 Listed by Century 21 N. Shore $359,900
Listed by Century 21 N. Shore

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 23
  • 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: 230
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 59,838
  • Total Building Area: 3,154
  • Gross Building Area: 3,154
  • Building Area: 3,154
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,154
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000001374
  • 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: 210301

Zoning

  • Zoning: R1A

Geography

  • Account Number: 5721
  • Parcel: PEAB M:0050 B:0007
  • Block: 7
  • Municipality: PEABODY
  • Latitude: 42.5382
  • Longitude: -70.9575

    Address

  • Full Address: 385 Lowell St
  • Address - House Number: 385
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C005
  • 4-Digit Zip Code: 2720
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $852,200

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 942,313
  • High Value: 1,090,961
  • Low Value: 793,664

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $934,400
  • Assessed Land Value: $318,800
  • Assessed Improvements Value: $615,600

    Sales

  • Current Sale Contract Date: Jan 28, 2021
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210129004730
  • Previous Sale Recording Date: Oct 12, 2001
  • Previous Sale Amount: $333,000
  • 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 Proctor

Stats & Trends

Median Asking:

$597,500

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1863 ft²

Average Home Age

72.6 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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30530492

Frequently Asked Questions

When was property at 385 Lowell Street built and last sold?
The property at 385 Lowell Street was built in 1935 and last sold on Jan 28, 2021 for $725,000.
How much is this home worth?
The estimated value of the home located at 385 Lowell Street is $0.
What are some comparable homes to 385 Lowell Street?
There are currently no comparable homes to 385 Lowell Street.
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