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Peabody 01960 West Peabody
8 Manor Drive
$382,500
● House - Off Market

8 Manor Drive

Peabody, MA 01960
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,720 Ft²
$676,609
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

INCREDIBLE RANCH HOME WITH LOTS OF LIVING SPACE LOCATED IN THE BURKE SCHOOL NEIGHBORHOOD OF WEST PEABODY! Ideal and versatile floor plan with many updates including newer windows, roof, electrical service and 2014 GAS HEATING. Living room that opens to a spacious kitchen with some updated appliances and dining area.  Everyday living in the family room off the kitchen with a warm brick fireplace and sliding doors that lead to the backyard. Addition to this home offers two additional spacious bedrooms for a total of 5 bedrooms. This area could be turned into private living space for a family member or a potential in-law set up. UNBELIEVABLE BACKYARD both large and level with lots of room for that in-ground pool you always wanted.   Over-sized garage and located a nice side street near Symphony Park.
Unit Size
1,720 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$233
Property Type
House
Property Taxes
$332
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: 4 months ago (MLSPIN #71957658)

Price History

Date / Event Date Event Price
Apr 25, 2016 Sold
Premium
Sold
Feb 10, 2016 Listed by Coldwell Banker Residential Brokerage - Lynnfield $399,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Apr 29, 2008 Sold
Premium
Sold
Feb 11, 2008 Listed by Coldwell Banker Residential Brokerage - Lynnfield $369,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,896
  • Total Building Area: 1,720
  • Gross Building Area: 1,720
  • Building Area: 1,720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,720
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KNOLLWOOD HEIGHTS SUB LAND PEA
  • Land Acres: 0000000594
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 1443
  • Parcel: PEAB M:0007 B:0044
  • Block: 44
  • Municipality: PEABODY
  • Latitude: 42.5604
  • Longitude: -71.0321

    Address

  • Full Address: 8 Manor Dr
  • Address - House Number: 8
  • Address - Street Name: Manor
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Peabody
  • Carrier Code: C030
  • 4-Digit Zip Code: 2058
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $527,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 724,287
  • High Value: 839,224
  • Low Value: 609,350

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $578,200
  • Assessed Land Value: $329,100
  • Assessed Improvements Value: $249,100

    Sales

  • Current Sale Recording Date: Apr 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 288
  • Previous Sale Recording Date: Apr 29, 2008
  • Previous Sale Amount: $350,000
  • 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 West Peabody

Stats & Trends

Median Asking:

$732,500

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

51

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71957658

Frequently Asked Questions

When was property at 8 Manor Drive built and last sold?
The property at 8 Manor Drive was built in 1960 and last sold on Jan 1, 1970 for $382,500.
How much is this home worth?
The estimated value of the home located at 8 Manor Drive is $401,552.
What are some comparable homes to 8 Manor Drive?
There are currently no comparable homes to 8 Manor Drive.
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