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Peabody 01960 South Peabody
5 Florence Rd
$348,800
● House - Off Market

5 Florence Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,152 Ft²
$581,425
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

This traditional Cape Cod style home in South Peabody is located on a side street within close proximity to everything Peabody has to offer! Only one block to South Memorial Elementary and just minutes to the brand new Higgins Middle School, downtown Peabody, and local highways. This home has had many updates including central air and a high efficiency gas heating system. The new kitchen, with upgraded cabinets, counters and appliances flows into the dining area with beautiful hardwood floors. Or choose to dine al fresco on the deck just off the kitchen. The architectural shingled roof is only 1 year old. The fenced in yard includes two sheds .
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$303
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1946

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72026180)

Price History

Date / Event Date Event Price
Aug 26, 2016 Sold
Premium
Sold
Jun 20, 2016 Listed by Weichert REALTORS® Blueprint Brokers $349,000
Listed by Weichert REALTORS® Blueprint Brokers
Sep 26, 2001 Sold
Premium
Sold
Jul 13, 2001 Listed by Weichert REALTORS® Blueprint Brokers $244,900
Listed by Weichert REALTORS® Blueprint Brokers

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,152
  • 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: 210500

Zoning

  • Zoning: R1A

Geography

  • Account Number: 12600
  • Parcel: PEAB M:0102 B:0055
  • Block: 55
  • Municipality: PEABODY
  • Latitude: 42.5163
  • Longitude: -70.9473

    Address

  • Full Address: 5 Florence Rd
  • Address - House Number: 5
  • Address - Street Name: Florence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C061
  • 4-Digit Zip Code: 5727
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $439,500

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 618,473
  • High Value: 725,204
  • Low Value: 511,742

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $481,900
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $261,900

    Sales

  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 496
  • Previous Sale Recording Date: Sep 26, 2001
  • Previous Sale Amount: $246,500
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$405

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2161 ft²

Average Home Age

75.1 years

Currently For Sale

16 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# 72026180

Frequently Asked Questions

When was property at 5 Florence Road built and last sold?
The property at 5 Florence Road was built in 1946 and last sold on Jan 1, 1970 for $348,800.
How much is this home worth?
The estimated value of the home located at 5 Florence Road is $353,304.
What are some comparable homes to 5 Florence Road?
There are currently no comparable homes to 5 Florence Road.
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