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Peabody 01960 Proctor
6 Loris Rd
$500,000
● House - Off Market

6 Loris Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,331 Ft²
$482,179
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Enjoy this charming 3 bed/1.5 bath Cape that is tucked away on tree lined looped neighborhood. The perfect 1st time home or a downsizers dream you will step into this classic Cape layout into a bright & spacious living room with fireplace. The kitchen is steps away allowing for easy entertaining & gatherings. Two 1st floor rooms provide great bedroom and/or home office options. Upstairs offers an expansive main suite and even the possibility of adding on a 4th bedroom.  Look no further & come put your cosmetic touches to work & make this your "Home Sweet Home". Located off Andover St with easy access to major routes & resources you will enjoy the best of neighborhood living with easy access to all the North Shore has to offer. Offers due Tuesday 12pm.
Unit Size
1,331 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$337
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1950

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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 #73061919)

Price History

Date / Event Date Event Price
Jan 17, 2023 Sold
Premium
Sold
Dec 8, 2022 In contract -
In contract
Nov 30, 2022 Listed by Coldwell Banker Realty - Beverly $449,000
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 9,927
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000228
  • 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: 210302

Zoning

  • Zoning: R1A

Geography

  • Account Number: 4740
  • Parcel: PEAB M:0040 B:0005
  • Block: 5
  • Municipality: PEABODY
  • Latitude: 42.5428
  • Longitude: -70.94

    Address

  • Full Address: 6 Loris Rd
  • Address - House Number: 6
  • Address - Street Name: Loris
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C025
  • 4-Digit Zip Code: 1611
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $474,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1765
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 586,337
  • High Value: 689,883
  • Low Value: 482,791

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $520,000
  • Assessed Land Value: $244,400
  • Assessed Improvements Value: $275,600

    Sales

  • Current Sale Contract Date: Jan 17, 2023
  • Current Sale Recording Date: Jan 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 20230117002740
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 Proctor

Stats & Trends

Median Asking:

$597,500

Sale Price/ft²

$375

Below Asking

0.01%

Average Days on Market

49

Average Home Size

1863 ft²

Average Home Age

72.6 years

Currently For Sale

17 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: 6 months ago
Data Source: MLS PIN, MLS# 73061919

Frequently Asked Questions

When was property at 6 Loris Road built and last sold?
The property at 6 Loris Road was built in 1950 and last sold on Jan 17, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 6 Loris Road is $459,543.
What are some comparable homes to 6 Loris Road?
There are currently no comparable homes to 6 Loris Road.
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