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Peabody 01960 Peabody Town Center
61 Newcastle Rd
$430,000
● House - Off Market

61 Newcastle Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,476 Ft²
$636,392
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

First Showing is at Open House Sunday July 8th 2018 from 11 to 1pm.  This 6 Room Cape is in excellent condition features Kitchen with Breakfast bar open to Dining Room and Living room both with Hardwood floors. the Family room has a propane gas fireplace, hardwood floors Cathedral Ceiling and door to large deck overlooking fenced back yard with shed.  The front to back  Master bedroom is on the first floor.  Upstairs has 2 additional bedrooms and a 1/2 bath.  Also a full unfinished basement great for storage.  All this in one of Peabody's best neighborhoods on a quiet street and a short walk to Treadwell's ice cream.    ANY OFFERS DUE by JULY 9th 2018  by 6 P.M.  thank you
Unit Size
1,476 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$291
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
1948

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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 #72357787)

Price History

Date / Event Date Event Price
Aug 17, 2018 Sold
Premium
Sold
Jul 7, 2018 Listed by The Thomson Companies $429,900
Listed by The Thomson Companies
Mar 1, 1983 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1996
  • 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: 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: 8,499
  • Total Building Area: 1,476
  • Gross Building Area: 1,476
  • Building Area: 1,476
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,476
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000195
  • 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: 7525
  • Parcel: PEAB M:0064 B:0151
  • Block: 151
  • Municipality: PEABODY
  • Latitude: 42.5347
  • Longitude: -70.9243

    Address

  • Full Address: 61 Newcastle Rd
  • Address - House Number: 61
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C004
  • 4-Digit Zip Code: 3271
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $466,200

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 601,295
  • High Value: 696,272
  • Low Value: 506,318

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $511,200
  • Assessed Land Value: $243,200
  • Assessed Improvements Value: $268,000

    Sales

  • Current Sale Recording Date: Aug 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180817005280
  • Previous Sale Recording Date: Mar 01, 1983
  • Previous Sale Amount: $74,000
  • 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:

$579,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1534 ft²

Average Home Age

76.1 years

Currently For Sale

16 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# 72357787

Frequently Asked Questions

When was property at 61 Newcastle Road built and last sold?
The property at 61 Newcastle Road was built in 1948 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 61 Newcastle Road is $441,957.
What are some comparable homes to 61 Newcastle Road?
There are currently no comparable homes to 61 Newcastle Road.
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