1 River Court
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Listed by Portside Real Estate Group | $699,000 | |
| Listed by Portside Real Estate Group | |||
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Fully renovated in 2024, this move-in-ready Ipswich home blends modern efficiency with timeless charm. Thoughtfully updated through a full Mass Save energy audit, the home features brand new electric, enhanced insulation, smart appliances, state of the art high-efficiency water heater, heated flooring in 2nd floor bath and laundry - bringing comfort and energy savings. Plus, all new plumbing. The first floor offers a bright, open layout designed for today’s living, with a spacious living room, dining area, and a beautifully updated kitchen. A dedicated home office provides the flexibility so many buyers are looking for. Upstairs, the second level includes two bedrooms, a full bath, and convenient laundry. The third floor adds even more versatility with an additional bedroom and bonus space—perfect for a playroom, guest area, or creative retreat. A short distance to the commuter rail, and all downtown Ipswich has to offer. Don't forget the resident beach sticker just in time for summer!
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| May 14, 2024 | Sold | ||
| Sold | |||
| Apr 17, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017