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Peabody 01960 Proctor
9 Albert Road
$650,000
● House - Off Market

9 Albert Road

Peabody, MA 01960
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,034 Ft²
$842,651
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Imagine having two homes under one roof!  Looking for a IN-LAW ARRANGEMENT that does NOT involve your parents living in the basement?   This happens to be the nicest in-law set up you will find in all of Peabody!  You can live in luxury and so can your parents!  Side by side arrangement with separate entrances and driveways. Plenty of privacy yet adjoining doors in case of an emergency.  Every aspect of this home has been renovated to perfection for the current owners and their parents.  Now is your chance to scoop up this spectacular in-law arrangement.  Think of it this way, two beautiful ranch style homes under $300,000 each with privacy and a gorgeous yard.  New owner will have to apply for the same permit (FALA).
Unit Size
2,034 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$290
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1956

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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 #72508549)

Price History

Date / Event Date Event Price
Aug 9, 2019 Sold
Premium
Sold
May 29, 2019 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $589,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Aug 23, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • 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: 14,401
  • Total Building Area: 2,034
  • Gross Building Area: 2,034
  • Building Area: 2,034
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,034
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000331
  • 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: 210301

Zoning

  • Zoning: R1B

Geography

  • Account Number: 5456
  • Parcel: PEAB M:0048 B:0067
  • Block: 67
  • Municipality: PEABODY
  • Latitude: 42.5412
  • Longitude: -70.9761

    Address

  • Full Address: 9 Albert Rd
  • Address - House Number: 9
  • Address - Street Name: Albert
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C022
  • 4-Digit Zip Code: 2501
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $654,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1726
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 847,626
  • High Value: 994,523
  • Low Value: 700,729

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $717,400
  • Assessed Land Value: $316,200
  • Assessed Improvements Value: $401,200

    Sales

  • Current Sale Contract Date: Jul 26, 2019
  • Current Sale Recording Date: Aug 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190809001770
  • Previous Sale Recording Date: Aug 23, 1996
  • Previous Sale Amount: $173,000
  • 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:

$609,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1913 ft²

Average Home Age

79.8 years

Currently For Sale

11 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 months ago
Data Source: MLS PIN, MLS# 72508549

Frequently Asked Questions

When was property at 9 Albert Road built and last sold?
The property at 9 Albert Road was built in 1956 and last sold on Jul 26, 2019 for $650,000.
How much is this home worth?
The estimated value of the home located at 9 Albert Road is $599,950.
What are some comparable homes to 9 Albert Road?
There are currently no comparable homes to 9 Albert Road.
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