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Peabody 01960 Proctor
7 Fairmount
Photo of 7 Fairmount
Sold on Apr 25, 2025

24

Map

Photo of 7 Fairmount
Photo of 7 Fairmount
$645,000
● House - Off Market

7 Fairmount

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,778 Ft²
$3,482
Est. Monthly
4.19%
Cap Rate

About This Property

Welcome to 7 Fairmount Rd! This move-in ready home is nestled on a peaceful side street just off RT 114. Only minutes from Northshore Mall and Liberty Tree Mall, you'll have easy access to all the shopping and dining options along 114 while enjoying the quiet charm of Fairmount Rd. Completely renovated down to the studs in 2018, this home offers modern updates throughout. Plus, with easy access to Route 128, it's a commuter's dream. Featuring 2 bedrooms and 2 bathrooms, it also boasts additional finished space in the basement-perfect for expanding and personalizing this wonderful home!
Unit Size
1,778 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$349
Property Type
House
Property Taxes
$437
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: 4 months ago (MLSPIN #73346735)

Price History

Date / Event Date Event Price
Apr 25, 2025 Sold
Premium
Sold
Mar 21, 2025 In contract -
In contract
Mar 18, 2025 Listed $619,999
Listed
Aug 31, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed $499,900
Listed
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2018
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 218
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,586
  • Total Building Area: 1,778
  • Gross Building Area: 1,778
  • Building Area: 1,778
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,778
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • 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: R1A

Geography

  • Account Number: 7322
  • Parcel: PEAB M:0063 B:0159
  • Block: 159
  • Municipality: PEABODY
  • Latitude: 42.5356
  • Longitude: -70.9349

    Address

  • Full Address: 7 Fairmount Rd
  • Address - House Number: 7
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C038
  • 4-Digit Zip Code: 3123
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $524,500

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 660,564
  • High Value: 782,301
  • Low Value: 538,827

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $575,100
  • Assessed Land Value: $243,300
  • Assessed Improvements Value: $331,800

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210831000850
  • Previous Sale Recording Date: Feb 09, 2018
  • Previous Sale Amount: $232,000
  • Previous Sale Document Type: 71
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:

$609,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1918 ft²

Average Home Age

80.9 years

Currently For Sale

11 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# 73346735

Frequently Asked Questions

When was property at 7 Fairmount Road built and last sold?
The property at 7 Fairmount Road was built in 1920 and last sold on Aug 30, 2021 for $548,000.
How much is this home worth?
The estimated value of the home located at 7 Fairmount Road is $614,563.
What are some comparable homes to 7 Fairmount Road?
There are currently no comparable homes to 7 Fairmount Road.
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