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Peabody 01960 Peabody Town Center
7 Margin Ter
$330,000
● House - Off Market

7 Margin Ter

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,170 Ft²
$548,431
RealtyHop Estimate
63.76%
Since Feb 1, 2017
MA-Boston
Primary Model

About This Property

OPEN HOUSE ••• Thursday Night December 1, 2016•••• 6:00 PM to 7:00 PM ••• Stylish, well built 1940's Cape. Three bedrooms, one is on the first floor. Hardwood floors. Dining room. Nice big yard. Full basement with high ceiling's. Attached garage. Peabody/Danvers line. Great area. Close to shopping and restaurants.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$286
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1941

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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 #72065473)

Price History

Date / Event Date Event Price
Jan 12, 2017 Sold
Premium
Sold
Sep 10, 2016 Listed by RE/MAX Advantage Real Estate $334,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,170
  • Gross Building Area: 1,170
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 6307
  • Parcel: PEAB M:0054 B:0175
  • Block: 175
  • Municipality: PEABODY
  • Latitude: 42.541
  • Longitude: -70.9179

    Address

  • Full Address: 7 Margin Ter
  • Address - House Number: 7
  • Address - Street Name: Margin
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C012
  • 4-Digit Zip Code: 1857
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $410,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 569,616
  • High Value: 706,779
  • Low Value: 432,453

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,600
  • Assessed Land Value: $227,600
  • Assessed Improvements Value: $223,000

    Sales

  • Current Sale Contract Date: Jan 12, 2017
  • Current Sale Recording Date: Jan 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 579252
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:

$599,000

Sale Price/ft²

$387

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1686 ft²

Average Home Age

81.4 years

Currently For Sale

15 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# 72065473

Frequently Asked Questions

When was property at 7 Margin Terrace built and last sold?
The property at 7 Margin Terrace was built in 1941 and last sold on Jan 12, 2017 for $330,000.
How much is this home worth?
The estimated value of the home located at 7 Margin Terrace is $348,060.
What are some comparable homes to 7 Margin Terrace?
There are currently no comparable homes to 7 Margin Terrace.
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