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Peabody 01960 South Peabody
6 Rainbow Circle
$153,500
● House - Off Market

6 Rainbow Circle

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,000 Ft²
$649,338
RealtyHop Estimate
307.11%
Since Oct 1, 1997
MA-Boston
Primary Model

About This Property

SPACIOUS FIREPLACED LIVING ROOM, BUILT-IN OVEN AND SURFACE UNIT IN KITCHEN SHOULD BE REPLACED. EXCELLENT SOUTH PEABODY LOCATION. PROPERTY NEEDS COSMETICS.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$160
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1960

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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 #30173056)

Price History

Date / Event Date Event Price
May 27, 2005 Sold
Premium
Sold
Sep 24, 1997 Sold
Premium
Sold
Jul 2, 1997 Listed by A. James Lynch, Inc. $159,500
Listed by A. James Lynch, Inc.
Sep 6, 1996 Sold
Premium
Sold
May 26, 1996 Listed by Leslie W. Harrington $159,900
Listed by Leslie W. Harrington
BRIGHT AND CHEERFUL 3 BR RANCH WITH FULL BASEMENT. LOVELY LOT OF LAND WITH MATURED PLANTINGS.

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 500
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,630
  • Total Building Area: 1,850
  • Gross Building Area: 1,850
  • Building Area: 1,850
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,850
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 14242
  • Parcel: PEAB M:0109 B:0262
  • Block: 262
  • Municipality: PEABODY
  • Latitude: 42.5107
  • Longitude: -70.9444

    Address

  • Full Address: 6 Rainbow Cir
  • Address - House Number: 6
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5720
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $493,700

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 654,575
  • High Value: 769,488
  • Low Value: 539,662

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,300
  • Assessed Land Value: $232,400
  • Assessed Improvements Value: $308,900

    Sales

  • Current Sale Recording Date: May 27, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 24, 1997
  • Previous Sale Amount: $154,500
  • 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

$410

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2212 ft²

Average Home Age

70.1 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 years ago
Data Source: MLS PIN, MLS# 30173056

Frequently Asked Questions

When was property at 6 Rainbow Circle built and last sold?
The property at 6 Rainbow Circle was built in 1960 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 6 Rainbow Circle is $0.
What are some comparable homes to 6 Rainbow Circle?
There are currently no comparable homes to 6 Rainbow Circle.
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