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Peabody 01960 Peabody Town Center
5 Sherman
$650,000
● House - Off Market

5 Sherman

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,000 Ft²
$594,285
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Explore this incredible opportunity to own a spacious colonial home in the heart of Peabody, MA. This property boasts 3 bedrooms and 2.5 baths, including a generously sized master bedroom with a walk-in closet. Gorgeous hardwood floors adorn the entire home. BONUS FINISHED BASEMENT SPACE : in-law or potential rental space. Offers 3 finished rooms along with a full bath ( not included in bedroom bath count) , making it a perfect space for extended family. Enjoy outdoor gatherings on the charming patio, and relish the convenience of being centrally located near town, shopping, and public transportation.This property promises to be an excellent investment with strong cash-flow potential. Don't hesitate to seize this remarkable opportunity!
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$300
Property Type
House
Property Taxes
$1
HOA Dues
-
Year Built
1987

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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: 6 months ago (MLSPIN #73149502)

Price History

Date / Event Date Event Price
Oct 10, 2023 Sold
Premium
Sold
Aug 31, 2023 In contract -
In contract
Aug 15, 2023 Listed by Coldwell Banker Realty - Easton $599,000
Listed by Coldwell Banker Realty - Easton
Jul 28, 2017 Sold
Premium
Sold
Jun 15, 2017 Listed by Coldwell Banker Realty - Easton $350,000
Listed by Coldwell Banker Realty - Easton
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,202
  • Total Building Area: 1,700
  • Gross Building Area: 1,700
  • Building Area: 1,700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,700
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000074
  • 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: 210600

Zoning

  • Zoning: R2

Geography

  • Account Number: 10774
  • Parcel: PEAB M:0094 B:0030-A
  • Block: 30-A
  • Municipality: PEABODY
  • Latitude: 42.52
  • Longitude: -70.9325

    Address

  • Full Address: 5 Sherman St
  • Address - House Number: 5
  • Address - Street Name: Sherman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C017
  • 4-Digit Zip Code: 5806
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $492,100

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 663,075
  • High Value: 781,419
  • Low Value: 544,731

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,600
  • Assessed Land Value: $188,900
  • Assessed Improvements Value: $350,700

    Sales

  • Current Sale Contract Date: Oct 10, 2023
  • Current Sale Recording Date: Oct 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231010003640
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Amount: $382,000
  • 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 Peabody Town Center

Stats & Trends

Median Asking:

$542,450

Sale Price/ft²

$390

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1454 ft²

Average Home Age

79.8 years

Currently For Sale

19 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: 6 months ago
Data Source: MLS PIN, MLS# 73149502

Frequently Asked Questions

When was property at 5 Sherman Street built and last sold?
The property at 5 Sherman Street was built in 1987 and last sold on Oct 10, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 5 Sherman Street is $605,366.
What are some comparable homes to 5 Sherman Street?
There are currently no comparable homes to 5 Sherman Street.
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