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Peabody 01960 West Peabody
5 Lantern Lane
Photo of 5 Lantern Lane
Sold on Jul 16, 2009

1

Map

$710,000
● House - Off Market

5 Lantern Lane

Peabody, MA 01960
bedrooms
5 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
5,223 Ft²
$1,539,570
RealtyHop Estimate
105.30%
Since Aug 1, 2009
MA-Boston
Primary Model

About This Property

This beautiful large family home is a hidden treasure.  Over 5,000 square feet of living area and 3/4 acre of land.  It has 13 rooms, 5 bedrooms and 2 1/2 baths.  This house is exquisite!  Has many, many updates and extras.  Professionally landscaped with beautiful flowers and trees. A heated in/ground pool plus a hot tub for your outdoor entertainment.  Also has a 3 car garage with a loft and basement. Farmers porch plus enclosed porch on second level.
Unit Size
5,223 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$144
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1870

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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 #70861928)

Price History

Date / Event Date Event Price
Jul 16, 2009 Sold
Premium
Sold
Jan 7, 2009 Listed $749,900
Listed
Jun 21, 1999 Sold
Premium
Sold
Jan 27, 1999 Listed $599,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 132
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 32,788
  • Total Building Area: 5,223
  • Gross Building Area: 5,223
  • Building Area: 5,223
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 5,223
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILDWOOD ESTATES
  • Land Acres: 0000000753
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 3595
  • Parcel: PEAB M:0026 B:0098
  • Block: 98
  • Municipality: PEABODY
  • Latitude: 42.5503
  • Longitude: -70.9888

    Address

  • Full Address: 5 Lantern Way
  • Address - House Number: 5
  • Address - Street Name: Lantern
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Peabody
  • Carrier Code: C051
  • 4-Digit Zip Code: 7913
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,132,500

    Appraisal Valuation

  • Standard Deviation: 0.1965
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 1,139,471
  • High Value: 1,363,469
  • Low Value: 915,473

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,241,800
  • Assessed Land Value: $335,700
  • Assessed Improvements Value: $906,100

    Sales

  • Current Sale Recording Date: Jul 16, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 21, 1999
  • Previous Sale Amount: $575,000
  • 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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70861928

Frequently Asked Questions

When was property at 5 Lantern Lane built and last sold?
The property at 5 Lantern Lane was built in 1870 and last sold on Jan 1, 1970 for $710,000.
How much is this home worth?
The estimated value of the home located at 5 Lantern Lane is $752,442.
What are some comparable homes to 5 Lantern Lane?
There are currently no comparable homes to 5 Lantern Lane.
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