~WELCOME TO 8 BAILEY TERRACE ~ Just over the Lynnfield line, this stunning 5 BEDROOM, custom designed home with over 3,500+ sf. of living space boasts TWO PRIMARY BEDROOMS & TWO FAMILY ROOMS!! (2nd is listed under Game Room below). The spacious kitchen offers an abundance of cabinets & counter space, as well as an island AND separate dining area w/sliders opening to the private back yard. The kitchen seamlessly transitions to the SPACIOUS FAMILY ROOM, with even more entertaining space. This floor additionally hosts a FORMAL DINING ROOM, OFFICE, MASTER BEDROOM, LAUNDRY RM, HALF BATH & MUDROOM with basement access conveniently leading to the garage, with basement access as well. Upstairs you will find the second Primary bedroom w/bath, a cathedral ceiling Family room, as well as THREE MORE BEDROOMS & full bath. HARDWOOD RUNS THROUGHOUT MOST OF THIS HOME. 2023 FURNACE & 2022 A/C. Downstairs is a huge, unfinished basement. THERE ARE NO COMPROMISES WITH THIS FABULOUS HOME
Sale Statistics
Sale Overview
Original List Price:$1,100,000
Final Sale Price:$1,260,000
Difference:
+$160,000 (+14.5%)
Performance Metrics
114.5%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$297
Sale $/sq ft:$341
This property sold for $341 per square foot
Sale Summary
This property sold for 14.5% above the original asking price, indicating strong buyer demand.
With only 4 days on market, this was a quick sale compared to typical market conditions.
Deck - Composite, Professional Landscaping, Sprinkler System, Fenced Yard
Patio/Porch Features
Deck - Composite
Fencing
Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.46 acres
Lot Size
20,221 sq ft
Lot Size Area
0.4600
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Garage Spaces
2
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
6
Parking Features
Attached, Garage Door Opener, Off Street, Paved
Covered Parking Spaces
2
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service
Community & HOA
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Walk/Jog Trails, Golf, Medical Facility, Bike Path, Highway Access, House of Worship, Private School, Public School
HOA
No
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$9,396
Tax Year
2024
Tax Assessed Value
$1,030,300
Tax Map Number
23
Parcel Number
3971382
Zoning
R1
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Attached Property
No
Disclosures
Measurements and room dimensions approx.
Location
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Neighborhood
8 Bailey Terrace, 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$783
Homeowners Insurance$200
PMI$0
Property History
Market Insights
12.7%
Price Range
5
Total Days on Market
Property Timeline
✓
Sold
Jul 26, 2024
$1,260,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Jun 13, 2024
$1,100,000
Original listing
Agent: Marjorie Youngren TeamOffice: Keller Williams Realty Evolution
