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1 Drake Way # 16, Peabody MA 01960

Peabody, MA 01960
$555,000
3
Beds
2.5
Baths
1,620
Sq Ft
$343
Price/Sq Ft
2006
Year Built
1
Garage Space
14
Days on Market
Closed Listed Jan 23, 2025 • MLS# 73328615 Copied! • Updated Feb 27, 2025

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 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$343/sq ft
Area Average
$233/sq ft
Difference
+47.5%

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

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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Recently Sold Nearby

Property History

Market Insights

38.4%
Price Range
15
Total Days on Market
2
Previous Sales

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
Previous Transaction - MLS #73019029
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 26, 2022
$474,000
MLS #73019029
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
2025 $4,612 $498,100

Financial Details

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

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

HOA & Community

HOA Fee $447 Monthly
Fee Includes Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Amenities None
Optional Fee Includes None
Owner-Occupied Units 16
Seller 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
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building 16
Sq Ft Source Public Record
Sq Ft Disclosures Buyer & Buyer Agent due diligence. Floor Plans/layout provided for informational purposes only.
Documents Master Deed, Unit Deed, Rules & Regs, Other (see Remarks)
County Essex
Total market time (incl. prior listings) 15 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
4
Entry Level
1

Room Details

Second Floor

Bathroom1
4.75 x 4.666666666
Bathroom - Half, Flooring - Stone/Ceramic Tile
Dining Room
10.666666666 x 7.833333333
Flooring - Hardwood, Open Floorplan
Kitchen
14.333333333 x 11.333333333
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan
Living Room
14.333333333 x 13.416666666
Flooring - Hardwood, Open Floorplan

Third Floor

Bedroom3
14.333333333 x 9.583333333
Ceiling Fan(s), Flooring - Wall to Wall Carpet
Bathroom2
7.333333333 x 5
Bathroom - Full
Bedroom2
12.083333333 x 9.75
Ceiling Fan(s), Flooring - Wall to Wall Carpet

Other Floor

Bedroom5
Bedroom4
Office
Family Room
Master Bathroom
Yes

Fourth Floor Floor

Bathroom3
9.416666666 x 5.083333333
Bathroom - Full
Master Bedroom
20.583333333 x 10.666666666
Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet

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
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
0.6 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
1.7 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 Agent Steven Mango
Listing Office StartPoint Realty
Office Phone 978-422-3999
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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