CCertihomes
12 Lake St, Peabody, MA 01960

$799,900

4 beds 2 baths 2,176 sqft Built 195848 days on marketActive

About this home

The single-family property offers 4 bedrooms, 2 baths, Main bathroom just renovated, a spacious kitchen and sun filled family room overlooking a 4-car driveway and large deck. Overall, this investment opportunity, combined with the adjacent property #4 Lake Street, MLS # 73214626 presents a combination of stable income, potential for future growth, and the convenience of managing both properties as a single portfolio. It may appeal to investors seeking a diversified real estate investment with the potential for long-term wealth preservation.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$6,898/mo

Real estate (PITI + HOA + PMI)
$6,730
Principal + interest$5,158
Property tax + insurance$1,272
PMI / 2nd mortgage$300
Utilities
$482
Heating + cooling$79
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$123
Car insurance + maintenance$123
Other (entertainment)
$158
$6,898/mo TLC
Budget$7,398/mo
Remaining after TLC$500/mo
Purchase price
$799,900
Down payment
$39,995 (5%)
Loan amount
$759,905
APR
7.2%

Quick facts

Type
Single Family Residence
Style
Colonial
Year built
1958
Lot size
1.11 ac
Stories
0
Heating
Baseboard, Natural Gas
Cooling
Other
Water
Public
HOA
Annual tax
$5,615
MLS #
73214637
County
Essex

At a glance

Fireplace
Basement
Dishwasher

Home features

Appliances
Gas Water HeaterRangeOvenDishwasher
Exterior
PorchDeck
Community
Public TransportationShoppingWalk/Jog TrailsGolfMedical FacilityLaundromatBike PathHighway AccessHouse of WorshipPrivate SchoolPublic School
Parking
Paved DriveOff Street
Flooring
Hardwood
Roof
Shingle
Sewer
Public Sewer

Neighborhood — 01960

MetricThis ZIPCountyUSA
Population48,9266,444,931299,088,112
Population Change Since19904.00%7.00%20.00%
Population Density2,902786
Male23,6833,127,134147,432,321
Female25,2433,317,797151,655,844
Never Married10,0561,612,88563,775,926
Married22,3862,586,314123,120,365
Separated1,255247,85712,639,686
Widowed3,273363,59415,467,586
Divorced3,366436,88823,075,029
Number Of House Hold18,9592,431,591111,826,380
Average House Hold Size2.552.562.60
Medial Age40.6237.2535.46
Median House Hold Income$61,346$57,698$48,276
Average House Hold Income$68,169$75,023$63,629
P C I$27,357$29,196$24,529
M D I$50,765$48,105$41,133
A T H E$53,942$57,083$50,898
S T R5.00%5.00%
W C J79.00%81.38%77.74%
(Zip) Code
1960

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 3/20/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.