NOT LISTED FOR SALE

8 Rainbow Rd Peabody, MA 01960

South Peabody Neighborhood

Estimated Value: $566,428 - $627,000

3 Beds
2 Baths
1,080 Sq Ft
$551/Sq Ft Est. Value

Last Sold April 27, 2017

Last sale price $327,500 $303 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,560/month

5 Days on Market

About This Home

As of April 2017

Traditional New England Cape located in desirable South Peabody neighborhood! Main living area features 3 bedrooms, 1 full bath, refinished hardwood throughout the first floor, replacement windows and a heated sunroom. Back deck overlooks the fenced in back yard and the detached 1 car garage. Full unfinished basement with laundry hookups, workbench area and a bonus 3/4 bath! Well cared for by the same family for over 50 years, this home offers loads of potential and is an excellent opportunity to build sweat equity! Highest and best offers due Tuesday 03/28 by 12pm

Last Agent to Sell the Property

Amy Wallick

Lamacchia Realty, Inc. Listed on: 03/24/2017

Lamacchia Realty, Inc.

Last Buyer's Agent

Joyce Cucchiara

Coldwell Banker Realty - Lynnfield

Coldwell Banker Realty - Lynnfield

Home Details

Home Type

Single Family

Year Built

1946

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Lot Description: Paved Drive, Level
  • Property Type: Single Family
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1946

Interior Features

  • Appliances: Range, Dishwasher, Refrigerator
  • Has Basement: Yes
  • Number of Rooms: 6
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Insulated Windows
  • Flooring: Tile, Vinyl, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Cable Available, Whole House Fan
  • Basement: Full, Unfinished Basement
  • Bedroom 2: Second Floor
  • Bedroom 3: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Basement
  • Kitchen: First Floor
  • Laundry Room: Basement
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Flooring - Hardwood
  • Dining Room: First Floor
  • Oth1 Room Name: Sun Room
  • Oth1 Dscrp: Flooring - Wall to Wall Carpet, Cable Hookup

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Deck, Fenced Yard
  • Foundation: Concrete Block

Garage/Parking

  • Garage Parking: Detached
  • Garage Spaces: 1
  • Parking: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Heating: Forced Air, Electric Baseboard, Oil
  • Heat Zones: 2
  • Hot Water: Oil, Tank
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Lot Info

  • Assessor Parcel Number: M:0109 B:0216
  • Zoning: R1A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2017
Sold by
Macdonald Michael
Bought by
Macdonald Michael and Macdonald Kimberly
Current Estimated Value
$594,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$133,152
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$461,455

Purchase Details

Listed on
Mar 24, 2017
Closed on
Apr 27, 2017
Sold by
Ljem Atkinson 2008 Irt
Bought by
Macdonald Michael
Seller's Agent
Amy Wallick
Lamacchia Realty, Inc.
Buyer's Agent
Joyce Cucchiara
Coldwell Banker Realty - Lynnfield
List Price
$299,900
Sold Price
$327,500
Premium/Discount to List
$27,600
9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%

Purchase Details

Closed on
May 8, 2015
Sold by
Atkinson Lloyd J and Atkinson Ethel M
Bought by
Ljem Atkinson Irt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1
Interest Rate
3.69%

Purchase Details

Closed on
Nov 17, 1965
Bought by
Ljem Atkinson Irt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Macdonald Michael -- --
Macdonald Michael $327,500 --
Ljem Atkinson Irt -- --
Ljem Atkinson Irt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdonald Michael $160,000
Previous Owner Ljem Atkinson Irt $1
Previous Owner Ljem Atkinson Irt $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2017 04/27/17 Sold $327,500 +9.2% $303 / Sq Ft
03/29/2017 03/29/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $299,900 -- $278 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $4,597 $496,400 $238,300 $258,100
2024 $4,370 $479,200 $238,300 $240,900
2023 $4,421 $464,400 $212,800 $251,600
2022 $4,212 $417,000 $190,100 $226,900
2021 $3,684 $351,200 $172,800 $178,400
2020 $3,634 $338,400 $172,800 $165,600
2019 $3,599 $326,900 $172,800 $154,100
2018 $3,503 $305,700 $157,100 $148,600
2017 $3,314 $281,800 $157,100 $124,700
2016 $3,156 $264,800 $157,100 $107,700
2015 -- $233,800 $153,100 $80,700
Source: Public Records

Agents Affiliated with this Home

  • Amy Wallick

    Seller's Agent in 2017

    Amy Wallick

    Lamacchia Realty, Inc.

    (978) 767-0889

    2 in this area

    78 Total Sales

    Amy Wallick
    Section Image
  • Joyce Cucchiara

    Buyer's Agent in 2017

    Joyce Cucchiara

    Coldwell Banker Realty - Lynnfield

    (978) 808-1597

    17 in this area

    187 Total Sales

    Joyce Cucchiara
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72135481

MLS Property Information Network (MLS PIN)

APN: PEAB-000109-000000-000216

Massachusetts Essex County Peabody 01960 South Peabody

8 Rainbow Rd, Peabody, MA

Not Listed for Sale

Detached

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