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Peabody 01960 Proctor
5 Paul Ave
$627,500
● House - Off Market

5 Paul Ave

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,164 Ft²
$599,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

Ownership potential has arrived in this Rolling Hills neighborhood! Great opportunity to get into desirable West Peabody on this sunny tree lined street!  Are you starting out or slowing down? This charming three bedroom ranch with spacious full basement, mudroom and attached one car garage with automatic door opener is ready to welcome its' new owners.  Large inviting living room with hardwood flooring and fireplace, three bedrooms all offering hardwood flooring and closets.  New roof, newer hot water heater, gas heat, large private fenced yard with patio.  Convenient central location near highways, schools, bike path and shopping!
Unit Size
1,164 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$515
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1957

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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: 5 months ago (MLSPIN #73160298)

Price History

Date / Event Date Event Price
Nov 2, 2023 Sold
Premium
Sold
Sep 30, 2023 In contract -
In contract
Sep 21, 2023 Listed by Coldwell Banker Realty $599,900
Listed by Coldwell Banker Realty
Aug 24, 2017 Sold
Premium
Sold
Jul 13, 2017 Listed by Coldwell Banker Realty $389,900
Listed by Coldwell Banker Realty
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 12,001
  • Total Building Area: 1,164
  • Gross Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,164
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000276
  • 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: R1B

Geography

  • Account Number: 5388
  • Parcel: PEAB M:0048 B:0001
  • Block: 1
  • Municipality: PEABODY
  • Latitude: 42.5379
  • Longitude: -70.9779

    Address

  • Full Address: 5 Paul Ave
  • Address - House Number: 5
  • Address - Street Name: Paul
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C022
  • 4-Digit Zip Code: 2616
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $527,200

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 623,786
  • High Value: 735,117
  • Low Value: 512,454

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $578,100
  • Assessed Land Value: $306,000
  • Assessed Improvements Value: $272,100

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231102001680
  • Previous Sale Recording Date: Aug 24, 2017
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: O
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:

$602,000

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1774 ft²

Average Home Age

67.4 years

Currently For Sale

20 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73160298

Frequently Asked Questions

When was property at 5 Paul Avenue built and last sold?
The property at 5 Paul Avenue was built in 1957 and last sold on Nov 2, 2023 for $627,500.
How much is this home worth?
The estimated value of the home located at 5 Paul Avenue is $587,917.
What are some comparable homes to 5 Paul Avenue?
There are currently no comparable homes to 5 Paul Avenue.
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