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Peabody 01960 Proctor
5 Loris Rd
$500,000
● House - Off Market

5 Loris Rd

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$574,008
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Welcome home! First time on the market; 1 owner home. This 4 bedroom, 2 full bath, 2 car attached garage Cape style home is a cream puff ready for the next owner.  It's in move in condition with the hardwood floors beautifully refinished, all the interior walls and ceilings have been painted, new kitchen flooring installed, heating system has been updated in recent years and the 2nd floor bath added in recent years as well as the first floor bath totally remodeled and full insulation added. All this and a great location in a tucked away neighborhood with a children's park a few minutes walk to the Northshore Shopping Center, restaurants, Lahey and easy access to major routes!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$293
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1950

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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 #72698991)

Price History

Date / Event Date Event Price
Sep 18, 2020 Sold
Premium
Sold
Jul 27, 2020 Listed by ERA Key Realty Services - Distinctive Group $439,000
Listed by ERA Key Realty Services - Distinctive Group

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2010
  • 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: 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: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,504
  • Total Building Area: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: 210302

Zoning

  • Zoning: R1A

Geography

  • Account Number: 5904
  • Parcel: PEAB M:0052 B:0014
  • Block: 14
  • Municipality: PEABODY
  • Latitude: 42.5425
  • Longitude: -70.9397

    Address

  • Full Address: 5 Loris Rd
  • Address - House Number: 5
  • Address - Street Name: Loris
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C025
  • 4-Digit Zip Code: 1610
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $476,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 622,339
  • High Value: 737,032
  • Low Value: 507,647

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,700
  • Assessed Land Value: $231,500
  • Assessed Improvements Value: $291,200

    Sales

  • Current Sale Contract Date: Sep 04, 2020
  • Current Sale Recording Date: Sep 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200918006810
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 Proctor

Stats & Trends

Median Asking:

$609,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1918 ft²

Average Home Age

80.9 years

Currently For Sale

11 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# 72698991

Frequently Asked Questions

When was property at 5 Loris Road built and last sold?
The property at 5 Loris Road was built in 1950 and last sold on Sep 4, 2020 for $500,000.
How much is this home worth?
The estimated value of the home located at 5 Loris Road is $452,165.
What are some comparable homes to 5 Loris Road?
There are currently no comparable homes to 5 Loris Road.
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