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Peabody 01960 South Peabody
42 Oak Ave
$440,000
● House - Off Market

42 Oak Ave

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,616 Ft²
$454,306
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Make this colonial home your own!  With four beds and two full baths and some updating, this home could be perfect.  The first floor has a bedroom, kitchen and a living room, along with a full bath.  The second floor has two beds, and the potential in-law above the garage has a bedroom and a full bath with a separate water heater.  The home is in need of some updating and won't qualify for FHA financing.  Home is perfect for a contractor or a handyman to make it look like new!
Unit Size
1,616 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$247
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #72889543)

Price History

Date / Event Date Event Price
Oct 13, 2021 Sold
Premium
Sold
Sep 2, 2021 Listed by LAER Realty Partners $399,900
Listed by LAER Realty Partners

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 25,909
  • Total Building Area: 1,616
  • Gross Building Area: 1,616
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000595
  • 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: 210500

Zoning

  • Zoning: R1

Geography

  • Account Number: 13494
  • Parcel: PEAB M:0107 B:0104
  • Block: 104
  • Municipality: PEABODY
  • Latitude: 42.5106
  • Longitude: -70.9638

    Address

  • Full Address: 42 Oak Ave
  • Address - House Number: 42
  • Address - Street Name: Oak
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C008
  • 4-Digit Zip Code: 6258
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $514,900

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 571,641
  • High Value: 676,990
  • Low Value: 466,292

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,600
  • Assessed Land Value: $231,900
  • Assessed Improvements Value: $332,700

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211013000360
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:

$662,000

Sale Price/ft²

$394

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1533 ft²

Average Home Age

99 years

Currently For Sale

13 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 years ago
Data Source: MLS PIN, MLS# 72889543

Frequently Asked Questions

When was property at 42 Oak Avenue built and last sold?
The property at 42 Oak Avenue was built in 1900 and last sold on Oct 12, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 42 Oak Avenue is $0.
What are some comparable homes to 42 Oak Avenue?
There are currently no comparable homes to 42 Oak Avenue.
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