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Peabody 01960 South Peabody
8 Pumping Station Rd
$597,000
● House - Off Market

8 Pumping Station Rd

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,404 Ft²
$610,953
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

Welcome home to this beautiful, well maintained 3 bedroom 2 full bath cape right in South Peabody. Very quiet neighborhood, located on a dead end street, enjoy the proximity to the all the shops and restaurants. Have a nice quiet evening on the large back deck in the summer, or a nice cozy winter evening in the living room next to your pellet stove. This house has it all in a perfect location. Schedule your showing today!
Unit Size
1,404 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$410
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1949

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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 #73022844)

Price History

Date / Event Date Event Price
Oct 24, 2022 Sold
Premium
Sold
Aug 8, 2022 Listed by Expert Realty $575,000
Listed by Expert Realty
Jul 23, 2020 Sold
Premium
Sold
Dec 12, 2002 Sold
Premium
Sold
Aug 31, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,580
  • Total Building Area: 1,404
  • Gross Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000449
  • 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: 210600

Zoning

  • Zoning: R1A

Geography

  • Account Number: 14216
  • Parcel: PEAB M:0109 B:0227
  • Block: 227
  • Municipality: PEABODY
  • Latitude: 42.5108
  • Longitude: -70.943

    Address

  • Full Address: 8 Pumping Station Rd
  • Address - House Number: 8
  • Address - Street Name: Pumping Station
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C049
  • 4-Digit Zip Code: 5718
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $502,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1697
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 637,712
  • High Value: 745,982
  • Low Value: 529,443

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,400
  • Assessed Land Value: $252,400
  • Assessed Improvements Value: $299,000

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Oct 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221024004360
  • Previous Sale Recording Date: Jul 23, 2020
  • Previous Sale Contract Date: Jul 23, 2020
  • Previous Sale Amount: $476,500
  • Previous Sale Document Type: O
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

$405

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2130 ft²

Average Home Age

79.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73022844

Frequently Asked Questions

When was property at 8 Pumping Station Road built and last sold?
The property at 8 Pumping Station Road was built in 1949 and last sold on Oct 24, 2022 for $597,000.
How much is this home worth?
The estimated value of the home located at 8 Pumping Station Road is $582,082.
What are some comparable homes to 8 Pumping Station Road?
There are currently no comparable homes to 8 Pumping Station Road.
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