NOT LISTED FOR SALE

8 Rainbow Rd Peabody, MA 01960

South Peabody Neighborhood

Estimated Value: $576,000 - $610,000

3 Beds
2 Baths
1,080 Sq Ft
$546/Sq Ft Est. Value

Sale Details

Date Sold: April 27, 2017

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

Est. 80% increase in value since last sale

Current estimated payment $3,547 / mo

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2017
Sold by
Bought by
Current Estimated Value
$589,332

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
$456,180

Purchase Details

Listed on
Mar 24, 2017
Closed on
Apr 27, 2017
Sold by
Bought by
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
6.63%

Purchase Details

Closed on
May 8, 2015
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$327,500 --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $160,000
Previous Owner $1
Previous Owner $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    81 Total Sales

    Amy Wallick
    Section Image
  • Joyce Cucchiara

    Buyer's Agent in 2017

    Joyce Cucchiara

    Coldwell Banker Realty - Lynnfield

    (978) 808-1597

    16 in this area

    179 Total Sales

    Joyce Cucchiara
    Section Image
See All Agents

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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.