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Peabody 01960 West Peabody
5 Forenza Road
$495,000
● House - Off Market

5 Forenza Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,094 Ft²
$666,122
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Offers are due by 6 PM on Monday (5.21.18). Sellers will reply on or before 6 PM on Tuesday (5.22.18). Desirable West Peabody home professionally landscaped large level lot on tree lined street. Home features light filled living room, 3 bedrooms, 2 baths, den w/ slider to back porch and attached 2 car garage. The basement features 638 sqft additional living area, office, laundry room and potential for workshop. Siding, shutters, exterior stairs and main windows were recently redone. Heating system was replaced in 2009 and roof is newer. Central air makes this home comfortable year round. Convenient location and only a 1/2 mile to Routes 1 & 95 with easy access to Rte 128. One might say the possibilities and potential for this new to Market Home are Endless. 1st Open House/ Sunday- 5.20.18./12-2
Unit Size
2,094 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$215
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1960

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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 #72327032)

Price History

Date / Event Date Event Price
Jul 3, 2018 Sold
Premium
Sold
May 15, 2018 Listed by Keller Williams Realty Evolution $449,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 238
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 6592
  • Parcel: PEAB M:0057 B:0115
  • Block: 115
  • Municipality: PEABODY
  • Latitude: 42.5362
  • Longitude: -70.9972

    Address

  • Full Address: 5 Forenza Rd
  • Address - House Number: 5
  • Address - Street Name: Forenza
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C029
  • 4-Digit Zip Code: 3730
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $614,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1669
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 714,179
  • High Value: 833,421
  • Low Value: 594,938

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,500
  • Assessed Land Value: $318,800
  • Assessed Improvements Value: $354,700

    Sales

  • Current Sale Recording Date: Jul 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180703000750
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 West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2537 ft²

Average Home Age

48.3 years

Currently For Sale

7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72327032

Frequently Asked Questions

When was property at 5 Forenza Road built and last sold?
The property at 5 Forenza Road was built in 1960 and last sold on Jan 1, 1970 for $495,000.
How much is this home worth?
The estimated value of the home located at 5 Forenza Road is $467,523.
What are some comparable homes to 5 Forenza Road?
There are currently no comparable homes to 5 Forenza Road.
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