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1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960
$555,000
Est. $3,837/month
3
Beds
2.5
Baths
1,620
Sq Ft
$343
Price/Sq Ft
2006
Year Built
14
Days on Market
Closed Listed Jan 23, 2025 • MLS# 73328615 Copied!

About this home

Move-in Ready. Fantastic well-maintained 3 Bedroom multi-level townhouse with spectacular water views! The first level has attached 1-car garage and basement storage/utilities space plus a Foyer/Mudroom. On the 2nd level, you will find a spacious open-concept floor plan that seamlessly connects the modern kitchen with center island to dining space and a sun-drenched living room. Gleaming hardwood floors throughout this level. Layout is perfect for entertaining or relaxing with family. A private balcony off the living room allows you to gaze upon the beautiful outdoor space. You can relax and watch the ducks on nearby Crowninshield Pond! A half bath completes this floor. The 3rd level boasts 2 large bedrooms, laundry, and a Full Bath. When you go up to the top 4th level, be prepared for a huge front to back primary suite with a full bath and a walk-in closet. Built in 2006, Drake Crossing is a pet-friendly complex & homeowners rarely move out, so act quickly to grab this rare find.

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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
4
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $564,900
Final Sale Price: $555,000
Difference: $9,900 (-1.8%)
Performance Metrics
98.2%
List to Sale Ratio
Sold below asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $349
Sale $/sq ft: $343
This property sold for $343 per square foot
Sale Summary

This property sold for 1.8% below the original asking price.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$343/sq ft
Area Average
$384/sq ft
Difference
10.7%

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 Forced Air
Cooling Central Air
Flooring Tile, Carpet, Hardwood, Flooring - Stone/ceramic Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Laundry Closet, Electric Dryer Hookup, Washer Hookup, Third Floor, In Unit
Features Foyer

Exterior

Construction Frame, Stone
Architecture None
Roof Shingle
Features Balcony / Deck, Deck - Wood, Balcony, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Garage Door Opener, Storage, Garage Faces Side, Off Street, Tandem, Assigned, Deeded, Guest, Paved
Total Spaces 2

Utilities

Electric 110 Volts, 220 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,612
Assessed Value $498,100

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Foyer
Windows:
Basement: Y
Laundry: Laundry Closet, Electric Dryer Hookup, Washer Hookup, Third Floor, In Unit
Security:

Construction & Materials

Year Built: 2006
Structure Type: Townhouse
Exterior Materials: Frame, Stone
Roof: Shingle
Foundation:
Stories: 4

Heating, Cooling & Utilities

Heating: 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: Balcony / Deck, Deck - Wood, Balcony, Professional Landscaping
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, Garage Door Opener, Storage, Garage Faces Side, Off Street, Tandem, Assigned, Deeded, Guest, Paved

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Pond
Community Amenities: Public Transportation, Shopping

Location

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Neighborhood

1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960

Walkability

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Nearby Schools

School information not available for this location.

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 $384
Homeowners Insurance $200
HOA Fee $447/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

1.8%
Price Range
15
Total Days on Market

Property Timeline

Sold
Feb 26, 2025
$555,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Jan 23, 2025
$564,900
Original listing
Agent: Steven Mango Office: StartPoint Realty

Price & Status History

Date Event Price Change
Jan 23, 2025 New Listing Added $564,900

Market Statistics

Days on Market
14 days
Price per Sq Ft
$343

Tax History

Year Taxes Assessment
2025 $4,612 $498,100

Financial Details

Annual Property Tax
$4,612
Tax Year 2025
HOA Fee
$447
Monthly
Assessed Value
$498,100

Listing Information

Listing Agent Steven Mango
Listing Office StartPoint Realty
Agent MLS ID CN234978
Office MLS ID AN5803
Listing Data Updated Feb 27, 2025 10:00 AM EST
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

1 Drake Way # 16, Peabody MA 01960 - Photo 1 1 Drake Way # 16, Peabody MA 01960 - Photo 2 1 Drake Way # 16, Peabody MA 01960 - Photo 3 1 Drake Way # 16, Peabody MA 01960 - Photo 4 1 Drake Way # 16, Peabody MA 01960 - Photo 5 1 Drake Way # 16, Peabody MA 01960 - Photo 6 1 Drake Way # 16, Peabody MA 01960 - Photo 7 1 Drake Way # 16, Peabody MA 01960 - Photo 8 1 Drake Way # 16, Peabody MA 01960 - Photo 9 1 Drake Way # 16, Peabody MA 01960 - Photo 10 1 Drake Way # 16, Peabody MA 01960 - Photo 11 1 Drake Way # 16, Peabody MA 01960 - Photo 12 1 Drake Way # 16, Peabody MA 01960 - Photo 13 1 Drake Way # 16, Peabody MA 01960 - Photo 14 1 Drake Way # 16, Peabody MA 01960 - Photo 15 1 Drake Way # 16, Peabody MA 01960 - Photo 16 1 Drake Way # 16, Peabody MA 01960 - Photo 17 1 Drake Way # 16, Peabody MA 01960 - Photo 18 1 Drake Way # 16, Peabody MA 01960 - Photo 19 1 Drake Way # 16, Peabody MA 01960 - Photo 20 1 Drake Way # 16, Peabody MA 01960 - Photo 21 1 Drake Way # 16, Peabody MA 01960 - Photo 22 1 Drake Way # 16, Peabody MA 01960 - Photo 23 1 Drake Way # 16, Peabody MA 01960 - Photo 24 1 Drake Way # 16, Peabody MA 01960 - Photo 25 1 Drake Way # 16, Peabody MA 01960 - Photo 26 1 Drake Way # 16, Peabody MA 01960 - Photo 27 1 Drake Way # 16, Peabody MA 01960 - Photo 28 1 Drake Way # 16, Peabody MA 01960 - Photo 29 1 Drake Way # 16, Peabody MA 01960 - Photo 30 1 Drake Way # 16, Peabody MA 01960 - Photo 31 1 Drake Way # 16, Peabody MA 01960 - Photo 32 1 Drake Way # 16, Peabody MA 01960 - Photo 33 1 Drake Way # 16, Peabody MA 01960 - Photo 34 1 Drake Way # 16, Peabody MA 01960 - Photo 35 1 Drake Way # 16, Peabody MA 01960 - Photo 36 1 Drake Way # 16, Peabody MA 01960 - Photo 37 1 Drake Way # 16, Peabody MA 01960 - Photo 38 1 Drake Way # 16, Peabody MA 01960 - Photo 39 1 Drake Way # 16, Peabody MA 01960 - Photo 40
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