Dimensions9.416666666 x 5.083333333
FeaturesBathroom - Full
LevelFourth Floor
1 Drake Way # 16, Peabody MA 01960
Peabody, MA 01960
$555,000
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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 Median
$412/sq ft
Difference
16.8%
This property sold below the area median, potentially representing good value for the buyer.
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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Public Records & Permits
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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 02/26/2025 | ✓ Sold | $555,000 | - | - | Property sold |
| 01/23/2025 | 🏠 Listed for Sale | $564,900 | - | - | Original listing |
| 09/26/2022 | 🏷️ Previously Sold | $474,000 | - | - | MLS #73019029 |
| 10/05/2017 | 🏷️ Previously Sold | $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
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
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
MA Disclosures
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
Additional Details
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
Sold
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
Floor Layout
Interactive room guide
Floor Layout
Dimensions20.583333333 x 10.666666666
FeaturesCeiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
LevelFourth Floor
Dimensions14.333333333 x 9.583333333
FeaturesCeiling Fan(s), Flooring - Wall to Wall Carpet
LevelThird
Dimensions7.333333333 x 5
FeaturesBathroom - Full
LevelThird
Dimensions12.083333333 x 9.75
FeaturesCeiling Fan(s), Flooring - Wall to Wall Carpet
LevelThird
Dimensions4.75 x 4.666666666
FeaturesBathroom - Half, Flooring - Stone/Ceramic Tile
LevelSecond
Dimensions10.666666666 x 7.833333333
FeaturesFlooring - Hardwood, Open Floorplan
LevelSecond
Dimensions14.333333333 x 11.333333333
FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Open Floorplan
LevelSecond
Dimensions14.333333333 x 13.416666666
FeaturesFlooring - Hardwood, Open Floorplan
LevelSecond
FeaturesYes
Display Options
Outdoor Areas
Patio & porchDeck - Wood
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
Nearby Schools
School information not available for this location.
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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