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Peabody 01960 Proctor
48 Proctor Circle
$525,000
● House - Off Market

48 Proctor Circle

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$521,345
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Opportunity awaits with this well cared for ranch located on a nice side street minutes to Route 128 and convenient to shopping and restaurants. This home features generous size bedrooms with central air conditioning, 1 year old heating system and hardwood floors. This home also offers great potential for additional living space both in the walkout basement and large 3 season porch which is off of the kitchen. Enjoy an attached garage, plenty of parking and large storage shed. Call this your home in the New Year!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$457
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1954

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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 #72926469)

Price History

Date / Event Date Event Price
Jan 20, 2022 Sold
Premium
Sold
Dec 8, 2021 Listed by Keller Williams Realty Evolution $475,000
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • 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: 210302

Zoning

  • Zoning: R1B

Geography

  • Account Number: 6949
  • Parcel: PEAB M:0061 B:0141
  • Block: 141
  • Municipality: PEABODY
  • Latitude: 42.5347
  • Longitude: -70.9525

    Address

  • Full Address: 48 Proctor Cir
  • Address - House Number: 48
  • Address - Street Name: Proctor
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Peabody
  • Carrier Code: C032
  • 4-Digit Zip Code: 2822
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $467,700

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 593,212
  • High Value: 699,857
  • Low Value: 486,568

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $512,800
  • Assessed Land Value: $289,000
  • Assessed Improvements Value: $223,800

    Sales

  • Current Sale Contract Date: Jan 20, 2022
  • Current Sale Recording Date: Jan 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220120004110
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:

$604,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1913 ft²

Average Home Age

79.8 years

Currently For Sale

11 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# 72926469

Frequently Asked Questions

When was property at 48 Proctor Circle built and last sold?
The property at 48 Proctor Circle was built in 1954 and last sold on Jan 20, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 48 Proctor Circle is $480,999.
What are some comparable homes to 48 Proctor Circle?
There are currently no comparable homes to 48 Proctor Circle.
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