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Peabody 01960 West Peabody
720 Lowell Street
$395,000
● House - Off Market

720 Lowell Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,624 Ft²
$668,570
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

West Peabody Ranch with full basement on the desirable end of Lowell Street towards Lynnfield and across from Bailey Circle!  This loving home has been owned by the same family throughout its existence and was once part of which was once called Martin Farm!   In need of some interior TLC but has many updates which include newer siding, replaced windows and architectural shingled roof!!!!!!.  Large lovely level lot!  Fireplaced living room for cozying up on the couch.....This home is a true winner for whom who sees the beauty of what this home has to offer !  Large lower level can be worked and finished as added space and is not included in GLA!  Great curb appeal!  Don't let the main road confuse you and miss out on this one WEST PEABODY seekers!
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$264
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1957

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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 months ago (MLSPIN #72206104)

Price History

Date / Event Date Event Price
Dec 12, 2019 Sold
Premium
Sold
Sep 28, 2017 Sold
Premium
Sold
Jul 31, 2017 Listed by Century 21 North Shore $429,000
Listed by Century 21 North Shore

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 2
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,098
  • Total Building Area: 1,624
  • Gross Building Area: 1,624
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LOWELL STREET
  • Land Acres: 0000000347
  • 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: 3139
  • Parcel: PEAB M:0023 B:0014
  • Block: 14
  • Municipality: PEABODY
  • Latitude: 42.5508
  • Longitude: -71.0185

    Address

  • Full Address: 720 Lowell St
  • Address - House Number: 720
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C037
  • 4-Digit Zip Code: 3463
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 764,522
  • High Value: 896,583
  • Low Value: 632,461

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $600,500
  • Assessed Land Value: $287,000
  • Assessed Improvements Value: $313,500

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Dec 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191212004150
  • Previous Sale Recording Date: Sep 28, 2017
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: O
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

2158 ft²

Average Home Age

55.4 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72206104

Frequently Asked Questions

When was property at 720 Lowell Street built and last sold?
The property at 720 Lowell Street was built in 1957 and last sold on Dec 12, 2019 for $695,000.
How much is this home worth?
The estimated value of the home located at 720 Lowell Street is $439,340.
What are some comparable homes to 720 Lowell Street?
There are currently no comparable homes to 720 Lowell Street.
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