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Peabody 01960 West Peabody
8 Mandalay Drive
$253,900
● House - Off Market

8 Mandalay Drive

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,060 Ft²
$529,138
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

This is your opportunity to live in West Peabody on the Lynnfield line and build some equity in your home with some work and updating. It features hardwood floors, a fireplace, newer heating system, corner windows, a breezeway, a one car garage and a fenced yard. Located on a quiet cul-de-sac neighborhood with beautiful, well-kept homes, this ranch-style home sits on almost a 1/2 acre lot with mature landscaping and linden trees providing a cooling shade from the hot summer sun.
Unit Size
1,060 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$245
Property Type
House
Property Taxes
$267
HOA Dues
-
Year Built
1952

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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: 4 months ago (MLSPIN #71401661)

Price History

Date / Event Date Event Price
Aug 15, 2012 Sold
Premium
Sold
Jun 25, 2012 Listed by Armstrong Field Real Estate $259,900
Listed by Armstrong Field Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 17,729
  • Total Building Area: 1,060
  • Gross Building Area: 1,060
  • Building Area: 1,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERRICK ESTATES SEC 03
  • Land Acres: 0000000407
  • 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: 5050
  • Parcel: PEAB M:0044 B:0149
  • Block: 149
  • Municipality: PEABODY
  • Latitude: 42.5412
  • Longitude: -71.0197

    Address

  • Full Address: 8 Mandalay Dr
  • Address - House Number: 8
  • Address - Street Name: Mandalay
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C040
  • 4-Digit Zip Code: 4546
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $436,100

    Appraisal Valuation

  • Standard Deviation: 0.1842
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 576,799
  • High Value: 667,907
  • Low Value: 485,691

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $478,200
  • Assessed Land Value: $321,300
  • Assessed Improvements Value: $156,900

    Sales

  • Current Sale Recording Date: Aug 15, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
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

2193 ft²

Average Home Age

52.7 years

Currently For Sale

7 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: 4 months ago
Data Source: MLS PIN, MLS# 71401661

Frequently Asked Questions

When was property at 8 Mandalay Drive built and last sold?
The property at 8 Mandalay Drive was built in 1952 and last sold on Jan 1, 1970 for $253,900.
How much is this home worth?
The estimated value of the home located at 8 Mandalay Drive is $267,137.
What are some comparable homes to 8 Mandalay Drive?
There are currently no comparable homes to 8 Mandalay Drive.
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