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Peabody 01960 Peabody Town Center
8 Sparrow Lane Ext
Photo of 8 Sparrow Lane Ext
Sold on Aug 17, 2004

1

Map

$500,000
● House - Off Market

8 Sparrow Lane Ext

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,750 Ft²
$966,698
RealtyHop Estimate
85.94%
Since Sep 1, 2004
MA-Boston
Primary Model

About This Property

Immaculate 8 year old Colonial in a quiet, family neighborhood!  Large, open rooms.  Large master suite with bath and walk in closet.  Fully finished basement with in-law potential. Nothing has been overlooked in this home!  Large, fenced-in yard with above ground pool and shed, but still has plenty of yard left for the kids and entertaining! Move right in!
Unit Size
2,750 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$189
Property Type
House
Property Taxes
$256
HOA Dues
-
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #70033557)

Price History

Date / Event Date Event Price
Aug 17, 2004 Sold
Premium
Sold
May 13, 2004 Listed $519,900
Listed

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 9,622
  • Total Building Area: 1,960
  • Gross Building Area: 1,960
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PHEASANT HILL
  • Land Acres: 0000000221
  • 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: 210900

Zoning

  • Zoning: R1A

Geography

  • Account Number: 7629
  • Parcel: PEAB M:0064 B:0259
  • Block: 259
  • Municipality: PEABODY
  • Latitude: 42.5333
  • Longitude: -70.9241

    Address

  • Full Address: 8 Sparrow Ln
  • Address - House Number: 8
  • Address - Street Name: Sparrow
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Peabody
  • Carrier Code: C004
  • 4-Digit Zip Code: 3208
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $663,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 851,359
  • High Value: 980,897
  • Low Value: 721,821

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $727,000
  • Assessed Land Value: $244,200
  • Assessed Improvements Value: $482,800

    Sales

  • Current Sale Recording Date: Aug 17, 2004
  • Current Sale Price:
    Premium
  • Current 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 Peabody Town Center

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$388

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1577 ft²

Average Home Age

84.6 years

Currently For Sale

22 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

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70033557

Frequently Asked Questions

When was property at 8 Sparrow Lane Extension built and last sold?
The property at 8 Sparrow Lane Extension was built in 1996 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 8 Sparrow Lane Extension is $553,417.
What are some comparable homes to 8 Sparrow Lane Extension?
There are currently no comparable homes to 8 Sparrow Lane Extension.
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