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Peabody 01960 Peabody Town Center
5 Jefferson Rd
$585,000
● House - Off Market

5 Jefferson Rd

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$530,774
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Welcome home to this lovely Cape located on a beautiful dead end street in the well desired Gardner Park area.  The home has undergone many updates over the years, featuring hardwood floors in most rooms, a bright and sun-filled open concept kitchen with a designer window and skylights, a sunroom, finished bonus space downstairs, fenced yard, and a garage.  The property is conveniently located near Bishop Fenwick and the Danversport town line having close proximity to the MBTA commuter rail station in nearby Salem as well as offering easy access to highways, restaurants and shopping. Open Houses begin Sat and Sun. Offers are due Tuesday 6/6 by 5 pm. Please read disclosures and firm remarks. A "Must See" property, too good to drive by.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$331
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1952

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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 #73119262)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
Jun 7, 2023 In contract -
In contract
Jun 1, 2023 Listed by Options Real Estate Services, LLC $529,000
Listed by Options Real Estate Services, LLC
Oct 1, 2003 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 172
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,673
  • Total Building Area: 1,600
  • Gross Building Area: 1,600
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000153
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 7572
  • Parcel: PEAB M:0064 B:0196
  • Block: 196
  • Municipality: PEABODY
  • Latitude: 42.5338
  • Longitude: -70.9238

    Address

  • Full Address: 5 Jefferson Rd
  • Address - House Number: 5
  • Address - Street Name: Jefferson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C007
  • 4-Digit Zip Code: 3225
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $493,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1845
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 629,350
  • High Value: 745,562
  • Low Value: 513,139

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $540,600
  • Assessed Land Value: $232,700
  • Assessed Improvements Value: $307,900

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230630005130
  • Previous Sale Recording Date: Oct 01, 2003
  • Previous Sale Amount: $325,000
  • 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 Peabody Town Center

Stats & Trends

Median Asking:

$579,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1947 ft²

Average Home Age

87.8 years

Currently For Sale

15 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: 4 months ago
Data Source: MLS PIN, MLS# 73119262

Frequently Asked Questions

When was property at 5 Jefferson Road built and last sold?
The property at 5 Jefferson Road was built in 1952 and last sold on Jun 30, 2023 for $585,000.
How much is this home worth?
The estimated value of the home located at 5 Jefferson Road is $537,919.
What are some comparable homes to 5 Jefferson Road?
There are currently no comparable homes to 5 Jefferson Road.
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