7 Fairmount, Peabody MA 01960

Peabody, MA 01960
$645,000
Est. $3,433/month
2
Beds
2
Baths
1,778
Sq Ft
$363
Price/Sq Ft
0.20
Acres
1920
Year Built
Single Family Residence
Type
2
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73346735

About this home

Welcome to 7 Fairmount Rd! This move-in ready home is nestled on a peaceful side street just off RT 114. Only minutes from Northshore Mall and Liberty Tree Mall, you'll have easy access to all the shopping and dining options along 114 while enjoying the quiet charm of Fairmount Rd. Completely renovated down to the studs in 2018, this home offers modern updates throughout. Plus, with easy access to Route 128, it's a commuter's dream. Featuring 2 bedrooms and 2 bathrooms, it also boasts additional finished space in the basement—perfect for expanding and personalizing this wonderful home!

Sale Statistics

Sale Overview
Original List Price: $619,999
Final Sale Price: $645,000
Difference: +$25,001 (+4.0%)
Performance Metrics
104.0%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $349
Sale $/sq ft: $363
This property sold for $363 per square foot
Sale Summary

This property sold for 4.0% above the original asking price, indicating strong buyer demand.

With only 2 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1920
Bedrooms
2
Full Bathrooms
2
Living Area
1,778 sq ft
Total Rooms
12

Interior Features

Flooring
Wood, Tile
Heating
Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Gas Water Heater, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features
Internet Available - Satellite
Laundry Features
Washer Hookup
Basement Details
Full
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Stone
Architectural Style
Colonial
Roof
Shingle
Foundation
Stone
Exterior Features
Patio
Patio/Porch Features
Patio
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.20 acres
Lot Size
8,586 sq ft
Lot Size Area
0.2000
Lot Features
Gentle Sloping
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
6
Parking Features
Detached, Paved Drive, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range, Washer Hookup
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, Private School, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,245
Tax Year
2024
Tax Assessed Value
$575,100
Parcel Number
063159,2102530
Zoning
R1A

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Attached Property
No
Disclosures
Seller stated a small amount of water gets into the basement during heavy rain. He stated it has happened twice in the last 4 years of living at the property. Property does have a sump pump.

Location

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Neighborhood

7 Fairmount, 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 $437
Homeowners Insurance $200
PMI $0

Property History

Market Insights

3.9%
Price Range
3
Total Days on Market

Property Timeline

Sold
Apr 25, 2025
$645,000
Property sold
Days on Market: 3
🏠
Listed for Sale
Mar 18, 2025
$619,999
Original listing
Agent: Robert Nelson Office: Churchill Properties

Price & Status History

Date Event Price Change
Mar 18, 2025 New Listing Added $619,999

Market Statistics

Days on Market
2 days
Price per Sq Ft
$363

Tax History

Year Taxes Assessment
2024 $5,245 $575,100

Financial Details

Annual Property Tax
$5,245
Tax Year 2024
Assessed Value
$575,100

Listing Information

Listing Agent Robert Nelson
Listing Office Churchill Properties
Agent MLS ID CN255073
Office MLS ID AN4851

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