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Peabody 01960 Proctor
7 Reed Road
$312,500
● House - Off Market

7 Reed Road

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,520 Ft²
$685,776
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

Very nice 4 bedroom, 2 bath Home with fireplace in livingroom.Den with slider to yard. Most rooms have Hardwood floors. New windows, doors , slider and High designed oil tank in the last few years. Quiet area not far from shopping and highways. One Level living with an open floor plan and separation of one bedroom and bath from the other 3 bedrooms.
Unit Size
1,520 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$223
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1958

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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 #71366591)

Price History

Date / Event Date Event Price
Jul 13, 2012 Sold
Premium
Sold
Apr 12, 2012 Listed by Conway - Swampscott $339,000
Listed by Conway - Swampscott
Oct 30, 2007 Sold
Premium
Sold
Aug 20, 2007 Listed by Conway - Swampscott $369,900
Listed by Conway - Swampscott

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,744
  • Gross Building Area: 1,744
  • Building Area: 1,744
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,744
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEFIELD PEABODY
  • Land Acres: 0000000230
  • 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: 210302

Zoning

  • Zoning: R1B

Geography

  • Account Number: 6865
  • Parcel: PEAB M:0061 B:0055
  • Block: 55
  • Municipality: PEABODY
  • Latitude: 42.5346
  • Longitude: -70.9576

    Address

  • Full Address: 7 Reed Rd
  • Address - House Number: 7
  • Address - Street Name: Reed
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C048
  • 4-Digit Zip Code: 2706
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $516,700

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 676,630
  • High Value: 783,506
  • Low Value: 569,753

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $566,600
  • Assessed Land Value: $297,500
  • Assessed Improvements Value: $269,100

    Sales

  • Current Sale Recording Date: Jul 13, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Oct 30, 2007
  • Previous Sale Amount: $365,000
  • 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 Proctor

Stats & Trends

Median Asking:

$604,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1885 ft²

Average Home Age

78.7 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: 4 months ago
Data Source: MLS PIN, MLS# 71366591

Frequently Asked Questions

When was property at 7 Reed Road built and last sold?
The property at 7 Reed Road was built in 1958 and last sold on Jan 1, 1970 for $312,500.
How much is this home worth?
The estimated value of the home located at 7 Reed Road is $350,035.
What are some comparable homes to 7 Reed Road?
There are currently no comparable homes to 7 Reed Road.
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