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1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960
$474,000
3
Beds
2.5
Baths
1,620
Sq Ft
$293
Price/Sq Ft
2006
Year Built
1
Garage Space
15
Days on Market
Closed Listed Aug 1, 2022 • MLS# 73019029 Copied! • Updated Sep 26, 2022

Sale Statistics

Sale Overview
Original List Price: $460,000
Final Sale Price: $474,000
Difference: +$14,000 (+3.0%)
Performance Metrics
103.0%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $284
Sale $/sq ft: $293
This property sold for $293 per square foot
Sale Summary

This property sold for 3.0% above the original asking price, indicating strong buyer demand.

With only 15 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
$293/sq ft
Area Average
$233/sq ft
Difference
+26.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Great opportunity to own this lovely unit at Drake Crossing. This 3 bedroom townhouse has great features including top level Master Suite featuring wall to wall carpert, celing fan with walk-in closet and full master bath, the second level has 2 bedrooms both with wall to wall carpet & ceiling fans, full bath and laundry. Living level has open floor plan with the Living Room, Dining Area and Kitchen all having hardwood floors. Kitchen features an island and granite counter tops. Step out onto your deck to overlook Crowninshield Pond. Unit has central A/C and garage parking. Extra storage and Utility area in the basement. Don't miss out on this fantastic unit!

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Recently Sold Nearby

Property History

Market Insights

37.4%
Price Range
16
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
Sold
Sep 26, 2022
$474,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Aug 1, 2022
$460,000
Original listing
Agent: Christopher Hamilton Office: ERA Key Realty Services
Previous Transaction - MLS #72217678
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 5, 2017
$347,700
MLS #72217678

Tax History

Year Taxes Assessment
2022 $3,751 $371,400

Financial Details

Annual Property Tax
$3,751
Tax Year 2022
HOA Fee
$388
Per month
Assessed Value
$371,400

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 Forced Air
Cooling Central Air
Flooring None
Appliances Range, Dishwasher, Disposal, Microwave
Fireplace None
Basement Y
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Balcony / Deck, Deck - Wood
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood
Garage Spaces 1
Has Garage Yes
Features Under, Off Street
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $3,751
Assessed Value $371,400

HOA & Community

HOA Fee $388
Fee Includes Insurance, Maintenance Grounds, Snow Removal, Trash
Amenities None
Optional Fee Includes None
Owner-Occupied Units 16
Pets Yes
Seller Disclosures Room Sizes Are Approx. Buyer & Buyers Agent To Do Due Diligence. Refrigerator & Washer/dryer Not Included But Are Negotiable
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building 16
Sq Ft Source Field Card
Documents None
County Essex
Total market time (incl. prior listings) 16 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

First Floor

Bathroom1
5 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile
Dining Room
11 x 9
Flooring - Hardwood
Kitchen
12 x 11
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island
Living Room
14 x 10
Flooring - Hardwood

Second Floor

Bedroom3
12 x 10
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Bathroom2
8 x 5
Bathroom - Full, Flooring - Stone/Ceramic Tile
Bedroom2
14 x 10
Ceiling Fan(s), Flooring - Wall to Wall Carpet

Third Floor

Bathroom3
9 x 5
Bathroom - Full, Flooring - Stone/Ceramic Tile
Master Bedroom
21 x 11
Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet

Other Floor

Bedroom5
Bedroom4
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Microwave
Interior Features:
Windows:
Basement: Y
Laundry:
Security:

Construction & Materials

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

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Balcony / Deck, Deck - Wood
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Pond
Community Amenities:
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 ERA Key Realty Services
Office Phone 978-614-1600
Agent MLS ID CN219828
Office MLS ID AC1820
Listing Data Updated Sep 26, 2022 1:09 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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