1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960
$555,000
Est. $2,954/month
3
Beds
2.5
Baths
1,620
Sq Ft
$343
Price/Sq Ft
2006
Year Built
Condominium
Type
14
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73328615

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.

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.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
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

Interior Features

Flooring
Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
Heating
Forced Air
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Foyer
Laundry Features
Laundry Closet, Electric Dryer Hookup, Washer Hookup, Third Floor, In Unit
Basement Details
Y
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame, Stone
Roof
Shingle
Exterior Features
Balcony / Deck, Deck - Wood, Balcony, Professional Landscaping
Patio/Porch Features
Deck - Wood
Has Spa
No
Waterfront Features
Waterfront, Pond
Waterfront Property
Yes

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Under, Garage Door Opener, Storage, Garage Faces Side, Off Street, Tandem, Assigned, Deeded, Guest, Paved
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
110 Volts, 220 Volts, Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping
HOA Fee
$447
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,612
Tax Year
2025
Tax Assessed Value
$498,100
Parcel Number
0740915,4688153
Zoning
R4

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Drake Crossing
Common Walls
2+ Common Walls
Disclosures
Water/sewer is not common & is billed separately (not part of HOA fee).
Exclusions
Personal Belongings. Note: Washer / Dryer & Deck Furniture Will Be Left Behind As Gifts To Buyers

Location

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Neighborhood

1 Drake Way # 16, 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 $384
Homeowners Insurance $200
HOA Fee $447
PMI $0

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

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