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Peabody 01960 Peabody Town Center
61 Gardner Street
$550,000
● House - Off Market

61 Gardner Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,574 Ft²
$543,264
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Great opportunity to build sweat equity in this spacious 3 Bedroom 1.5 Bath Gambrel located in highly desirable Gardner Park in Peabody.  Paint your favorite neutral colors and shine up & repair the hardwood floors and this home is just what you want! Don't shy away from easy updates. Restore the pool or take it down and you'll have an even larger back yard . . . the choice is yours. Tremendous potential. Great Location near the train, downtown Salem, shopping, restaurants, and highways. Sold AS IS | AS SEEN.
Unit Size
1,574 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$349
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1920

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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 #73118343)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Jun 9, 2023 In contract -
In contract
May 31, 2023 Listed by Keller Williams Realty Evolution $549,000
Listed by Keller Williams Realty Evolution
Jul 12, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • 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: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,386
  • Total Building Area: 1,574
  • Gross Building Area: 1,574
  • Building Area: 1,574
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,574
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ONE GREEN STREET
  • Land Acres: 0000000147
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 7742
  • Parcel: PEAB M:0065 B:0104
  • Block: 104
  • Municipality: PEABODY
  • Latitude: 42.5356
  • Longitude: -70.9214

    Address

  • Full Address: 61 Gardner St
  • Address - House Number: 61
  • Address - Street Name: Gardner
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C004
  • 4-Digit Zip Code: 1803
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $468,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 622,378
  • High Value: 737,078
  • Low Value: 507,678

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $514,000
  • Assessed Land Value: $207,500
  • Assessed Improvements Value: $306,500

    Sales

  • Current Sale Contract Date: Aug 31, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230901000730
  • Previous Sale Recording Date: Jul 12, 2000
  • Previous Sale Amount: $236,000
  • 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:

$555,000

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1593 ft²

Average Home Age

75.1 years

Currently For Sale

14 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# 73118343

Frequently Asked Questions

When was property at 61 Gardner Street built and last sold?
The property at 61 Gardner Street was built in 1920 and last sold on Aug 31, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 61 Gardner Street is $558,134.
What are some comparable homes to 61 Gardner Street?
There are currently no comparable homes to 61 Gardner Street.
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