Seller's Agent in 2023
Maria Salzillo
J. Barrett & Company
(508) 527-6910
13 in this area
125 Total Sales
16 Sewall St Peabody, MA 01960
Peabody Town Center NeighborhoodEstimated Value: $879,283 - $965,000
6
Beds
4
Baths
2,860
Sq Ft
$324/Sq Ft
Est. Value
Highlights
- Medical Services
- Shops
- Bike Trail
- Corner Lot
- Property is near schools
- Coin Laundry
About This Home
As of July 2023GREAT INVESTMENT OPPORTUNITY/OWNER OCCUPANT-This young duplex consisting of 6 bedrooms 2 full as built in 2011. Each & 2 half baths. Each unit hosts a large living room, a generous size ceramic tiled eat in kitchen w/a side entry to the driveway, a half bath off the kitchen w/laundry hook up, 3 spacious bedrooms & a full bath w/ceramic tile flooring. Each unit has a driveway which could fit up to 4 vehicles, a rear & a side yard area. Cost effective electric baseboard heating (no heating system to maintain/replace). Peabody Electric offers the lowest electrical costs available & offers additional cost savings via 20% discount if paid within 10 days of the bill date. 200 AMP service each unit. Property to be delivered vacant. Potential rents range between $3,000-$3,500 per unit=income potential of $72k -$84k w/an attractive CAP RATE! Great location close to downtown, shopping, restaurants, public transportation, major routes & historic Salem. Freshly painted & new carpeting for buyer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,922
Year Built
- Built in 2011
Lot Details
- 5,798 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,860 Sq Ft Home
- Property has 2 Levels
- Insulated Windows
- Insulated Doors
- Carpet
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- 8 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near schools
Schools
- Welch Elementary School
- Higgins Middle School
- Pvmh High School
Utilities
- No Cooling
- 12 Heating Zones
- Heating Available
- Electric Water Heater
Listing and Financial Details
- Total Actual Rent $4,400
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 2106867
- Tax Block 107
Community Details
Overview
- 2 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Bike Trail
Building Details
- Insurance Expense $1,500
- Water Sewer Expense $1,000
- Operating Expense $3,500
- Net Operating Income $60,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 19, 2011
Sold by
Geer Fatima H
Bought by
Sbn Rt and Nicholson
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 10, 2011
Sold by
Ramos-Aguiar Maria
Bought by
Hobart-Geer Fatima
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sbn Rt | $130,000 | -- | |
| Hobart-Geer Fatima | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mihasi Eranda | $675,750 | |
| Closed | Sbn Rt | $700,000 | |
| Open | Sbn Rt | $1,139,500 | |
| Closed | Sbn Rt | $415,000 | |
| Closed | Hobart-Geer Fatima | $260,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2023 07/12/23 | Sold | $850,000 | -5.5% | $297 / Sq Ft |
| 06/05/2023 06/05/23 | Pending | -- | -- | -- |
| 04/24/2023 04/24/23 | For Sale | $899,900 | -- | $315 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $7,477 | $807,400 | $207,000 | $600,400 |
| 2024 | $7,177 | $787,000 | $207,000 | $580,000 |
| 2023 | $6,922 | $727,100 | $180,000 | $547,100 |
| 2022 | $6,405 | $634,200 | $160,700 | $473,500 |
| 2021 | $6,340 | $604,400 | $146,100 | $458,300 |
| 2020 | $6,048 | $563,100 | $146,100 | $417,000 |
| 2019 | $5,987 | $543,800 | $146,100 | $397,700 |
| 2018 | $5,411 | $472,200 | $137,800 | $334,400 |
| 2017 | $5,103 | $433,900 | $137,800 | $296,100 |
| 2016 | $4,791 | $401,900 | $137,800 | $264,100 |
| 2015 | $4,449 | $361,700 | $137,800 | $223,900 |
Source: Public Records
Agents Affiliated with this Home
-
Maria Salzillo
-
Valbona Lavdari
Buyer's Agent in 2023
Valbona Lavdari
Coldwell Banker Realty - Andovers/Readings Regional
(978) 729-8078
2 in this area
26 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73102216
APN: PEAB-000095-000000-000107
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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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