NOT LISTED FOR SALE

1 Drake Way Unit 15 Peabody, MA 01960

Peabody Town Center Neighborhood

Estimated Value: $551,000 - $573,892

3 Beds
3 Baths
1,620 Sq Ft
2006 Built

Last Sold September 27, 2016

Last sale price $312,000 $193 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,452/month

20 Days on Market

About This Home

As of September 2016

Come Home to Drake Crossing! Lovely 3 bedroom 2 1/2 bath townhouse overlooking pond. Hardwood floors and open floor plain on main level. Kitchen with granite countertops and stainless appliances. Comfortable living/dining area. Slider to deck overlooking pond. Second floor has two spacious bedrooms and a bath. Master suite encompasses entire third level with walk-in closet, sitting area and bath. One-car garage, roomy storage and exterior access from lower level. Convenient to highway and malls.

Last Agent to Sell the Property

Julie Nelson

Noble Realty Partners LLC Listed on: 07/08/2016

Last Buyer's Agent

Eileen Hamblin

Leading Edge Real Estate

Leading Edge Real Estate

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,612

Year Built

2006

Lot Details

0

Listing Details

  • Unit Level: 1
  • Property Type: Condominium/Co-Op
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator, Washer / Dryer Combo
  • Has Basement: Yes
  • Primary Bathroom: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Public School
  • Electric: Circuit Breakers
  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Bathroom #3: Third Floor
  • Kitchen: First Floor
  • Laundry Room: Second Floor
  • Living Room: First Floor
  • Master Bedroom: Third Floor
  • Master Bedroom Description: Bathroom - Full, Closet - Walk-in, Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
  • Oth1 Dscrp: Exterior Access, Slider, Walk-in Storage
  • Oth1 Level: Basement
  • No Living Levels: 3

Exterior Features

  • Construction: Frame
  • Exterior: Aluminum, Vinyl
  • Exterior Unit Features: Deck
  • Waterview Flag: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Drake Crossing Condominium
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Road Maintenance, Landscaping, Snow Removal, Refuse Removal
  • Management: Professional - Off Site, Owner Association
  • Pets Allowed: Yes
  • No Units: 17
  • Unit Building: 15

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Assessor Parcel Number: M:0074 B:0914
  • Zoning: R4

Multi Family

  • Waterview: Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2016
Closed on
Sep 27, 2016
Sold by
Lopez Sallyann
Bought by
Masoud Feda
Seller's Agent
Julie Nelson
Noble Realty Partners LLC
Buyer's Agent
Eileen Hamblin
Leading Edge Real Estate
List Price
$320,000
Sold Price
$312,000
Premium/Discount to List
-$8,000
-2.5%
Current Estimated Value
$555,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$243,536
Avg. Annual Appreciation
6.73%
Original Mortgage
$302,640
Outstanding Balance
$247,066
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$308,135

Purchase Details

Listed on
Jan 10, 2013
Closed on
Jul 2, 2013
Sold by
Cirame Joseph A
Bought by
Lopez Sallyann
Seller's Agent
Elizabeth Johns
Keller Williams Realty Evolution
Buyer's Agent
Julie Nelson
Noble Realty Partners LLC
List Price
$285,000
Sold Price
$281,000
Premium/Discount to List
-$4,000
-1.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.28%
Original Mortgage
$272,570
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2010
Sold by
Double K 23 Llc
Bought by
Cirame Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,290
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Masoud Feda $312,000 --
Lopez Sallyann $281,000 --
Cirame Joseph A $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masoud Feda $302,640
Previous Owner Lopez Sallyann $272,570
Previous Owner Cirame Joseph A $251,391
Previous Owner Cirame Joseph A $255,290
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2016 09/27/16 Sold $312,000 +0.7% $193 / Sq Ft
07/28/2016 07/28/16 Pending -- -- --
07/25/2016 07/25/16 Price Changed $309,900 -3.2% $191 / Sq Ft
07/08/2016 07/08/16 For Sale $320,000 +13.9% $198 / Sq Ft
07/02/2013 07/02/13 Sold $281,000 +0.4% $182 / Sq Ft
05/20/2013 05/20/13 Pending -- -- --
02/15/2013 02/15/13 Price Changed $279,900 -1.8% $182 / Sq Ft
01/10/2013 01/10/13 For Sale $285,000 -- $185 / 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

  • Julie Nelson

    Seller's Agent in 2016

    Julie Nelson

    Noble Realty Partners LLC

    (978) 335-4939

    1 in this area

    20 Total Sales

    Section Image

  • E

    Buyer's Agent in 2016

    Eileen Hamblin

    Leading Edge Real Estate

    7 Total Sales

    Section Image
  • Elizabeth Johns

    Seller's Agent in 2013

    Elizabeth Johns

    Keller Williams Realty Evolution

    (978) 223-3247

    2 in this area

    15 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72034965

MLS Property Information Network (MLS PIN)

APN: PEAB-000074-000000-000914

Massachusetts Essex County Peabody 01960 Peabody Town Center

1 Drake Way Unit 15, Peabody, MA

This home is located at 1 Drake Way Unit 15, Peabody, MA 01960 since 08 July 2016 and is currently estimated at $563,473, approximately $347 per square foot. This property was built in 2006. 1 Drake Way Unit 15 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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