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Peabody 01960 Peabody Town Center
6 Jacobs St
Photo of 6 Jacobs St
Sold on Apr 17, 2025

13

Map

Photo of 6 Jacobs St
Photo of 6 Jacobs St
$385,000
● House - Off Market

6 Jacobs St

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath
square feet
960 Ft²
$2,120
Est. Monthly
8.09%
Cap Rate

About This Property

Check out the fabulous price reduction and move right into this charming 2 bedroom condo alternative located on a quiet side street in super convenient location near the center and less than a mile to 128. Low Taxes, no condo fees! Start building equty now!! Walk to shops and restaurants. Eat in kitchen with elec stove and refrigerator, large living room and 2 large bedrooms up with plenty of closet and storage space. Full unfinished basement with laundry connections and updated elec and heat. Carefree vinyl siding. Very low maintenance. Ready to move in! Note there is plenty of on street parking - no driveway.
Unit Size
960 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$401
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1880

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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 months ago (MLSPIN #73320947)

Price History

Date / Event Date Event Price
Apr 17, 2025 Sold
Premium
Sold
Mar 10, 2025 In contract -
In contract
Feb 13, 2025 Price Decreased $384,900
↓ $15K (3.8%)
Price Decreased
Jan 20, 2025 Price Decreased $399,900
↓ $20K (4.8%)
Price Decreased
Dec 20, 2024 Listed $419,900
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,159
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARD HOWELL
  • Land Acres: 0000000027
  • 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: 210800

Zoning

  • Zoning: R2

Geography

  • Account Number: 15877
  • Parcel: PEAB M:0075 B:0247-A
  • Block: 247-A
  • Municipality: PEABODY
  • Latitude: 42.5292
  • Longitude: -70.9275

    Address

  • Full Address: 6 Jacobs St
  • Address - House Number: 6
  • Address - Street Name: Jacobs
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C006
  • 4-Digit Zip Code: 4310
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $275,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1867
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 376,242
  • High Value: 499,443
  • Low Value: 253,041

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $301,800
  • Assessed Land Value: $174,700
  • Assessed Improvements Value: $127,100

    Sales

  • Current Sale Recording Date: Feb 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 228
  • Previous Sale Recording Date: Mar 30, 2004
  • Previous Sale Amount: $178,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73320947

Frequently Asked Questions

When was property at 6 Jacobs Street built and last sold?
The property at 6 Jacobs Street was built in 1880 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 6 Jacobs Street is $388,343.
What are some comparable homes to 6 Jacobs Street?
There are currently no comparable homes to 6 Jacobs Street.
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