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Peabody 01960 West Peabody
8 Wayne Road
$225,000
● House - Off Market

8 Wayne Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,496 Ft²
$572,875
RealtyHop Estimate
112.96%
Since Nov 1, 2011
MA-Boston
Primary Model

About This Property

IT'S A DO-OVER! Roll up your sleeves and get ready for this "heart of West Peabody opportunity".  Great locale and great lot.  3 Bedrooms, 2 baths, lower level family room, 1 car garage.  Priced below assessed value.
Unit Size
1,496 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$180
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1963

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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 #71272839)

Price History

Date / Event Date Event Price
Oct 19, 2011 Sold
Premium
Sold
Aug 9, 2011 Listed by RE/MAX Advantage Real Estate $269,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 42
  • Exterior Walls Type: 18
  • 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: 484
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,938
  • Total Building Area: 1,496
  • Gross Building Area: 1,496
  • Building Area: 1,496
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARDSON FARMS SEC I
  • Land Acres: 0000000412
  • 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: 210100

Zoning

  • Zoning: R1

Geography

  • Account Number: 1337
  • Parcel: PEAB M:0005 B:0075
  • Block: 75
  • Municipality: PEABODY
  • Latitude: 42.5648
  • Longitude: -71.0163

    Address

  • Full Address: 8 Wayne Rd
  • Address - House Number: 8
  • Address - Street Name: Wayne
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C027
  • 4-Digit Zip Code: 1012
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 661,427
  • High Value: 773,322
  • Low Value: 549,531

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $527,200
  • Assessed Land Value: $321,500
  • Assessed Improvements Value: $205,700

    Sales

  • Current Sale Recording Date: Oct 19, 2011
  • 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 West Peabody

Stats & Trends

Median Asking:

$737,000

Sale Price/ft²

$381

Below Asking

0.01%

Average Days on Market

48

Average Home Size

2537 ft²

Average Home Age

48.3 years

Currently For Sale

7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71272839

Frequently Asked Questions

When was property at 8 Wayne Road built and last sold?
The property at 8 Wayne Road was built in 1963 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 8 Wayne Road is $277,918.
What are some comparable homes to 8 Wayne Road?
There are currently no comparable homes to 8 Wayne Road.
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