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Peabody 01960 Peabody Town Center
5 Spinale Road
$317,000
● House - Off Market

5 Spinale Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$820,580
RealtyHop Estimate
152.56%
Since Jul 1, 2001
MA-Boston
Primary Model

About This Property

LOVELY COLONIAL ON PRIVATE ROAD. QUIET LOCATION WITH QUICK ACCESS TO MAJOR ROUTES, LARGE NICELY LANDSCAPED YARD, METICULOUSLY KEPT INTERIOR, MOVE RIGHT IN! SUBJECT TO SELLER FINDING SUITABLE HOUSING.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$188
Property Type
House
Property Taxes
$168
HOA Dues
-
Year Built
1995

Payment Calculator

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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 years ago (MLSPIN #30474304)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Apr 19, 2021 Listed by Century 21 North East $564,000
Listed by Century 21 North East
Jun 27, 2001 Sold
Premium
Sold
Jan 26, 2001 Listed by Century 21 North East $324,900
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,062
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000231
  • 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: 6233
  • Parcel: PEAB M:0054 B:0102-F
  • Block: 102-F
  • Municipality: PEABODY
  • Latitude: 42.5404
  • Longitude: -70.9204

    Address

  • Full Address: 5 Spinale Rd
  • Address - House Number: 5
  • Address - Street Name: Spinale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C012
  • 4-Digit Zip Code: 1827
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $574,100

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 724,605
  • High Value: 849,771
  • Low Value: 599,439

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,500
  • Assessed Land Value: $244,500
  • Assessed Improvements Value: $385,000

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210730005060
  • Previous Sale Recording Date: Jul 07, 2003
  • 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:

$599,000

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1686 ft²

Average Home Age

81.4 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 years ago
Data Source: MLS PIN, MLS# 30474304

Frequently Asked Questions

When was property at 5 Spinale Road built and last sold?
The property at 5 Spinale Road was built in 1995 and last sold on Jul 30, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 5 Spinale Road is $0.
What are some comparable homes to 5 Spinale Road?
There are currently no comparable homes to 5 Spinale Road.
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