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Peabody 01960 South Peabody
8 Murphy Rd
$490,000
● House - Off Market

8 Murphy Rd

Peabody, MA 01960
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,908 Ft²
$765,872
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Looking to buy a 4+ bedroom Colonial on cul-de-sac in South Peabody - over a 15,000 sq.ft. lot, deck, 8-9 off street parking, abuts conservation land for even  more privacy.    Look no further -  Freshly painted exterior, new front steps, roof (appx) 11 years old, fireplace, large eat-in kitchen and dining room, beautiful wood and tile flooring, large lower living level and so much more!   Come see for yourself - 1st showings Saturday Open House - November 18 1 -2 p.m.
Unit Size
1,908 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$259
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1971

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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 #72256463)

Price History

Date / Event Date Event Price
Jan 22, 2018 Sold
Premium
Sold
Nov 16, 2017 Listed by Coldwell Banker Residential Brokerage - Salem $495,000
Listed by Coldwell Banker Residential Brokerage - Salem
Jul 15, 2005 Sold
Premium
Sold
May 9, 2005 Listed by Coldwell Banker Residential Brokerage - Salem $419,900
Listed by Coldwell Banker Residential Brokerage - Salem

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 15,808
  • Total Building Area: 1,908
  • Gross Building Area: 1,908
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000363
  • 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: 210500

Zoning

  • Zoning: R1

Geography

  • Account Number: 14745
  • Parcel: PEAB M:0115 B:0311-A
  • Block: 311-A
  • Municipality: PEABODY
  • Latitude: 42.5057
  • Longitude: -70.96

    Address

  • Full Address: 8 Murphy Rd
  • Address - House Number: 8
  • Address - Street Name: Murphy
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C008
  • 4-Digit Zip Code: 6237
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $544,500

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 715,736
  • High Value: 839,907
  • Low Value: 591,565

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $597,000
  • Assessed Land Value: $249,300
  • Assessed Improvements Value: $347,700

    Sales

  • Current Sale Recording Date: Jan 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180122002730
  • Previous Sale Recording Date: Jul 15, 2005
  • Previous Sale Amount: $415,000
  • 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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$410

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2212 ft²

Average Home Age

70.1 years

Currently For Sale

15 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# 72256463

Frequently Asked Questions

When was property at 8 Murphy Road built and last sold?
The property at 8 Murphy Road was built in 1971 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 8 Murphy Road is $502,006.
What are some comparable homes to 8 Murphy Road?
There are currently no comparable homes to 8 Murphy Road.
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