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Peabody 01960 West Peabody
7 Madison Ave
$389,500
● House - Off Market

7 Madison Ave

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,554 Ft²
$698,843
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

LOCATION,  LOCATION, LOCATION!!  This cozy cape is situated on a 15,000+ sq.ft lot on a quiet side street in desirable Presidential Heights area of West Peabody! This 3 bdrm home boasts 2 full baths, hardwood floors ,maintenance free exterior, and a huge fenced in yard w/shed, perfect for gardening and entertaining! Partially finished walk out basement, with room for a play room or extra family room. Great potential to add on! Off-street parking for 4 cars and close to Routes 1, 114, and 128. Close to schools, churches, shopping areas and a walking trail. Ductwork in place for central A/C, you just need to hook up a unit! Come take a look!
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$257
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71891577)

Price History

Date / Event Date Event Price
Oct 1, 2015 Sold
Premium
Sold
Aug 19, 2015 Listed by Coldwell Banker Residential Brokerage - Lynnfield $399,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Mar 30, 2007 Sold
Premium
Sold
Nov 13, 2006 Listed by Coldwell Banker Residential Brokerage - Lynnfield $409,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,599
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000358
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 2328
  • Parcel: PEAB M:0015 B:0062
  • Block: 62
  • Municipality: PEABODY
  • Latitude: 42.5571
  • Longitude: -71.0126

    Address

  • Full Address: 7 Madison Ave
  • Address - House Number: 7
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Peabody
  • Carrier Code: C026
  • 4-Digit Zip Code: 2121
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $550,000

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 657,235
  • High Value: 771,257
  • Low Value: 543,213

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $603,100
  • Assessed Land Value: $319,300
  • Assessed Improvements Value: $283,800

    Sales

  • Current Sale Recording Date: Oct 01, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 309
  • Previous Sale Recording Date: Mar 30, 2007
  • Previous Sale Amount: $387,500
  • Previous Sale Document Type: 27
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 West Peabody

Stats & Trends

Median Asking:

$735,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2127 ft²

Average Home Age

53.5 years

Currently For Sale

12 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# 71891577

Frequently Asked Questions

When was property at 7 Madison Avenue built and last sold?
The property at 7 Madison Avenue was built in 1960 and last sold on Jan 1, 1970 for $389,500.
How much is this home worth?
The estimated value of the home located at 7 Madison Avenue is $409,956.
What are some comparable homes to 7 Madison Avenue?
There are currently no comparable homes to 7 Madison Avenue.
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