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Essex
53 Peabody
$455,000
● House - Off Market

53 Peabody

Middleton, MA 01949
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$693,925
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

New Price! This completely renovated Ranch home cannot be seen from the street, please drive down driveway! This hidden gem needs to be seen to be appreciated.  2 BR, 2 Full BA, Enjoy the open concept of this lovely skylit granite stainless kitchen/dining/living area sitting on a 2.25 acre level lot seasonally overlooking the Ipswich River.  The finished lower level with a full bath walks out to an outdoor sitting area.  Lower level could also be a master suite option!  Central air conditioning, laundry room, and a deck to enjoy this lovely setting. Seller will pave driveway before closing. Great Condo alternative! Easy to show.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
2.25 acres
Price per sqft
$323
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72537008)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Jul 22, 2019 Listed by Coldwell Banker Residential Brokerage - Topsfield $485,000
Listed by Coldwell Banker Residential Brokerage - Topsfield
Mar 29, 2019 Sold
Premium
Sold
Feb 4, 2019 Listed by Coldwell Banker Residential Brokerage - Topsfield $399,900
Listed by Coldwell Banker Residential Brokerage - Topsfield

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 420
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 98,080
  • Total Building Area: 1,020
  • Gross Building Area: 2,040
  • Building Area: 1,020
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,020
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002252
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 212101

Zoning

  • Zoning: RA

Geography

  • Account Number: 200603
  • Parcel: MIDD M:0013 B:0000 L:0108 B
  • Lot: 108 B
  • Municipality: MIDDLETON
  • Latitude: 42.6153
  • Longitude: -70.9986

    Address

  • Full Address: 53 Peabody St
  • Address - House Number: 53
  • Address - Street Name: Peabody
  • Address - Suffix Type: St
  • State: MA
  • City Name: Middleton
  • Carrier Code: R001
  • 4-Digit Zip Code: 1461
  • Zip Code: 01949

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $701,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 558,559
  • High Value: 650,128
  • Low Value: 466,991

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,600
  • Assessed Land Value: $349,000
  • Assessed Improvements Value: $245,600

    Sales

  • Current Sale Contract Date: Sep 24, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190927006320
  • Previous Sale Recording Date: Mar 29, 2019
  • Previous Sale Contract Date: Mar 22, 2019
  • Previous Sale Amount: $273,575
  • Previous Sale Document Type: 54
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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2488 ft²

Average Home Age

73.5 years

Currently For Sale

1420 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: 6 months ago
Data Source: MLS PIN, MLS# 72537008

Frequently Asked Questions

When was property at 53 Peabody Street built and last sold?
The property at 53 Peabody Street was built in 1978 and last sold on Sep 24, 2019 for $455,000.
How much is this home worth?
The estimated value of the home located at 53 Peabody Street is $491,959.
What are some comparable homes to 53 Peabody Street?
There are currently no comparable homes to 53 Peabody Street.
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