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Peabody 01960 South Peabody
50 Murdock Drive
$600,000
● House - Off Market

50 Murdock Drive

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,620 Ft²
$615,203
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Pride of ownership shows throughout this 3 bedroom 1 full and 2 half bath split entry home. Located in one of South Peabody's neighborhoods, this home has been lovingly cared for by the same family for over 40 years.  The open plan, main level features a fully applianced kitchen open to dining and living room with a fireplace. There is also a very spacious main bedroom with half bath, two additional bedrooms and full bath on this level. Off the kitchen is a charming deck for additional seasonal living and enjoyment. The lower level offers more living space with a substantial family room with fireplace, half bath, office, laundry area and mud room leading to the attached garage.  The property is located minutes to commuting routes, shopping, restaurants etc.  Don't miss the opportunity to make this your home!
Unit Size
1,620 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$357
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1969

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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 #73037064)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Sep 21, 2022 In contract -
In contract
Sep 15, 2022 Listed by Keller Williams Realty Evolution $579,000
Listed by Keller Williams Realty Evolution
Mar 1, 1978 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • 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: 42
  • 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: 400
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,762
  • Total Building Area: 1,620
  • Gross Building Area: 1,620
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • 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: R1A

Geography

  • Account Number: 15615
  • Parcel: PEAB M:0125 B:0053
  • Block: 53
  • Municipality: PEABODY
  • Latitude: 42.4972
  • Longitude: -70.9508

    Address

  • Full Address: 50 Murdock Dr
  • Address - House Number: 50
  • Address - Street Name: Murdock
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C009
  • 4-Digit Zip Code: 6642
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $520,800

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 660,978
  • High Value: 781,381
  • Low Value: 540,576

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $571,000
  • Assessed Land Value: $244,300
  • Assessed Improvements Value: $326,700

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20221028003110
  • Previous Sale Recording Date: Mar 01, 1978
  • Previous Sale Amount: $53,500
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1761 ft²

Average Home Age

85.1 years

Currently For Sale

16 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: 5 months ago
Data Source: MLS PIN, MLS# 73037064

Frequently Asked Questions

When was property at 50 Murdock Drive built and last sold?
The property at 50 Murdock Drive was built in 1969 and last sold on Oct 28, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 50 Murdock Drive is $590,604.
What are some comparable homes to 50 Murdock Drive?
There are currently no comparable homes to 50 Murdock Drive.
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