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Essex 01938
1 Scott Hill Rd
$395,000
● House - Off Market

1 Scott Hill Rd

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,560 Ft²
$980,452
RealtyHop Estimate
142.09%
Since Feb 1, 2003
National-US
Primary Model

About This Property

CHARMING CAPE WITH HARDWOOD FLOORS, FIREPLACE IN LIVING RM. FORMAL DINING RM. PARTIAL FINISHED BASEMENT. ATTACHED GARAGE GREAT LOCATION!! NEAR TOWN AND COMMUTER RAIL. O.H. SUN.10/27  NOON-3PM
Unit Size
1,560 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$260
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1969

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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 #30661341)

Price History

Date / Event Date Event Price
Mar 6, 2023 Sold
Premium
Sold
Jan 7, 2003 Sold
Premium
Sold
Oct 24, 2002 Listed by Coldwell Banker Residential Brokerage - Ipswich $405,000
Listed by Coldwell Banker Residential Brokerage - Ipswich
Dec 10, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,387
  • Total Building Area: 1,542
  • Gross Building Area: 2,920
  • Building Area: 1,542
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,542
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000376
  • 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:52D B:022A L:0
  • Block: 22A
  • Municipality: IPSWICH
  • Latitude: 42.6657
  • Longitude: -70.8664

    Address

  • Full Address: 1 Scott Hill Rd
  • Address - House Number: 1
  • Address - Street Name: Scott Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 1101
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $733,700

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 703,037
  • High Value: 818,185
  • Low Value: 587,889

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $644,700
  • Assessed Land Value: $336,400
  • Assessed Improvements Value: $308,300

    Sales

  • Current Sale Contract Date: Mar 06, 2023
  • Current Sale Recording Date: Mar 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230306001680
  • Previous Sale Recording Date: Jan 07, 2003
  • Previous Sale Amount: $395,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30661341

Frequently Asked Questions

When was property at 1 Scott Hill Road built and last sold?
The property at 1 Scott Hill Road was built in 1969 and last sold on Mar 6, 2023 for $625,000.
How much is this home worth?
The estimated value of the home located at 1 Scott Hill Road is $420,803.
What are some comparable homes to 1 Scott Hill Road?
There are currently no comparable homes to 1 Scott Hill Road.
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