114 Lake St, Peabody MA 01960

Peabody, MA 01960 • West Peabody

$470,000

Est. $2,950/month

5

Beds

2

Baths

1,584

Sq Ft

$297

Price/Sq Ft

0.36

Acres

1965

Year Built

Single Family Residence

Type

59

Days on Market

Closed Listed Jul 10, 2025 • MLS# 73402304 Copied!

About this home

Attention investors, builders, savvy buyers. Welcome to West Peabody! This 5 bedroom, 2-bathroom property sits on a large lot with plenty of privacy. This property has excellent potential but will require extensive renovations to the exterior and interior. Sold As-Is. Open house Sunday August 31, 2025 from 12:00 - 2:00 PM.

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Property Overview

Property Type

Single Family Residence

Listing Type

For Sale

Year Built

1965

Bedrooms

5

Full Bathrooms

2

Living Area

1,584 sq ft

Total Rooms

8

Sale Statistics

Sale Overview

Original List Price: $595,000

                            Final Sale Price:
                            $470,000
                        

Difference: $125,000 (-21.0%)

Performance Metrics

79.0%

List to Sale Ratio

Sold below asking price

59

Days on Market

Average time

Price per Square Foot Analysis

Original $/sq ft: $376

                            Sale $/sq ft:
                            $297
                        

This property sold for $297 per square foot

Sale Summary

This property sold for 21.0% below the original asking price.

The property spent 59 days on market before selling.

Facts & Features

Home Facts

Type Residential

Style Single Family Residence

Year Built 1965

Living Area 1,584 sq ft

Lot Size 0.36 acres

Bedrooms 5

Full Baths 2

Total Rooms 8

Interior

Heating Baseboard, Natural Gas

Cooling Window Unit(s)

Flooring Wood, Carpet

Appliances Gas Water Heater

Fireplace None

Fireplaces 1

Basement Full, Partially Finished, Interior Entry, Concrete, Unfinished

Laundry In Basement

Features None

Exterior

Construction Frame, Conventional (2x4-2x6)

Architecture Colonial

Roof Shingle

Features Deck, Patio

Pool None

Spa None

Fencing None

Patio/Porch Deck, Patio

Parking

Features Off Street

Total Spaces 4

Utilities

Electric 100 Amp Service

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $4,476

Assessed Value $483,400

Interior Features

Flooring: Wood, Carpet

Appliances: Gas Water Heater

Interior Features:

Windows:

Basement: Full, Partially Finished, Interior Entry, Concrete, Unfinished

Laundry: In Basement

Security:

Construction & Materials

Style: Colonial

Year Built: 1965

Structure Type:

Exterior Materials: Frame, Conventional (2x4-2x6)

Roof: Shingle

Foundation: Concrete Perimeter

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas

Cooling: Window Unit(s)

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Deck, Patio

Patio & Porch: Deck, Patio

Fencing:

Other Structures:

Lot Features: Gentle Sloping

Road Frontage: 125.00 ft

Road Surface: Paved

Parking & Garage

Total Parking Spaces: 4

Parking Features: Off Street

Special Features

Fireplaces: 1

Fireplace Type:

Community Amenities:

Location

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Neighborhood

West Peabody

114 Lake St, Peabody MA 01960

Peabody, MA 01960

Walkability

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Nearby Schools

School District

Peabody School District local

C

✓ School Safety 2024-25

2.1% Average

1.9% Suspensions 1.7% In-School 0.2% Emergency

↓ 3.4% below state avg

E

Elementary Schools

3 schools

C

John E. McCarthy School

0.3 mi | #612 of 824 | Score: 40.0

Dropped 34 spots from last year

-18.2 below state avg

385 students Diverse

Diverse Student Body

Grades K-05

Covenant Christian Academy

0.6 mi

Grades PK-12

The Recreational Education Center, LLC

0.6 mi

Grades PK-12

H

High Schools

3 schools

Bridgewell Program

1.4 mi

Grades 09-12

C

Peabody Veterans Memorial High School

1.5 mi | #251 of 346 | Score: 45.9

Improved 8 spots from last year

-12.3 below state avg

1,333 students Diverse

19 sports • 1,614 athletes

Career Tech Programs Strong Athletics

Grades 09-12

A

Lynnfield High School

1.6 mi | #62 of 346 | Score: 65.4

Dropped 41 spots from last year

+7.2 above state avg

588 students Moderate

18 sports • 1,490 athletes

High Graduation Rate College Ready Curriculum Strong Athletics Strong Attendance

Grades 09-12

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Property Tax $373

Homeowners Insurance $200

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Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

21%

Price Range

38

Total Days on Market

Property Timeline

✓

Sold

Oct 1, 2025

$470,000

Property sold

Days on Market: 38

🏠

Listed for Sale

Jul 10, 2025

$595,000

Original listing

Agent: James Finn Office: James A. Finn & Sons

Date	Event	Price	Change	$/sqft	Details
10/01/2025	✓ Sold	$470,000	-	-	Property sold
07/10/2025	🏠 Listed for Sale	$595,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Feb 18, 2026	Sold	$859,900	—
Jul 10, 2025	New Listing Added	$595,000	—

Market Statistics

Days on Market

59 days

Price per Sq Ft

$297

Tax History

Year	Taxes	Assessment
2025	$4,476	$483,400

Financial Details

Annual Property Tax

$4,476

Tax Year 2025

Assessed Value

$483,400

Elementary Schools

High Schools

Monthly Payment Breakdown

Loan Summary

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Listed for Sale

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114 Lake St, Peabody MA 01960

About this home

Property Overview

Sale Statistics

Facts & Features

Home Facts

Interior

Exterior

Parking

Utilities

Financial

Interior Features

Construction & Materials

Heating, Cooling & Utilities

Exterior & Lot

Parking & Garage

Special Features

Location

Neighborhood

Walkability

Nearby Schools

Elementary Schools

High Schools

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