$265,000
SOLD MAY 17, 2013

1 Drake Way Unit 11 Peabody, MA 01960

Peabody Town Center Neighborhood
3 Beds
3 Baths
1,540 Sq Ft
0.92 Acres

Recently Sold

$172 Per Sq Ft

4% Below List Price

343 Days on Market

About This Home

As of October 2021

Short sale approved $265,000 .Imagine sitting on the deck of your home watching the water as it glistens in the sun light, in your immaculate 3-bedroom condo/townhouse in a great location of Peabody. Master bedroom suite with master bath is located on a floor of its own—welcome to privacy! Granite kitchen & bath counters—oak hardwood floors on 1st floor. 1 car garage and 2 deeded spaces. Easy access to RT 128, Peabody/Essex Society/Museum and the Mall.

Last Agent to Sell the Property

Joseph Militello

eXp Realty Listed on: 06/05/2012

eXp Realty

Last Buyer's Agent

Mark Vadala

Vadala Real Estate

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,612

Year Built

2006

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Street, Middle
  • Special Features: 12
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Laundromat, Highway Access, House of Worship
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Insulated Windows
  • Flooring: Wood, Wall to Wall Carpet
  • Insulation: Full, Fiberglass
  • Interior Amenities: Cable Available
  • Bedroom 2: Second Floor, 13X9
  • Bedroom 3: Second Floor, 13X9
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Third Floor
  • Kitchen: First Floor, 13X9
  • Living Room: First Floor, 21X14
  • Master Bedroom: Third Floor, 19X10
  • Master Bedroom Description: Flooring - Wall to Wall Carpet

Exterior Features

  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Unit Features: Deck

Garage/Parking

  • Garage Parking: Under
  • Garage Spaces: 1
  • Parking: Off-Street, Guest
  • Parking Spaces: 2

Utilities

  • Hot Water: Electric

Condo/Co-op/Association

  • Condominium Name: Drake Crossing
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal
  • Association Pool: No
  • Management: Professional - Off Site
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 17
  • Unit Building: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 1, 2021
Sold by
Mattos Kara A
Bought by
Huber Elizabeth
Seller's Agent
Mark Vadala
Vadala Real Estate
Buyer's Agent
The Quail Group
eXp Realty
List Price
$399,900
Sold Price
$445,000
Premium/Discount to List
$45,100
11.28%
Current Estimated Value
$553,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,814
Avg. Annual Appreciation
5.86%
Original Mortgage
$250,000
Outstanding Balance
$230,436
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$323,378

Purchase Details

Listed on
Jun 5, 2012
Closed on
May 17, 2013
Sold by
Meagher Sean P and Meagher Nicole C
Bought by
Mattos Kara A
Seller's Agent
Joseph Militello
eXp Realty
Buyer's Agent
Mark Vadala
Vadala Real Estate
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.38%
Original Mortgage
$251,750
Interest Rate
9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2010
Sold by
23 Double K Llc
Bought by
Meagher Sean P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,750
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Condominium Deed $445,000 None Available
Not Resolvable $265,000 --
Deed $265,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 Purchase Money Mortgage
Previous Owner $247,500 Adjustable Rate Mortgage/ARM
Previous Owner $251,750 New Conventional
Previous Owner $251,750 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $445,000 +11.3% $275 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $399,900 +50.9% $247 / Sq Ft
05/17/2013 05/17/13 Sold $265,000 0.0% $172 / Sq Ft
05/14/2013 05/14/13 Pending -- -- --
11/01/2012 11/01/12 Price Changed $265,000 +3.9% $172 / Sq Ft
09/27/2012 09/27/12 Price Changed $255,000 +4.1% $166 / Sq Ft
07/23/2012 07/23/12 Price Changed $245,000 -10.9% $159 / Sq Ft
06/05/2012 06/05/12 For Sale $275,000 -- $179 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,612 $498,100 $0 $498,100
2024 $4,218 $462,500 $0 $462,500
2023 $3,977 $417,800 $0 $417,800
2022 $3,751 $371,400 $0 $371,400
2021 $3,653 $348,200 $0 $348,200
2020 $3,589 $334,200 $0 $334,200
2019 $3,451 $313,400 $0 $313,400
2018 $3,511 $306,400 $0 $306,400
2017 $3,548 $301,700 $0 $301,700
2016 $3,154 $264,600 $0 $264,600
2015 $3,198 $260,000 $0 $260,000
Source: Public Records

Agents Affiliated with this Home

  • Mark Vadala

    Seller's Agent in 2021

    Mark Vadala

    Vadala Real Estate

    (978) 490-0939

    1 in this area

    51 Total Sales

    Section Image

  • T

    Buyer's Agent in 2021

    The Quail Group

    eXp Realty

    (978) 406-9294

    8 in this area

    247 Total Sales

    Section Image
  • Joseph Militello

    Seller's Agent in 2013

    Joseph Militello

    eXp Realty

    (978) 815-3877

    18 Total Sales

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71392322

MLS Property Information Network (MLS PIN)

APN: PEAB-000074-000000-000910

Massachusetts Essex County Peabody 01960 Peabody Town Center

1 Drake Way Unit 11, Peabody, MA

This home is located at 1 Drake Way Unit 11, Peabody, MA 01960 and is currently priced at $265,000, approximately $172 per square foot. This property was built in 2006. 1 Drake Way Unit 11 is a home located in Essex County with nearby schools including Peabody Veterans Memorial High School, St John The Baptist School, and The Phoenix School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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