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Peabody 01960 Peabody Town Center
8 Driscoll Street
$391,000
● House - Off Market

8 Driscoll Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,513 Ft²
$593,654
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Offers Due Tues 5/2 @ 12PM! Charm abounds in this adorable home, located minutes from Route 128 and beautiful downtown Salem! Enter this immaculate home and be greeted by a welcoming foyer with hall closet. Delight in the stunning wood flooring and detail throughout the open living and dining areas, complete with gas fireplace. Spacious kitchen is well-cared for, ripe for a light renovation, and offers an excellent layout and plenty of storage space. Access the level fenced-in backyard off the main floor of the house, where you'll love to play, dine, and entertain outdoors! Upstairs, you'll find three roomy bedrooms, all with big closets, plus a large full bathroom with double vanity, tub, and linen cabinet. The basement should meet all your needs for fun and relaxation, complete with a wet bar and second fireplace!
Unit Size
1,513 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$251
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72153873)

Price History

Date / Event Date Event Price
Jun 12, 2017 Sold
Premium
Sold
Apr 27, 2017 Listed by RE/MAX Leading Edge $379,000
Listed by RE/MAX Leading Edge
Aug 19, 2013 Sold
Premium
Sold
Jun 12, 2013 Listed by RE/MAX Leading Edge $334,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 4,635
  • Total Building Area: 1,513
  • Gross Building Area: 1,513
  • Building Area: 1,513
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,513
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 9870
  • Parcel: PEAB M:0076 B:0282-A
  • Block: 282-A
  • Municipality: PEABODY
  • Latitude: 42.5295
  • Longitude: -70.916

    Address

  • Full Address: 8 Driscoll St
  • Address - House Number: 8
  • Address - Street Name: Driscoll
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C007
  • 4-Digit Zip Code: 1916
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,800

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 644,424
  • High Value: 759,439
  • Low Value: 529,409

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $573,200
  • Assessed Land Value: $198,900
  • Assessed Improvements Value: $374,300

    Sales

  • Current Sale Recording Date: Jun 12, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 382
  • Previous Sale Recording Date: Aug 19, 2013
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Peabody Town Center

Stats & Trends

Median Asking:

$579,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1534 ft²

Average Home Age

76.1 years

Currently For Sale

16 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72153873

Frequently Asked Questions

When was property at 8 Driscoll Street built and last sold?
The property at 8 Driscoll Street was built in 1974 and last sold on Jan 1, 1970 for $391,000.
How much is this home worth?
The estimated value of the home located at 8 Driscoll Street is $392,254.
What are some comparable homes to 8 Driscoll Street?
There are currently no comparable homes to 8 Driscoll Street.
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