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Peabody 01960 Peabody Town Center
7 Center Street Ct
$220,000
● House - Off Market

7 Center Street Ct

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
894 Ft²
$364,098
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

ADORABLE INTOWN COTTAGE OR CONDO ALTERNATIVE  WITH  LOVELY FENCED , LEVEL YARD  OFFERS LARGE EAT-IN  KITCHEN with PANTRY AND LIVING ROOM PLUS ENCLOSED FRONT ENTRY ON THE FIRST FLOOR , 2 BEDROOMS ON THE SECOND , A SMALL DEN AND A BASEMENT FOR STORAGE . IT DOES NEED UPDATING HOWEVER  ROOF, HOT WATER TANK AND HEATING SYSTEM  ARE ONLY 5YRS. OLD.  CLOSE TO DOWN TOWN, RESTAURANTS AND SHOPPING TOO!  EASY TO SHOW , by appointment only
Unit Size
894 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$302
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1880

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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 years ago (MLSPIN #72630511)

Price History

Date / Event Date Event Price
Jul 24, 2020 Sold
Premium
Sold
Mar 9, 2020 Listed by Armstrong Field Real Estate $270,000
Listed by Armstrong Field Real Estate

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,650
  • Total Building Area: 894
  • Gross Building Area: 894
  • Building Area: 894
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 894
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • 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: 210800

Zoning

  • Zoning: R2

Geography

  • Account Number: 9627
  • Parcel: PEAB M:0076 B:0057
  • Block: 57
  • Municipality: PEABODY
  • Latitude: 42.5284
  • Longitude: -70.9198

    Address

  • Full Address: 7 Center Street Ct
  • Address - House Number: 7
  • Address - Street Name: Center Street
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Peabody
  • Carrier Code: C006
  • 4-Digit Zip Code: 4439
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $287,600

    Appraisal Valuation

  • Standard Deviation: 0.256
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 410,366
  • High Value: 515,504
  • Low Value: 305,229

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $315,400
  • Assessed Land Value: $205,900
  • Assessed Improvements Value: $109,500

    Sales

  • Current Sale Contract Date: Jul 24, 2020
  • Current Sale Recording Date: Jul 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200724005000
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:

$542,450

Sale Price/ft²

$390

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1454 ft²

Average Home Age

79.8 years

Currently For Sale

19 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 years ago
Data Source: MLS PIN, MLS# 72630511

Frequently Asked Questions

When was property at 7 Center Street built and last sold?
The property at 7 Center Street was built in 1880 and last sold on Jul 24, 2020 for $220,000.
How much is this home worth?
The estimated value of the home located at 7 Center Street is $0.
What are some comparable homes to 7 Center Street?
There are currently no comparable homes to 7 Center Street.
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