17 Tracey St
Peabody, MA 01960

17 Tracey St
Peabody, MA 01960

  • 2,832 sqft
  • 4,404 sqft lot size
  • Multi-Family
Off Market · Sold on Jul 3, 2017
$626,000
17 Tracey St
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  • 1 High School

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  • Lowest crime relative to the rest of Essex county.

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  • 96% of residents commute by car.

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  • 53 Restaurants

    6 Grocery stores

    12 Nightlife

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Off Market · Sold on Jul 3, 2017

Home Details

Overview
  • Multi-Family
  • Built in 1900
  • 4,404 sqft lot size
  • 2,832 sqft
Description

This property is no longer available to rent or buy. This description is from January 11, 2017
Exceptional 4 family multi, with third floor potential for expansion or additional unit and increased income. FHA financing qualitied - ideal for owner occupied. 7.24% cap rate with existing rent and well over 8% cap rate assuming market rent in a quite, desirable location, walking distance to downtown Peabody. Fully updated with quality roof, new siding, windows, individually metered heating and electric for ease of management.. This property includes four 2 Bedroom units with a potential fifth 2 bedroom or expansion to current units on the third floor! Currently 3 units are leased and 1 unit is a TAW. (see Income/ Expenses). Units have all gone through a renovation and look GREAT! All units have hardwood flooring and replacement windows; kitchens and baths have been done over as well. Basement is extremely clean and provides areas for storage and laundry. Heating is separately gas metered; 2 of the units are F/H/W and 2 are Hot Water Baseboard. There is parking for 6! A MUST see

Price History
Date
Price
Event

07/03/2017
$626,000
Sold
Recording Date
07/03/2017
Contract Date
N/A
Sale Price
$626,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$50
Transaction Type
Non-Arm's Length Transaction
Document Type
N/A

10/30/2013
$555,000
Sold
Recording Date
10/30/2013
Contract Date
N/A
Sale Price
$555,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
$41
Transaction Type
Non-Arm's Length Transaction
Document Type
N/A

06/01/2007
$315,000
Sold
Recording Date
06/01/2007
Contract Date
N/A
Sale Price
$315,000
Price Type
Full amount stated on Document.
County Transfer Tax
N/A
Total Transfer Tax
N/A
Transaction Type
Insured Non-Residential Grant Deed
Document Type
N/A

Property Taxes and Assessment
Year
2017
Tax
$4,989.00
Assessments
$424,200
Land
$131,400
Improvements
$292,800
Total
$424,200
Market Value
N/A

Price Trends
Real Estate Trends
Average Listing Price for 01960
$403,890
35% below sold price
Median Sale Price for 01960
$378,000
40% below sold price
Average Sale price/sqft for 01960
$268/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
0.25
Multi-Family
$485,000
06/19/17
6
3
2,682
0.43
Multi-Family
$515,000
09/05/17
6
3
3,516
0.68
Multi-Family
$469,900
05/01/17
6
2
1,708
0.32
Multi-Family
$553,000
08/08/17
8
3
3,663
0.05
Multi-Family
$460,000
05/31/17
6
3
2,783
0.33
Multi-Family
$481,000
09/08/17
2
2
1,608
6.68
Multi-Family
$569,900
12/22/17
1
2
2,320
0.47
Multi-Family
$576,000
12/15/17
4
3
3,235
9.5
Multi-Family
$500,000
12/21/17
5
2
3,159
0.49
Multi-Family
$480,000
07/14/17
6
3.5
2,444

Contact Info


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