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Peabody 01960 West Peabody
4 Reo Rd
$459,900
● House - Off Market

4 Reo Rd

Peabody, MA 01960
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,483 Ft²
$827,221
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

10K PRICE REDUCTION!!  Open House this Sunday 3/8 from 1:00 - 3:00 pm.  Lovely maintained home in West Peabody.  Beautiful kitchen with dining area and separate kitchen nook for morning coffee.  Inviting fireplaced living room that opens up to dining area, perfect for entertaining family and friends.  Bathrooms have exquisite marble and stone work detail throughout.  Brand new heating system installed in November 2014. New roof in 2010.  Separate entrance great for potential in-law or home office with own driveway. This spacious home is ideal for the extended family and offers a versatile layout.
Unit Size
2,483 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$189
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1959

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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 months ago (MLSPIN #71770873)

Price History

Date / Event Date Event Price
May 4, 2015 Sold
Premium
Sold
Nov 20, 2014 Listed by Coldwell Banker Residential Brokerage - Lynnfield $469,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Jan 30, 2003 Sold
Premium
Sold
Jun 19, 2002 Listed by Coldwell Banker Residential Brokerage - Lynnfield $447,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 12
  • 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: 572
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,248
  • Total Building Area: 2,483
  • Gross Building Area: 2,483
  • Building Area: 2,483
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,483
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CRESTHILL PEABODY
  • Land Acres: 0000000373
  • 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: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 4108
  • Parcel: PEAB M:0031 B:0106
  • Block: 106
  • Municipality: PEABODY
  • Latitude: 42.5446
  • Longitude: -71.0209

    Address

  • Full Address: 4 Reo Rd
  • Address - House Number: 4
  • Address - Street Name: Reo
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C031
  • 4-Digit Zip Code: 4508
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $656,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1663
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 824,774
  • High Value: 961,971
  • Low Value: 687,576

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $719,700
  • Assessed Land Value: $319,900
  • Assessed Improvements Value: $399,800

    Sales

  • Current Sale Recording Date: May 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50400392
  • Previous Sale Recording Date: Jan 30, 2003
  • Previous Sale Amount: $400,000
  • 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

48

Average Home Size

2537 ft²

Average Home Age

48.3 years

Currently For Sale

7 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: 4 months ago
Data Source: MLS PIN, MLS# 71770873

Frequently Asked Questions

When was property at 4 Reo Road built and last sold?
The property at 4 Reo Road was built in 1959 and last sold on Jan 1, 1970 for $459,900.
How much is this home worth?
The estimated value of the home located at 4 Reo Road is $473,192.
What are some comparable homes to 4 Reo Road?
There are currently no comparable homes to 4 Reo Road.
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