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Peabody 01960 South Peabody
8 Demoree Terrace
Photo of 8 Demoree Terrace
Sold on Oct 20, 2006

1

Map

$455,000
● House - Off Market

8 Demoree Terrace

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,900 Ft²
$853,103
RealtyHop Estimate
85.50%
Since Nov 1, 2006
MA-Boston
Primary Model

About This Property

ATTENTION BUYERS! BUILDER OFFERING $2500 FOR CLOSING COSTS! Terrific new Colonial for a terrific new price!! A nice deck overlooking large wooded lot at end of street with conservation land.  Full basement walk out to back yard. Open floor plan with large eat-in kitchen. Master bedroom with walk-in closet and tiled master bath. Walk-up to unfinished 3rd floor with potential for 2 more BR's & bath or office & guest room. Don't miss a great opportunity to own a new home in convenient location!
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$242
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005

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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 #70333166)

Price History

Date / Event Date Event Price
Oct 19, 2006 Sold
Premium
Sold
Feb 16, 2006 Listed $459,900
Listed

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 16,204
  • Total Building Area: 1,961
  • Gross Building Area: 1,961
  • Building Area: 1,961
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,961
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PEABODY
  • Land Acres: 0000000372
  • 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: 210402

Zoning

  • Zoning: R1B

Geography

  • Account Number: 11768
  • Parcel: PEAB M:0098 B:0103
  • Block: 103
  • Municipality: PEABODY
  • Latitude: 42.5144
  • Longitude: -70.9884

    Address

  • Full Address: 8 Demoree Ter
  • Address - House Number: 8
  • Address - Street Name: Demoree
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Peabody
  • Carrier Code: C002
  • 4-Digit Zip Code: 4804
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $672,100
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 758,043
  • High Value: 913,125
  • Low Value: 602,962

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $736,900
  • Assessed Land Value: $249,600
  • Assessed Improvements Value: $487,300

    Sales

  • Current Sale Recording Date: Oct 19, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 19, 2006
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1834 ft²

Average Home Age

88.6 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70333166

Frequently Asked Questions

When was property at 8 Demoree Terrace built and last sold?
The property at 8 Demoree Terrace was built in 2005 and last sold on Jan 1, 1970 for $455,000.
How much is this home worth?
The estimated value of the home located at 8 Demoree Terrace is $478,220.
What are some comparable homes to 8 Demoree Terrace?
There are currently no comparable homes to 8 Demoree Terrace.
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