Investment opportunity: 2-family home with recent fire damage in the heart of Peabody being sold AS IS (will not qualify for traditional financing). Large units were completely renovated 2 years ago prior to fire. Unit 1 has a total of 4 beds and 2 baths, including finished basement with potential for in-law setup. Unit 2 has 3 beds and 1 bath. There's a 1-car attached garage as well as a separate storage room. Centrally located just off Main St with many shops and restaurants, public transportation and supermarket and proximity to Rte 128 and I-95. Do not miss out on this great opportunity and schedule a private showing or come to our group showing Friday 7/11 4:30-5:30pm.
Sale Statistics
Sale Overview
Original List Price:$499,000
Final Sale Price:$645,000
Difference:
+$146,000 (+29.3%)
Performance Metrics
129.3%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$174
Sale $/sq ft:$225
This property sold for $225 per square foot
Sale Summary
This property sold for 29.3% above the original asking price, indicating strong buyer demand.
With only 18 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
7
Full Bathrooms
3
Living Area
2,862 sq ft
Total Rooms
12
Stories
3
Levels
3
Interior Features
Flooring
Wood, Vinyl, Hardwood
Heating
Central, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range
Interior Features
Storage, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Open Floorplan, Smart Thermostat, Remodeled, Kitchen, Laundry Room, Living RM/Dining RM Combo
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Finished
Exterior & Structure
Construction Materials
Frame
Roof
Rubber
Foundation
Block
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.07 acres
Lot Size
3,223 sq ft
Lot Size Area
0.0700
Road Frontage Type
Public
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
1
Parking Features
Paved Drive
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
110 Volts
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,842
Tax Year
2023
Tax Assessed Value
$508,600
Parcel Number
M:0096 B:0024,2107293
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Property has fire damage mostly in the back of the house and upstairs unit and is being sold as is and will not qualify for traditional financing. Buyer and buyer's agent to do own due diligence. Listed rent amount reflects market value estimate. Listing agent is related to seller.
Location
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Neighborhood
38 Pierpont St, Peabody MA 01960
Peabody, MA 01960
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$404
Homeowners Insurance$200
PMI$0
Property History
Market Insights
22.6%
Price Range
20
Total Days on Market
Property Timeline
✓
Sold
Aug 15, 2025
$645,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Jul 9, 2025
$499,000
Original listing
Agent: Mayra RebelloOffice: Simple Key Realty Inc.
