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$229,000
● Condo - Off Market

8 Walnut #406

Peabody, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
892 Ft²
$373,378
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Welcome to this centrally located condominium unit in the heart of Peabody's downtown. It has been well maintained by the original owner from when the complex was built in 2005. This top floor unit gives you many features such as central heat/AC, in unit laundry,private balcony, 1 car off street parking, pet friendly(with restrictions)  and the building has an elevator.
Unit Size
892 Ft²
Days on Market
-
Land Size
-
Price per sqft
$257
Property Type
Condo
Property Taxes
$179
HOA Dues
$243
Year Built
-

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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 #72118111)

Price History

Date / Event Date Event Price
Apr 13, 2017 Sold
Premium
Sold
Feb 10, 2017 Listed by Keller Williams Realty Evolution $229,000
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: Fourth Floor
Width: 8
Length: 11
Features: Flooring - Stone/Ceramic Tile
Area: 88
Area: 63
Features: Flooring - Stone/Ceramic Tile
Length: 7
Level: Fourth Floor
Width: 9
Length: 20
Level: Fourth Floor
Area: 260
Features: Flooring - Hardwood, Balcony / Deck
Width: 13
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Fourth Floor
Length: 14
Width: 12
Area: 168
Full Bathrooms: 1
Interior Features: Entrance Foyer
Appliances: Gas Water Heater, Tank Water Heater
Flooring Type: Tile, Carpet
Laundry Features: Fourth Floor, Washer Hookup
Rooms: 3
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 4
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Walnut Place
Structure Type: Garden, House
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame, Modular
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: BC
Parcel Number: 4646809
Water Source: Public
Financial Details
Tax Assessed Value: $183,000
Tax Annual Amount: $2,152
Utilities Details
Utilities: Washer Hookup
Cooling Type: Central Air, Unit Control
Heating Type: Central, Natural Gas, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Elevator(s)
Association Fee Frequency: Monthly
HOA Fee: $243
Community Features: Public Transportation, Shopping
Management: Professional - Off Site

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72118111
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