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Essex 01938
1 Herrick Dr
$545,000
● House - Off Market

1 Herrick Dr

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,519 Ft²
$1,212,968
RealtyHop Estimate
114.68%
Since Aug 1, 2012
National-US
Primary Model

About This Property

With wonderful home sits in a beautifully landscaped yard and has an in-ground heated pool in a separate fenced in area.   Large family room with fireplace and soaring ceilings opens onto a sunroom as does the fully updated granite kitchen.  Formal dining room with wainscoting.  Gorgeous light filled living room.  Upstairs there are four bedrooms and two baths.  Attached two car garage.  Immaculately maintained, all the heavy lifting is done.  Move in and enjoy the pool this summer....
Unit Size
2,519 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$224
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #71376613)

Price History

Date / Event Date Event Price
Jul 27, 2012 Sold
Premium
Sold
May 2, 2012 Listed by J. Barrett & Company $565,000
Listed by J. Barrett & Company
Oct 31, 2000 Sold
Premium
Sold
Oct 18, 2000 Listed by J. Barrett & Company $539,000
Listed by J. Barrett & Company
Jul 17, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,320
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,509
  • Gross Building Area: 4,840
  • Building Area: 3,509
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,509
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERRICK ACRES IPSWICH
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: IPSWICH SD
  • Census Tract: 223300

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:37A B:0008 L:0
  • Block: 8
  • Municipality: IPSWICH
  • Latitude: 42.6783
  • Longitude: -70.9388

    Address

  • Full Address: 1 Herrick Dr
  • Address - House Number: 1
  • Address - Street Name: Herrick
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1008
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,049,200

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,004,228
  • High Value: 1,162,221
  • Low Value: 846,235

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $922,000
  • Assessed Land Value: $413,800
  • Assessed Improvements Value: $508,200

    Sales

  • Current Sale Recording Date: Jul 27, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Oct 31, 2000
  • Previous Sale Amount: $525,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2520 ft²

Average Home Age

73.7 years

Currently For Sale

1438 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71376613

Frequently Asked Questions

When was property at 1 Herrick Drive built and last sold?
The property at 1 Herrick Drive was built in 1975 and last sold on Jan 1, 1970 for $545,000.
How much is this home worth?
The estimated value of the home located at 1 Herrick Drive is $586,177.
What are some comparable homes to 1 Herrick Drive?
There are currently no comparable homes to 1 Herrick Drive.
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