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Peabody 01960 Peabody Town Center
43 Franklin Street
$339,000
● House - Off Market

43 Franklin Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,880 Ft²
$680,001
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Spacious 3 bedroom, 2.5 bath family home on side street, Emerson Park area, convenient to center, highways & shopping.  Move-in condition, all appliance, paved driveway, 2-car garage, nice yard. New roof, fully insulated, new central air, 200 amp electric in house, new heating system, new garage doors added, renovated 2.5 baths, all refinished hardwood floors throughout.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$191
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1875

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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: 6 months ago (MLSPIN #71529219)

Price History

Date / Event Date Event Price
Aug 30, 2021 Sold
Premium
Sold
Aug 29, 2013 Sold
Premium
Sold
May 21, 2013 Listed by Coldwell Banker Residential Brokerage - Marblehead $359,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Oct 1, 2004 Sold
Premium
Sold
Jul 15, 2004 Listed by Coldwell Banker Residential Brokerage - Marblehead $369,900
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1875
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,645
  • Gross Building Area: 1,645
  • Building Area: 1,645
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,645
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 210700

Zoning

  • Zoning: R4

Geography

  • Account Number: 10358
  • Parcel: PEAB M:0084 B:0179
  • Block: 179
  • Municipality: PEABODY
  • Latitude: 42.5261
  • Longitude: -70.932

    Address

  • Full Address: 43 Franklin St
  • Address - House Number: 43
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C046
  • 4-Digit Zip Code: 5345
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $517,500

    Appraisal Valuation

  • Standard Deviation: 0.2262
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 662,712
  • High Value: 812,714
  • Low Value: 512,709

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $567,400
  • Assessed Land Value: $242,800
  • Assessed Improvements Value: $324,600

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210830003470
  • Previous Sale Recording Date: Aug 29, 2013
  • Previous Sale Amount: $339,000
  • Previous Sale Document Type: O
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 Peabody Town Center

Stats & Trends

Median Asking:

$542,450

Sale Price/ft²

$390

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1454 ft²

Average Home Age

79.8 years

Currently For Sale

19 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71529219

Frequently Asked Questions

When was property at 43 Franklin Street built and last sold?
The property at 43 Franklin Street was built in 1875 and last sold on Aug 30, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 43 Franklin Street is $385,192.
What are some comparable homes to 43 Franklin Street?
There are currently no comparable homes to 43 Franklin Street.
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