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Peabody 01960 South Peabody
4 Rainbow Cir
$426,000
● House - Off Market

4 Rainbow Cir

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,296 Ft²
$613,909
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Lovely 4 bedroom Cape in very desirable neighborhood close to fishing, golf course and elementary school! Hardwood floors throughout, pellet wood stove in living room, finished basement family room and much more! Suitable for one level living! Open House Sunday 12-2.
Unit Size
1,296 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$320
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1951

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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: 4 months ago (MLSPIN #72399356)

Price History

Date / Event Date Event Price
Oct 31, 2018 Sold
Premium
Sold
Sep 21, 2018 Listed by RE/MAX At The Coast $415,000
Listed by RE/MAX At The Coast
Jun 18, 2002 Sold
Premium
Sold
Mar 17, 2002 Listed by RE/MAX At The Coast $237,000
Listed by RE/MAX At The Coast

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,630
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 14241
  • Parcel: PEAB M:0109 B:0261
  • Block: 261
  • Municipality: PEABODY
  • Latitude: 42.5106
  • Longitude: -70.9441

    Address

  • Full Address: 4 Rainbow Cir
  • Address - House Number: 4
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5720
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $462,100

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 607,035
  • High Value: 715,378
  • Low Value: 498,693

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,700
  • Assessed Land Value: $232,400
  • Assessed Improvements Value: $274,300

    Sales

  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181031002250
  • Previous Sale Recording Date: Jun 18, 2002
  • Previous Sale Amount: $235,000
  • 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:

$649,900

Sale Price/ft²

$405

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2161 ft²

Average Home Age

75.1 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72399356

Frequently Asked Questions

When was property at 4 Rainbow Circle built and last sold?
The property at 4 Rainbow Circle was built in 1951 and last sold on Jan 1, 1970 for $426,000.
How much is this home worth?
The estimated value of the home located at 4 Rainbow Circle is $420,428.
What are some comparable homes to 4 Rainbow Circle?
There are currently no comparable homes to 4 Rainbow Circle.
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