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Peabody 01960 Proctor
6 Reynolds Rd.
$305,000
● House - Off Market

6 Reynolds Rd.

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$427,161
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

This is an excellent opportunity for a first-time home buyer or contractor/investor. New to the market and ready for updating and renovation. This is a commuter's delight with easy access to Routes 114, 1, and 128 along with shopping. The neighborhood is a slice of Americana with mature trees, quiet streets,  and a playground. Put some work into it and make it your own . Peabody has municipal electric, a low tax rate, a flourishing downtown, and many civic activities.   Group showings.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$240
Property Type
House
Property Taxes
$238
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: 5 months ago (MLSPIN #72469856)

Price History

Date / Event Date Event Price
Nov 8, 2019 Sold
Premium
Sold
Mar 23, 2019 Listed by Century 21 North East $299,900
Listed by Century 21 North East

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • 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: 6,695
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000154
  • 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: 5895
  • Parcel: PEAB M:0052 B:0005
  • Block: 5
  • Municipality: PEABODY
  • Latitude: 42.5426
  • Longitude: -70.9387

    Address

  • Full Address: 6 Reynolds Rd
  • Address - House Number: 6
  • Address - Street Name: Reynolds
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C025
  • 4-Digit Zip Code: 1613
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $452,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 593,346
  • High Value: 687,067
  • Low Value: 499,624

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,100
  • Assessed Land Value: $232,900
  • Assessed Improvements Value: $263,200

    Sales

  • Current Sale Contract Date: Jul 23, 2019
  • Current Sale Recording Date: Nov 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191108002190
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:

$592,000

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1774 ft²

Average Home Age

67.4 years

Currently For Sale

20 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: 5 months ago
Data Source: MLS PIN, MLS# 72469856

Frequently Asked Questions

When was property at 6 Reynolds Road built and last sold?
The property at 6 Reynolds Road was built in 1950 and last sold on Jul 23, 2019 for $305,000.
How much is this home worth?
The estimated value of the home located at 6 Reynolds Road is $313,192.
What are some comparable homes to 6 Reynolds Road?
There are currently no comparable homes to 6 Reynolds Road.
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