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Peabody 01960 Peabody Town Center
5 Cottage St
$400,000
● House - Off Market

5 Cottage St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,426 Ft²
$543,585
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

Adorable Two-Story Colonial Home On a Great Side Street With A 2.5 Car Garage!  A Property With a Garage This Size Is Rare and Has Tons Of Potential Uses. The Home Features Hardwood Floors, Wine Fridge in The Kitchen, Formal Dining Area, Pantry For Extra Storage, Freshly Painted Rooms In Neutral Colors, Ceiling Fans Throughout the House and Gorgeous Bay Windows in the Living Room.  Conveniently Located Close to Marrs Park, Gallows Hill Park, O'Connor Park and Meadow Golf Course. Open House This Sat & Sun 2/16 & 2/17 From 1:00pm – 2:30pm.  Final Offers Due Tuesday 2/19 By 3 Pm For Seller Review.  Seller Will Respond By Wednesday Afternoon 2/20.
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$263
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1880

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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 months ago (MLSPIN #72452856)

Price History

Date / Event Date Event Price
Mar 29, 2019 Sold
Premium
Sold
Feb 13, 2019 Listed by Keller Williams Realty Evolution $375,000
Listed by Keller Williams Realty Evolution
May 20, 2016 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 5,001
  • Total Building Area: 1,426
  • Gross Building Area: 1,426
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: R2

Geography

  • Account Number: 11300
  • Parcel: PEAB M:0095 B:0240
  • Block: 240
  • Municipality: PEABODY
  • Latitude: 42.5192
  • Longitude: -70.9228

    Address

  • Full Address: 5 Cottage St
  • Address - House Number: 5
  • Address - Street Name: Cottage
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C001
  • 4-Digit Zip Code: 6015
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $421,200

    Appraisal Valuation

  • Standard Deviation: 0.2262
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 587,544
  • High Value: 720,532
  • Low Value: 454,556

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,800
  • Assessed Land Value: $201,400
  • Assessed Improvements Value: $260,400

    Sales

  • Current Sale Contract Date: Mar 21, 2019
  • Current Sale Recording Date: Mar 29, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190329004050
  • Previous Sale Recording Date: May 20, 2016
  • Previous Sale Amount: $270,000
  • 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:

$549,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1549 ft²

Average Home Age

82.5 years

Currently For Sale

20 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: 5 months ago
Data Source: MLS PIN, MLS# 72452856

Frequently Asked Questions

When was property at 5 Cottage Street built and last sold?
The property at 5 Cottage Street was built in 1880 and last sold on Mar 21, 2019 for $400,000.
How much is this home worth?
The estimated value of the home located at 5 Cottage Street is $390,648.
What are some comparable homes to 5 Cottage Street?
There are currently no comparable homes to 5 Cottage Street.
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