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Peabody 01960 South Peabody
7 Glendale Ave
$555,000
● House - Off Market

7 Glendale Ave

Peabody, MA 01960
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,052 Ft²
$483,891
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to this well maintained and affordable single family in desirable Brown's Pond neighborhood of Peabody!  This 2 Bed, 1 Bath home is loaded with natural light and offers much of its original craftsman's detail.  Potential 3rd bedroom or office in the walk up 2nd level.  Spacious kitchen with plenty of cabinet space and eat-in area.  Open concept Formal Dining Room and Living Room.  Beautiful Hardwood Floors, Freshly Painted, and Gas Heating.  3-Season Farmer's porch.  1st Floor laundry hook up.  Sizable Deck overlooking a Fenced-in Yard including a Storage Shed.  Plenty of storage in the basement or 2nd level.  Open House 8/19 and 8/20 from 11-1230!
Unit Size
1,052 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$465
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1921

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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 #73149539)

Price History

Date / Event Date Event Price
Sep 25, 2023 Sold
Premium
Sold
Aug 22, 2023 In contract -
In contract
Aug 17, 2023 Listed by RE/MAX 360 $489,000
Listed by RE/MAX 360
Mar 1, 1978 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 100
  • 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: 5,001
  • Total Building Area: 1,052
  • Gross Building Area: 1,052
  • Building Area: 1,052
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,052
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 210500

Zoning

  • Zoning: R1A

Geography

  • Account Number: 15100
  • Parcel: PEAB M:0120 B:0035
  • Block: 35
  • Municipality: PEABODY
  • Latitude: 42.5017
  • Longitude: -70.9569

    Address

  • Full Address: 7 Glendale Ave
  • Address - House Number: 7
  • Address - Street Name: Glendale
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C009
  • 4-Digit Zip Code: 6508
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $445,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 563,299
  • High Value: 661,949
  • Low Value: 464,649

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $488,400
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $268,400

    Sales

  • Current Sale Contract Date: Sep 07, 2023
  • Current Sale Recording Date: Sep 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 646930
  • Previous Sale Recording Date: Aug 20, 2009
  • Previous Sale Document Type: 48
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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$400

Below Asking

0.01%

Average Days on Market

44

Average Home Size

1909 ft²

Average Home Age

88.1 years

Currently For Sale

13 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73149539

Frequently Asked Questions

When was property at 7 Glendale Avenue built and last sold?
The property at 7 Glendale Avenue was built in 1921 and last sold on Sep 7, 2023 for $555,000.
How much is this home worth?
The estimated value of the home located at 7 Glendale Avenue is $496,216.
What are some comparable homes to 7 Glendale Avenue?
There are currently no comparable homes to 7 Glendale Avenue.
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