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Peabody 01960 West Peabody
700 Lowell St
$425,000
● House - Off Market

700 Lowell St

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,470 Ft²
$608,079
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

Great Bones as they Say!!  Wonderful older colonial with wide staircase and hall area upstairs in bedroom level.  Full large bath and knotty pine office room.  All hardwood floors through out the home, front to back Living Room with wood burning Fireplace.  One family owned home.  Very large yard especially in the back of the home.  Plenty of off street parking.  Family TV room off of the eat in kitchen. Dining room separate.  Full basement which is partially finished.  Needs your Cosmetic touches  Showings begin Sunday with open House  June 2nd  1230-130pm
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$289
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #72510342)

Price History

Date / Event Date Event Price
Sep 9, 2019 Sold
Premium
Sold
May 31, 2019 Listed by RE/MAX Advantage Real Estate $425,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 22,041
  • Total Building Area: 1,470
  • Gross Building Area: 1,470
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000506
  • 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: 210200

Zoning

  • Zoning: R1

Geography

  • Account Number: 3206
  • Parcel: PEAB M:0023 B:0077
  • Block: 77
  • Municipality: PEABODY
  • Latitude: 42.5495
  • Longitude: -71.0136

    Address

  • Full Address: 700 Lowell St
  • Address - House Number: 700
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C037
  • 4-Digit Zip Code: 3475
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 630,595
  • High Value: 743,142
  • Low Value: 518,048

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $572,600
  • Assessed Land Value: $292,900
  • Assessed Improvements Value: $279,700

    Sales

  • Current Sale Contract Date: Sep 06, 2019
  • Current Sale Recording Date: Sep 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190909001310
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:

$739,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2238 ft²

Average Home Age

54.3 years

Currently For Sale

9 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72510342

Frequently Asked Questions

When was property at 700 Lowell Street built and last sold?
The property at 700 Lowell Street was built in 1960 and last sold on Sep 6, 2019 for $425,000.
How much is this home worth?
The estimated value of the home located at 700 Lowell Street is $436,845.
What are some comparable homes to 700 Lowell Street?
There are currently no comparable homes to 700 Lowell Street.
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