Active
5 Days on market
31 Paul Ave Peabody — Photo 1 of 42

31 Paul Ave Peabody — Photo 1 of 42

$899,900

31 Paul Ave, Peabody, MA 01960

Peabody, MA 01960 — Rolling Hills

Investor Analysis

Beds

4

Baths

3

SqFt

2,364

Style

Single Family

Built

1962

HERE IS YOUR OPPORTUNITY TO OWN IN THE CITY WITH THE #1 ZIP CODE IN THE USA! REMARKABLE W. PEABODY PROPERTY WITH A LEGAL IN-LAW APARTMENT IN DESIRABLE ROLLING HILLS! The main level offers a wonderful open floor plan starting with the FP living room with HW floors & a bow window for added sunshine. Spacious kitchen/dining room area that offers a white cabinet kitchen, granite counters, dining area & opens seamlessly into the formal dining room for all those upcoming holidays. Both rooms also have HW floors & the dining room could be used as an optional first level family room. The primary bedroom offers a 1/2 bath. Two more bedrooms, all bedrooms with HW floors and a newly updated full bath finish the main level. LL consists of an IN-LAW apartment with new luxury vinyl flooring which consists of a living room, kitchen, bedroom and 3/4 bath. There is a family room on this level with a fireplace that could be used as a 2nd bedroom for the in-law. AMAZING fenced-in backyard with a salt-water in-ground pool, garden area, pergola, outdoor 1/2 bath, 12x20 shed and plenty of additional parking. GREAT space for someone in the trades that needs room for parking and storage. Two car heated garage connected by a laundry/ storage room with separate entrance for the in-law. Central air and updated heating. All of this in a neighborhood you will instantly fall in love with!

Open Houses

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$381/sqft
Local Avg (Peabody)$375/sqft
2% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Peabody, MA.

Property Details

Financials

Original Price$899,900
Annual Taxes$7,512

Parking

Garage2
Off-Street10

Interior Specifications

Total Rooms11
Fireplaces2
FlooringTile, Hardwood
BasementFull, Finished, Walk-Out Access, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas, Electric
CoolingCentral Air, Ductless
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR1

Property & Lot

Acres0.6
SqFt Lot26,101
Lot FeaturesCleared, Level

Amenities & Appliances

Tankless Water Heater • Range • Dishwasher • Disposal • Trash Compactor • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Shopping • Walk/Jog Trails • Medical Facility • Bike Path • Highway Access • House of Worship

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1Bathroom 2
Basement
Family RoomBedroom 4Bathroom 3
Living Room
Lvl First

Flooring - Hardwood, Window(s) - Bay/Bow/Box

Dining Room
Lvl First

Flooring - Hardwood, Exterior Access

Kitchen
Lvl First

Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting

Family Room
Lvl Basement

Flooring - Vinyl, Recessed Lighting

Primary Bedroom
Lvl First

Bathroom - Half, Closet, Flooring - Hardwood

Bedroom 2
Lvl First
Bedroom 3
Lvl First

Closet, Flooring - Hardwood

Bedroom 4
Lvl Basement

Closet, Flooring - Vinyl

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting

Bathroom 2
Lvl First

Bathroom - Half

Bathroom 3
Lvl Basement

Bathroom - 3/4

Population

54,474

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$97K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

34.6%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '26)

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,364 sq ft principal dwelling). Lot size: 26,101 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Listing Provided By

Listing Agent: Joyce Cucchiara

Listing Office: Coldwell Banker Realty - Lynnfield

MLS® Number: 73578223

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