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1 Granite Rd, Peabody, MA, 01960

2beds
1baths
1,144sqft
$585,000
$511price/sqft
$3,927/moest. monthly cost
$157,080/yrincome needed

About This Home

Charming gem nestled in the sought-after Brown's Pond neighborhood of Peabody! Whether you're buying your first home or looking for the perfect downsize, this property delivers. Great condo alternative without the HOA fees! The low-maintenance backyard space features lovely professional landscaping, while the comfortable open floor plan on the main level offers true one-floor living potential. The beautiful kitchen boasts plentiful cabinetry, gorgeous butcher block counters, a cozy breakfast nook, and a sun-filled dining room. The spacious living room opens to the back patio, ideal for quiet morning coffee or summer BBQs. A fully updated bath and generous bedroom complete this smart main-level layout. Upstairs, you'll find another large bedroom, offering flexibility for first- or second-floor living. An additional built-in exterior shed offers even more storage. Enjoy neighborhood walks, fishing in Brown's Pond, and so much more!

Getting Around

42
WalkingCar-Dependent
0
TransitVery Limited Transit
30
BikeSomewhat Bikeable

Construction

Condition

  • Year built: 1925

Materials

  • Foundation: Stone
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Dishwasher,Microwave,Refrigerator,Washer,Dryer

Basement

  • Has basement: Yes
  • Basement: Full

Bathroom1

  • Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Pedestal Sink
  • Level: First
  • Area: 44.333333333

Bedroom2

  • Features: Ceiling Fan(s), Flooring - Wood
  • Level: First
  • Area: 160.0625

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Ceiling Fan(s), Flooring - Wood, Open Floorplan
  • Level: First
  • Area: 75.541666666

Features

  • Finished area above ground: 1,144

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,144
  • Total interior livable area: 1,144 sqft

Kitchen

  • Features: Ceiling Fan(s), Flooring - Wood, Exterior Access, Open Floorplan, Recessed Lighting, Peninsula, Lighting - Pendant
  • Level: First
  • Area: 163.520833333

Living Room

  • Features: Ceiling Fan(s), Flooring - Wood, Exterior Access, Open Floorplan
  • Level: First
  • Area: 205.083333333

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Ceiling Fan(s), Flooring - Stone/Ceramic Tile
  • Level: Second
  • Area: 173.875

Property

Details

  • Parcel number: M:0124 B:0057A,2111223
  • Zoning: R1A

Features

  • Patio & porch: Porch,Patio
  • Exterior features: Porch,Patio
  • Has view: Yes
  • View description: Water,Lake
  • Has water view: Yes
  • Water view: Lake,Water

Lot

  • Lot size: 1,751 sqft

Parking

  • Total spaces: 1
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,958$35,496
Home Insurance *$160$1,920
Property Taxes $455$5,460
Electricity $354$4,259
Total$3,927$47,124
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$134,640/yr
40% on housing$117,810/yr
45% on housing$104,720/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$511This listing

vs Other Active Listings

Avg $/sqft

ZIP 01960$304
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01960$372
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-14Price change$549,999
2026-08-05Price change$570,000
2026-07-21Listed for sale$585,000
2022-08-19Sold$515,000
2022-07-12Pending sale$485,000
2022-07-12Contingent$485,000
2022-07-07Listed for sale$485,000
2021-03-21Listing removed--
2013-04-11Sold$269,000
2013-01-27Listed for sale$279,900
2009-11-25Sold$270,000
2006-11-06Sold$130,000

For Sale by Agent

AgentThe Sarkis Team
BrokerageDouglas Elliman Real Estate - The Sarkis Team

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