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Peabody 01960 South Peabody
9 Griffin Road
$601,100
● House - Off Market

9 Griffin Road

Peabody, MA 01960
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,350 Ft²
$531,677
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to Peabody! Fully renovated 6 room / 3 bedroom / 1 bath cape. First floor features living room, dining room with hardwood floors, a full bath and bedroom. Updated and fully applianced eat-in kitchen with granite countertops. Second floor features 2 good size bedrooms. A full basement with laundry.  An enclosed porch which opens to a nicely fenced in, landscaped yard with a new patio and storage shed. New electrical, fresh paint, mitigation system, and ample parking. Easy access to major highways, walking path & park. A must see!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$393
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1940

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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 #73113292)

Price History

Date / Event Date Event Price
Jun 27, 2023 Sold
Premium
Sold
May 23, 2023 In contract -
In contract
May 18, 2023 Listed by Cameron Prestige, LLC $529,900
Listed by Cameron Prestige, LLC
May 13, 2019 Sold
Premium
Sold
Mar 18, 2019 Listed by Cameron Prestige, LLC $369,000
Listed by Cameron Prestige, LLC
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,349
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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: 210600

Zoning

  • Zoning: R1A

Geography

  • Account Number: 14991
  • Parcel: PEAB M:0116 B:0189
  • Block: 189
  • Municipality: PEABODY
  • Latitude: 42.5071
  • Longitude: -70.9488

    Address

  • Full Address: 9 Griffin Rd
  • Address - House Number: 9
  • Address - Street Name: Griffin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Peabody
  • Carrier Code: C003
  • 4-Digit Zip Code: 6403
  • Zip Code: 01960

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $447,500

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 585,253
  • High Value: 690,649
  • Low Value: 479,858

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $490,700
  • Assessed Land Value: $237,900
  • Assessed Improvements Value: $252,800

    Sales

  • Current Sale Contract Date: Jun 27, 2023
  • Current Sale Recording Date: Jun 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230627002070
  • Previous Sale Recording Date: May 13, 2019
  • Previous Sale Contract Date: May 13, 2019
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: O
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 South Peabody

Stats & Trends

Median Asking:

$649,900

Sale Price/ft²

$405

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2281 ft²

Average Home Age

69.8 years

Currently For Sale

14 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73113292

Frequently Asked Questions

When was property at 9 Griffin Road built and last sold?
The property at 9 Griffin Road was built in 1940 and last sold on Jun 27, 2023 for $601,000.
How much is this home worth?
The estimated value of the home located at 9 Griffin Road is $538,967.
What are some comparable homes to 9 Griffin Road?
There are currently no comparable homes to 9 Griffin Road.
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