$277,000
●
Condo -
Off Market
7 Ledgewood Way #21
Peabody, MA 01960
2 Beds
2 Baths
1,325 Ft²
$483,939
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model
About This Property
Welcome home to your bright, airy, and serene 2 bed/2 bath
cathedral style condo with vaulted ceilings throughout. This is
truly one level living at it's finest. This rarely available and
highly coveted END unit penthouse at Ledgewood is one of only a few
in entire complex! According to the calendar, spring is here and
it's time to enjoy this open concept, turn key unit with sliders to
a private balcony overlooking the grounds. Eat in kitchen with
spacious dining area, ample counters and cabinets, along with view
out the window! In unit laundry room and storage. Take the elevator
up from the deeded underground garage parking and additional
storage room. SOON you'll be able to enjoy the pool, tennis courts,
and newly renovated clubhouse, all in proximity to great shops,
restaurants and major highways. Showings begin and are LIMITED ONLY
TO open houses on Friday, 3/27 from 11a-12:30p and Saturday, 3/28
from 12-2p. Highest and best offers from open houses reviewed on
Monday, 3/30 at 5pm.
Unit Size
1,325 Ft²
Days on Market
-
Land Size
-
Price per sqft
$207
Property Type
Condo
Property Taxes
$228
HOA Dues
$345
Year Built
1984
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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 #71805558)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 5, 2015 | Sold | ||
| Sold | |||
| Mar 24, 2015 | Listed by MET Realty | $274,900 | |
| Listed by MET Realty | |||
| | |||
|
Welcome home to your bright, airy, and serene 2 bed/2 bath cathedral style condo with vaulted ceilings throughout. This is truly one level living at it's finest. This rarely available and highly coveted END unit penthouse at Ledgewood is one of only a few in entire complex! According to the calendar, spring is here and it's time to enjoy this open concept, turn key unit with sliders to a private balcony overlooking the grounds. Eat in kitchen with spacious dining area, ample counters and cabinets, along with view out the window! In unit laundry room and storage. Take the elevator up from the deeded underground garage parking and additional storage room. SOON you'll be able to enjoy the pool, tennis courts, and newly renovated clubhouse, all in proximity to great shops, restaurants and major highways. Showings begin and are LIMITED ONLY TO open houses on Friday, 3/27 from 11a-12:30p and Saturday, 3/28 from 12-2p. Highest and best offers from open houses reviewed on Monday, 3/30 at 5pm.
| |||
| Jul 11, 2013 | Sold | ||
| Sold | |||
| Jun 7, 2013 | Listed by Berkshire Hathaway HomeServices Verani Realty | $255,000 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
| | |||
|
Spacious corner penthouse unit in elevator building at desirable Ledgewood Condominiums. This large, sunfilled 2 bedroom/2 bath open concept home is in move-in condition with private balcony off living room. Unit also has eat in kitchen & in unit laundry, along with deeded parking in heated garage & storage. Additional ammenities include pool, tennis court & club house. Complex is conveniently located near schools, shopping and major highways.
| |||
Property Highlights
Parking Available
Garage
Elevator
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Garage Door Opener, Storage, Deeded, Garage Faces Side, Off Street, Guest, Paved, Under
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Unit, Third Floor
Rooms: 5
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1325
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1984
Building Name: Ledgewood Condominiums
Building Area Total: 1325
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick, Stone
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Tax Lot: 671
Water Source: Public
Financial Details
Tax Map Number: 027
Tax Assessed Value: $222,200
Tax Annual Amount: $2,733
Utilities Details
Cooling Type: Central Air, Heat Pump, Individual, Unit Control
Heating Type: Central, Forced Air, Heat Pump, Electric, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Pool, Elevator(s), Tennis Court(s), Storage, Clubroom
HOA Fee: $345
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/20/2026
|
2 Bed
|
2 Bath
|
1326 ft²
|
$445,000
2 Bed
2 Bath
1326 ft²
|
$415,000
-6.74%
06/12/2026
|
Kimberly O'Donnell
Maloney Properties, Inc.
| |
|
10/08/2025
|
2 Bed
|
2 Bath
|
1301 ft²
|
$499,000
2 Bed
2 Bath
1301 ft²
|
$425,000
-14.83%
12/31/2025
|
Deborah Terlik
Keller Williams Realty
| |
|
01/21/2025
|
2 Bed
|
2 Bath
|
1311 ft²
|
$499,000
2 Bed
2 Bath
1311 ft²
|
$505,000
+1.20%
03/28/2025
|
Rosa Rescigno
Mango Realty, Inc.
| |
|
01/10/2023
|
2 Bed
|
2 Bath
|
1317 ft²
|
$459,000
2 Bed
2 Bath
1317 ft²
|
$450,000
-1.96%
02/01/2023
|
Sandra Gardner
Smart Move Realty
| |
|
10/03/2022
|
2 Bed
|
2 Bath
|
1295 ft²
|
$419,900
2 Bed
2 Bath
1295 ft²
|
$446,000
+6.22%
11/16/2022
|
Jocelyn Jhonson
eXp Realty
| |
|
06/09/2022
|
2 Bed
|
2 Bath
|
1403 ft²
|
$449,900
2 Bed
2 Bath
1403 ft²
|
$441,000
-1.98%
08/29/2022
|
The D & Z Group
Keller Williams Realty Evolution
| |
|
09/09/2020
|
2 Bed
|
2 Bath
|
1311 ft²
|
$379,900
2 Bed
2 Bath
1311 ft²
|
$385,000
+1.34%
10/30/2020
|
Michelle McNall
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
08/20/2020
|
2 Bed
|
2 Bath
|
1295 ft²
|
$368,900
2 Bed
2 Bath
1295 ft²
|
$360,000
-2.41%
10/23/2020
|
Nicholas Silvestri
Keller Williams Realty
| |
|
12/08/2017
|
2 Bed
|
2 Bath
|
1325 ft²
|
$319,900
2 Bed
2 Bath
1325 ft²
|
$315,000
-1.53%
01/23/2018
|
Judy Mason
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
01/27/2017
|
1 Bed
|
1 Bath
|
1044 ft²
|
$229,900
1 Bed
1 Bath
1044 ft²
|
$231,600
+0.74%
03/16/2017
|
Marianne Mahoney
Lyv Realty
| |
|
03/04/2016
|
2 Bed
|
2 Bath
|
1309 ft²
|
$299,000
2 Bed
2 Bath
1309 ft²
|
$295,000
-1.34%
05/06/2016
|
David Rockett
Conway - Lakeville
| |
|
03/03/2016
|
2 Bed
|
2 Bath
|
1342 ft²
|
$299,995
2 Bed
2 Bath
1342 ft²
|
$298,000
-0.67%
04/08/2016
|
Candice Pagliarulo Hodgson
Lyv Realty
| |
|
06/25/2015
|
2 Bed
|
2 Bath
|
1337 ft²
|
$272,000
2 Bed
2 Bath
1337 ft²
|
$272,000
08/31/2015
|
The Mavroules Team
Good Deeds Realty Partners
| |
|
03/24/2015
|
2 Bed
|
2 Bath
|
1325 ft²
|
$274,900
2 Bed
2 Bath
1325 ft²
|
$277,000
+0.76%
05/05/2015
|
Luciano Leone Team
RE/MAX 360
| |
|
02/08/2014
|
2 Bed
|
2 Bath
|
1403 ft²
|
$259,900
2 Bed
2 Bath
1403 ft²
|
$259,900
04/14/2014
|
Cookie Melanson
Century 21 North East
| |
|
06/07/2013
|
2 Bed
|
2 Bath
|
1325 ft²
|
$255,000
2 Bed
2 Bath
1325 ft²
|
$255,000
07/11/2013
|
Susan Vail
BHHS Verani Wolfeboro
| |
|
12/19/2011
|
2 Bed
|
2 Bath
|
1403 ft²
|
$239,900
2 Bed
2 Bath
1403 ft²
|
$220,000
-8.30%
08/20/2012
|
Carol Orenstein
Coldwell Banker Realty - Lynnfield
| |
|
08/16/2010
|
2 Bed
|
2 Bath
|
1319 ft²
|
$247,000
2 Bed
2 Bath
1319 ft²
|
$240,000
-2.83%
10/29/2010
|
Debra Molle
Coldwell Banker Realty - Lynnfield
| |
|
10/15/2009
|
1 Bed
|
2 Bath
|
1044 ft²
|
$192,000
1 Bed
2 Bath
1044 ft²
|
$188,000
-2.08%
11/30/2009
|
Gina Jones
Barrett, Chris. J., REALTORS®
| |
|
07/25/2008
|
2 Bed
|
2 Bath
|
1342 ft²
|
$252,500
2 Bed
2 Bath
1342 ft²
|
$225,000
-10.89%
10/17/2008
|
Cookie Melanson
Century 21 North East
| |
|
04/26/2004
|
2 Bed
|
2 Bath
|
1337 ft²
|
$289,000
2 Bed
2 Bath
1337 ft²
|
$285,000
-1.38%
08/02/2004
|
Sandy Carpentier
Carlson GMAC Real Estate
| |
|
03/22/2004
|
2 Bed
|
2 Bath
|
1342 ft²
|
$284,900
2 Bed
2 Bath
1342 ft²
|
$280,000
-1.72%
05/20/2004
|
Mark Karahalis
Realty Executives Tri Town
| |
|
08/22/2001
|
2 Bed
|
2 Bath
|
1311 ft²
|
$239,900
2 Bed
2 Bath
1311 ft²
|
$235,000
-2.04%
10/11/2001
|
Roberta Nelson
Classified Realty Group
| |
|
03/31/1999
|
2 Bed
|
2 Bath
|
1300 ft²
|
$144,900
2 Bed
2 Bath
1300 ft²
|
$144,900
05/28/1999
|
Vincent Serino
Century 21 North East
| |
|
02/04/1999
|
2 Bed
|
2 Bath
|
1050 ft²
|
$139,900
2 Bed
2 Bath
1050 ft²
|
$136,000
-2.79%
04/29/1999
|
Marina Zamakis
Bertolino and Associates Real Estate
| |
|
04/14/1998
|
2 Bed
|
3 Bath
|
1432 ft²
|
$152,000
2 Bed
3 Bath
1432 ft²
|
$153,000
+0.66%
06/30/1998
|
June Silva
Century 21 Signature Properties
| |
|
10/08/1997
|
2 Bed
|
2 Bath
|
1300 ft²
|
$137,500
2 Bed
2 Bath
1300 ft²
|
$136,000
-1.09%
01/23/1998
|
Carol Skinner
Century 21 N. Shore
| |
|
05/10/1997
|
2 Bed
|
2 Bath
|
1366 ft²
|
$129,900
2 Bed
2 Bath
1366 ft²
|
$125,500
-3.39%
09/05/1997
|
Mary Ann Macaione
Re/max Unlimited R. E., Inc.
| |
|
01/12/1995
|
2 Bed
|
2 Bath
|
1331 ft²
|
$119,900
2 Bed
2 Bath
1331 ft²
|
$115,000
-4.09%
10/31/1995
|
Marsha Weiss
Re/max Top Achievers, Inc.
| |
|
03/02/1993
| |
Loft
|
2 Bath
|
-
|
$111,750
Loft
2 Bath
|
$104,000
-6.94%
06/02/1993
|
Michael Barrett
Toohey & Barrett Assist 2 Selll
|
Building Info
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