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Peabody 01960 Peabody Town Center
6 Summer St
$425,000
● House - Off Market

6 Summer St

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,220 Ft²
$427,868
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Centrally located, spacious 4+ bedroom home in downtown Peabody. Contractor special in need of cosmetic work with detached barn/garage in back. First floor features main bedroom, living room, kitchen, flex bedroom or office and 1/2 bath. Second floor accessed by front or back stairway has three bedrooms and a full bath. Full walk up, heated attic with 2 additional rooms. Flexible rooms throughout to house guests, office, play room and more. Full basement with laundry hookups.Well maintained systems and gas utilities. Rear egress offers flexibility. Barn in rear of home with garage under accessed on back drive. Tons of potential for this property. Sold "AS IS".
Unit Size
2,220 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$180
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1852

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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 #73039247)

Price History

Date / Event Date Event Price
Nov 9, 2022 Sold
Premium
Sold
Sep 30, 2022 In contract -
In contract
Sep 21, 2022 Listed by Coldwell Banker Realty - Beverly $399,000
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1852
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 4,861
  • Total Building Area: 2,220
  • Gross Building Area: 2,220
  • Building Area: 2,220
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,220
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • 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: 210700

Zoning

  • Zoning: R2

Geography

  • Account Number: 10465
  • Parcel: PEAB M:0085 B:0159
  • Block: 159
  • Municipality: PEABODY
  • Latitude: 42.5251
  • Longitude: -70.9271

    Address

  • Full Address: 6 Summer St
  • Address - House Number: 6
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C018
  • 4-Digit Zip Code: 5513
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $381,200

    Appraisal Valuation

  • Standard Deviation: 0.2352
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 590,518
  • High Value: 732,714
  • Low Value: 448,321

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $418,000
  • Assessed Land Value: $200,400
  • Assessed Improvements Value: $217,600

    Sales

  • Current Sale Contract Date: Nov 08, 2022
  • Current Sale Recording Date: Nov 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20221109002620
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:

$579,900

Sale Price/ft²

$393

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1769 ft²

Average Home Age

90.2 years

Currently For Sale

18 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73039247

Frequently Asked Questions

When was property at 6 Summer Street built and last sold?
The property at 6 Summer Street was built in 1852 and last sold on Nov 8, 2022 for $425,000.
How much is this home worth?
The estimated value of the home located at 6 Summer Street is $421,942.
What are some comparable homes to 6 Summer Street?
There are currently no comparable homes to 6 Summer Street.
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