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Peabody 01960 Proctor
8 Ray Street
$189,000
● House - Off Market

8 Ray Street

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$537,080
RealtyHop Estimate
155.87%
Since Jun 1, 2001
MA-Boston
Primary Model

About This Property

ENJOY THE SUMMER NIGHTS SITTING ON YOUR WRAP AROUND PORCH IN THIS DELIGHTFUL COL. HOME IN DESIRABLE EMERSON PARK! THIS HOME NEEDS TLC BUT OFFERS A GREAT FLOOR PLAN, NEW HEAT & ROOF, GREAT YARD AND FAM. NEIGHBORHOOD! GR.OPPORTUNITY!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$156
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1920

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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 years ago (MLSPIN #30484662)

Price History

Date / Event Date Event Price
Nov 19, 2001 Sold
Premium
Sold
Sep 29, 2001 Listed $279,900
Listed
May 16, 2001 Sold
Premium
Sold
Mar 10, 2001 Listed $209,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 4,901
  • Total Building Area: 1,388
  • Gross Building Area: 1,388
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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: 210402

Zoning

  • Zoning: R1A

Geography

  • Account Number: 9010
  • Parcel: PEAB M:0074 B:0150
  • Block: 150
  • Municipality: PEABODY
  • Latitude: 42.5293
  • Longitude: -70.9404

    Address

  • Full Address: 8 Ray St
  • Address - House Number: 8
  • Address - Street Name: Ray
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C044
  • 4-Digit Zip Code: 4229
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $440,300

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 585,769
  • High Value: 684,865
  • Low Value: 486,673

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $482,800
  • Assessed Land Value: $219,300
  • Assessed Improvements Value: $263,500

    Sales

  • Current Sale Recording Date: Nov 19, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 16, 2001
  • Previous Sale Amount: $187,000
  • 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 Proctor

Stats & Trends

Median Asking:

$597,450

Sale Price/ft²

$378

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1764 ft²

Average Home Age

69.9 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 years ago
Data Source: MLS PIN, MLS# 30484662

Frequently Asked Questions

When was property at 8 Ray Street built and last sold?
The property at 8 Ray Street was built in 1920 and last sold on Jan 1, 1970 for $275,000.
How much is this home worth?
The estimated value of the home located at 8 Ray Street is $0.
What are some comparable homes to 8 Ray Street?
There are currently no comparable homes to 8 Ray Street.
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