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Peabody 01960 Proctor
7 Sherry Lee Lane
$780,000
● House - Off Market

7 Sherry Lee Lane

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,463 Ft²
$834,892
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to the neighborhood! This beautiful home is located on a peaceful, tree lined cul-de-sac within a mile of Brooksby Farm. A short drive from all major roadways and all the amenities that downtown Peabody has to offer including grocery stores, shopping, restaurants, and more! Exceptionally cared for inside and out, this spacious home boasts cathedral ceilings in the formal living room and dining room, an oversized patio, and a pass through kitchen. Enjoy a cozy fire in the generous den downstairs or retire to one of the four full bedrooms in the house. There are three full bathrooms including an oversized en-suite master bath, laundry room and attached two car garage. This home is not to be missed!
Unit Size
2,463 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$294
Property Type
House
Property Taxes
$507
HOA Dues
-
Year Built
1987

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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 years ago (MLSPIN #72821724)

Price History

Date / Event Date Event Price
Jun 14, 2021 Sold
Premium
Sold
Apr 28, 2021 Listed by RE/MAX 360 $724,999
Listed by RE/MAX 360
Jun 4, 2001 Sold
Premium
Sold
Mar 23, 1988 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 42
  • 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: 800
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 2,463
  • Gross Building Area: 2,463
  • Building Area: 2,463
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,463
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: 210301

Zoning

  • Zoning: R1A

Geography

  • Account Number: 5856
  • Parcel: PEAB M:0050 B:0133
  • Block: 133
  • Municipality: PEABODY
  • Latitude: 42.5401
  • Longitude: -70.9603

    Address

  • Full Address: 7 Sherry Lee Ln
  • Address - House Number: 7
  • Address - Street Name: Sherry Lee
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Peabody
  • Carrier Code: C005
  • 4-Digit Zip Code: 1443
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $746,200

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 919,413
  • High Value: 1,065,103
  • Low Value: 773,723

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $818,200
  • Assessed Land Value: $318,800
  • Assessed Improvements Value: $499,400

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jun 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210614003130
  • Previous Sale Recording Date: Jun 04, 2001
  • Previous Sale Amount: $430,000
  • 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:

$604,500

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1711 ft²

Average Home Age

69.5 years

Currently For Sale

17 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72821724

Frequently Asked Questions

When was property at 7 Sherry Lee Lane built and last sold?
The property at 7 Sherry Lee Lane was built in 1987 and last sold on Jun 14, 2021 for $780,000.
How much is this home worth?
The estimated value of the home located at 7 Sherry Lee Lane is $746,113.
What are some comparable homes to 7 Sherry Lee Lane?
There are currently no comparable homes to 7 Sherry Lee Lane.
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