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8 Wheatland Street

8 Wheatland Street, Peabody, MA 01960
Property in Proctor
Sold Jul 08, 2020
$400,000
$396,000 by Mary Mello Bruno
Mortgage Due Jul 08, 2050
Sold Mar 03, 2009
$400,000
$250,000 by Luso American Cu
Mortgage
Local assessors in Peabody, MA have categorized 8 Wheatland Street as a residential type of property. The home was built in 1987 and is 37 years old. It was most recently renovated and altered in 1995. The property's lot size has been calculated to be 10,110 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8 Wheatland Street has a total of 2,556 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. Moving onto specific details regarding the building. Our sources show that the building condition is average. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 8 Wheatland Street was last sold in Jul 1, 2020 for $400,000. According to our calculations, that's $156.49 per sqft. Prior to that sales transaction, the property was sold for $400,000 in Jan 1, 1970. Current property owners are expected to pay $7,068 in taxes per year. The property on 8 Wheatland Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $775,000. To break that down further, the land itself was valued at $298,000. While improvements to the property were assessed at a total of $477,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Colonial
  • Exterior Walls Type: Wood siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,110
  • Total Building Area: 2,556
  • Gross Building Area: 2,556
  • Building Area: 2,556
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 2,556
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.232
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BATES CHELSEA
  • Current Owner 2: BATES SHAWN
  • Previous Owner : MELLOS CENTRAL T
  • Owner Before Previous Owner: LUIS JOSEPH
  • Owner Before Previous Owner 2: LUIS SANNON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Peabody School District
  • School Tax School District: PEABODY SD
  • Census Tract: 210301

Zoning

  • Zoning: R1A

Geography

  • Account Number: 5724
  • Parcel: PEAB M:0050 B:0008-B
  • Block: 8-B
  • Municipality: PEABODY
  • Latitude: 42.5386
  • Longitude: -70.9554

    Address

  • Full Address: 8 Wheatland St
  • Address - House Number: 8
  • Address - Street Name: Wheatland
  • Address - Suffix Type: St
  • State: MA
  • City Name: Peabody
  • Carrier Code: C005
  • 4-Digit Zip Code: 2806
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,068

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 768,326
  • High Value: 909,032
  • Low Value: 627,620

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $596,000
  • First Open Lien Mortgage Lender: MARY MELLO BRUNO
  • First Open Lien Mortgage Recording Date: Jul 08, 2020
  • First Open Lien Mortgage Loan Amount: $396,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 08, 2050
  • Second Open Lien Mortgage Lender: EASTERN BANK
  • Second Open Lien Mortgage Recording Date: Mar 05, 2024
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 05, 2054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $775,000
  • Assessed Land Value: $298,000
  • Assessed Improvements Value: $477,000

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 08, 2020
  • Current Sale Transaction ID: 11772940894
  • Current Sale Price: $400,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 20200708005140
  • Previous Sale Recording Date: Mar 03, 2009
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MARY MELLO BRUNO
  • First Mortgage Transaction Date: Jul 08, 2020
  • First Mortgage Loan Amount: $396,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: LUSO AMERICAN CU
  • Previous Mortgage Transaction Date: Mar 03, 2009
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Proctor



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Frequently Asked Questions

What neighborhood is 8 Wheatland Street located in?
The 8 Wheatland Street is a located in the neighborhood of Proctor in Proctor, Peabody.
What is the average sales price for listings in 8 Wheatland Street?
The average sales price for units in 8 Wheatland Street is $0 currently.

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