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Essex 01938
11 Herrick Drive
$575,000
● House - Off Market

11 Herrick Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,453 Ft²
$937,157
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Beautiful Post and Beam custom built Cape in great neighborhood on cul de sac.  This home has been updated with newer kitchen, new counter tops in baths and tile floors.  The loft is presently used as a bedroom but would be a wonderful office.  The finished family room in the basement has a fabulous fireplace and is set up with a full bath and bar.  Could easily be used an in-law.  There is a "WOW" factor when you enter the front door.  Large deck overlooking private grounds.  All windows have been replaced and this home also has a generator.
Unit Size
2,453 Ft²
Days on Market
-
Land Size
1.60 acres
Price per sqft
$244
Property Type
House
Property Taxes
$601
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 4 months ago (MLSPIN #72222820)

Price History

Date / Event Date Event Price
Feb 23, 2018 Sold
Premium
Sold
Sep 5, 2017 Listed by Keller Williams Realty Evolution $599,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 23
  • 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: 1,716
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 69,696
  • Total Building Area: 2,453
  • Gross Building Area: 4,292
  • Building Area: 2,453
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,453
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001600
  • 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:37B B:0088 L:0
  • Block: 88
  • Municipality: IPSWICH
  • Latitude: 42.6789
  • Longitude: -70.9361

    Address

  • Full Address: 11 Herrick Dr
  • Address - House Number: 11
  • 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: $913,100

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 870,378
  • High Value: 1,019,899
  • Low Value: 720,857

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $802,400
  • Assessed Land Value: $422,800
  • Assessed Improvements Value: $379,600

    Sales

  • Current Sale Recording Date: Feb 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180223004110
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 months ago
Data Source: MLS PIN, MLS# 72222820

Frequently Asked Questions

When was property at 11 Herrick Drive built and last sold?
The property at 11 Herrick Drive was built in 1976 and last sold on Jan 1, 1970 for $575,000.
How much is this home worth?
The estimated value of the home located at 11 Herrick Drive is $624,120.
What are some comparable homes to 11 Herrick Drive?
There are currently no comparable homes to 11 Herrick Drive.
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