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1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960
$347,700
3
Beds
2.5
Baths
1,620
Sq Ft
$215
Price/Sq Ft
2006
Year Built
1
Garage Space
22
Days on Market
Closed Listed Aug 23, 2017 • MLS# 72217678 Copied! • Updated Oct 5, 2017

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
$233/sq ft
Difference
7.6%

This property sold near the area average for similar homes.

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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Recently Sold Nearby

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

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

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
Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Guest
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $3,548
Assessed Value $301,700

HOA & Community

HOA Fee $343 Monthly
Fee Includes Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
Amenities None
Optional Fee Includes None
Pets Yes
Seller Disclosures None
Possession None
Accepted Financing Contract
Structure Type ["Townhouse"]
Unit/Building 16
Sq Ft Source Field Card
Documents Master Deed, Unit Deed, Management Association Bylaws (3)
County Essex
Total market time (incl. prior listings) 23 days

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

Room Details

Second Floor

Bedroom3
Closet, Flooring - Wall to Wall Carpet
Bathroom2
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bedroom2
Closet, Flooring - Wall to Wall Carpet

Third Floor

Bathroom3
Bathroom - Full, Flooring - Stone/Ceramic Tile
Master Bedroom
Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet

Other Floor

Bedroom5
Bedroom4
Dining Room
Office
Family Room
Master Bathroom
Yes

Main,First Floor

Bathroom1
Bathroom - Half, Flooring - Stone/Ceramic Tile
Kitchen
Bathroom - Half, Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Exterior Access, Open Floorplan, Remodeled, Stainless Steel Appliances
Living Room
Flooring - Hardwood, Deck - Exterior, Exterior Access, Open Floorplan, Slider

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
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-
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
M

Middle Schools

3 schools
C+
J. Henry Higgins Middle School
0.5 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
C+
Collins Middle School
1.8 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B-
Holten Richmond Middle School
2.6 mi | #183 of 352 | Score: 42.0
Dropped 12 spots from last year
-16.2 below state avg
745 students Moderate
Grades 06-08
H

High Schools

3 schools
Bishop Fenwick High School
1.0 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
2.0 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Northeast ARC
2.3 mi
Grades 06-12
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Location

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Neighborhood

1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960

Listing Information

Listing Office Keller Williams Realty-Merrimack
Office Phone 978-692-3280
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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