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Peabody 01960 Proctor
7 Andover Terrace
$290,000
● House - Off Market

7 Andover Terrace

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,300 Ft²
$666,622
RealtyHop Estimate
105.61%
Since Mar 1, 2013
MA-Boston
Primary Model

About This Property

NOW ACCEPTING BACK UP OFFERS! RENOVATIONS JUST COMPLETED, NEW EVERYTHING!! SHOWS EXCELLENT! Are your clients looking for a Master "Retreat", Hardwood floors, 4 Large Bedrooms, 2.5 Stunning all tiled bathrooms, Custom Walk-in shower, Brand new Heat and A/c, Fantastic Granite Kitchen w/ Stainless Steel appliances, Open Floor Plan,  New electrical 200 amp service, Large full basement, Walk-in closets, Office/ play room, Next to Farnham Park ,
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$141
Property Type
House
Property Taxes
$161
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #71458298)

Price History

Date / Event Date Event Price
Feb 28, 2013 Sold
Premium
Sold
Nov 17, 2012 Listed by The Central Group $324,222
Listed by The Central Group
Sep 4, 2012 Sold
Premium
Sold
Jul 24, 2012 Listed by The Central Group $125,000
Listed by The Central Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 2012
  • 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: 16
  • 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: 108
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,520
  • Total Building Area: 2,112
  • Gross Building Area: 2,112
  • Building Area: 2,112
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,112
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000081
  • 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: 210401

Zoning

  • Zoning: R3

Geography

  • Account Number: 7620
  • Parcel: PEAB M:0064 B:0250
  • Block: 250
  • Municipality: PEABODY
  • Latitude: 42.5343
  • Longitude: -70.9301

    Address

  • Full Address: 7 Andover Ter
  • Address - House Number: 7
  • Address - Street Name: Andover
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C057
  • 4-Digit Zip Code: 3107
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $537,500

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 656,457
  • High Value: 770,344
  • Low Value: 542,570

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $589,400
  • Assessed Land Value: $191,100
  • Assessed Improvements Value: $398,300

    Sales

  • Current Sale Recording Date: Feb 28, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Sep 04, 2012
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: O
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:

$597,450

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1757 ft²

Average Home Age

76.9 years

Currently For Sale

17 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: 4 months ago
Data Source: MLS PIN, MLS# 71458298

Frequently Asked Questions

When was property at 7 Andover Terrace built and last sold?
The property at 7 Andover Terrace was built in 1900 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 7 Andover Terrace is $345,096.
What are some comparable homes to 7 Andover Terrace?
There are currently no comparable homes to 7 Andover Terrace.
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