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1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960
$347,700
Est. $2,597/month
3
Beds
2.5
Baths
1,620
Sq Ft
$215
Price/Sq Ft
2006
Year Built
22
Days on Market
Closed Listed Aug 23, 2017 • MLS# 72217678 Copied!

About this home

HERE IT IS. First offering in sought-after Drake Crossing since last year. This lovingly maintained unit has had only one owner since new. The location is convenient to shopping and public transportation. This townhouse-style condo features a one-car garage on the ground level with three floors of living space above. Open concept living area on first level with granite/stainless kitchen, half bath, dining space and living room with sliders to deck overlooking the water. Second floor has two bedrooms, full bath and laundry. Master bedroom and bath comprise the entire third level for maximum privacy. There is loads of extra storage space in this generous-sized unit and several updates, as well. A pleasure to show.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2006
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,620 sq ft
Total Rooms
5
Stories
3
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $339,900
Final Sale Price: $347,700
Difference: +$7,800 (+2.3%)
Performance Metrics
102.3%
List to Sale Ratio
Sold above asking price
22
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $210
Sale $/sq ft: $215
This property sold for $215 per square foot
Sale Summary

This property sold for 2.3% above the original asking price, indicating strong buyer demand.

With only 22 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$215/sq ft
Area Average
$290/sq ft
Difference
25.9%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2006
Living Area 1,620 sq ft
Bedrooms 3
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Central, Forced Air
Cooling Central Air
Flooring Wood, Carpet
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Second Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof None
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Guest
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,548
Assessed Value $301,700

Interior Features

Flooring: Wood, Carpet
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Second Floor, In Unit
Security:

Construction & Materials

Year Built: 2006
Structure Type: Townhouse
Exterior Materials: Frame
Roof:
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Central, Forced Air
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Off Street, Guest

Location

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Neighborhood

1 Drake Way # 16, 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

10 schools
Covenant Christian Academy
3.7 mi
Grades PK-12
The Recreational Education Center, LLC
3.7 mi
Grades PK-12
F
Peabody Personalized Remote Education Program (Peabody P.R.E.P.)
5.0 mi | #346 of 346 | Score: 14.3
Improved 32 spots from last year
-43.9 below state avg
97 students Diverse
Rising School
Grades K-12
C-
Center School
0.6 mi | #731 of 824 | Score: 33.7
Dropped 351 spots from last year
-24.6 below state avg
123 students Diverse
Diverse Student Body
Grades PK-05
C
Thomas Carroll School
0.7 mi | #611 of 824 | Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
William A Welch Sr School
0.9 mi | #666 of 824 | Score: 37.6
Improved 124 spots from last year
-20.7 below state avg
408 students Diverse
Rising School
Grades K-05
A-
South Memorial School
1.3 mi | #235 of 824 | Score: 53.0
Improved 270 spots from last year
-5.2 below state avg
506 students Moderate
Rising School
Grades PK-05
B-
Captain Samuel Brown School
1.9 mi | #482 of 824 | Score: 45.3
Improved 39 spots from last year
-12.9 below state avg
369 students Diverse
Rising School
Grades K-05
C
John E. McCarthy School
3.6 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
B+
West Memorial School
4.4 mi | #284 of 824 | Score: 51.2
Improved 182 spots from last year
-7 below state avg
294 students Moderate
Rising School
Grades PK-05
M

Middle Schools

1 school
C+
J. Henry Higgins Middle School
0.6 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

2 schools
Bishop Fenwick High School
1.0 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
C
Peabody Veterans Memorial High School
2.4 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
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $296
Homeowners Insurance $200
HOA Fee $343/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

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

38.8%
Price Range
23
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73328615
Full transaction history available when tracking began
🏷️
Previously Sold
Feb 26, 2025
$555,000
MLS #73328615
Previous Transaction - MLS #73019029
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 26, 2022
$474,000
MLS #73019029
Sold
Oct 5, 2017
$347,700
Property sold
Days on Market: 23
🏠
Listed for Sale
Aug 23, 2017
$339,900
Original listing
Agent: Tom Warner Office: Keller Williams Realty-Merrimack

Price & Status History

Date Event Price Change
Feb 26, 2025 Sold $555,000
Sep 26, 2022 Sold $474,000
Aug 23, 2017 New Listing Added $339,900

Market Statistics

Days on Market
22 days
Price per Sq Ft
$215

Tax History

Year Taxes Assessment
2017 $3,548 $301,700

Financial Details

Annual Property Tax
$3,548
Tax Year 2017
HOA Fee
$343
Monthly
Assessed Value
$301,700

Listing Information

Listing Office Keller Williams Realty-Merrimack
Agent MLS ID CN215141
Office MLS ID G95166
Listing Data Updated Oct 5, 2017 1:50 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Peabody, MA

Real-time market trends and pricing data for this area

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