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Essex 01938
112 North Ridge Road
$680,000
● House - Off Market

112 North Ridge Road

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
$1,510,486
RealtyHop Estimate
115.94%
Since Dec 1, 2012
National-US
Primary Model

About This Property

MILLION DOLLAR VIEWS UNDER MILLION TO OWN! Located Great Neck Peninsula high upon ridge w spectacular 180 degree ocean views & 40' wall of glass. Impeccable, fully renovated home offers true comfort of coastal New England charm. Privacy & low maintenance. Simply enjoy designed turn-key home, 950 sf scenic wrap deck and 1,305 sf dry concrete walkout basement; or  amazing approx.potential option extra 1000 sf living area  w/ town approval.Title V install approx. $70k in price.Mooring Preference.
Unit Size
-
Days on Market
-
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$518
HOA Dues
-
Year Built
1955

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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: 6 months ago (MLSPIN #71396408)

Price History

Date / Event Date Event Price
Nov 29, 2012 Sold
Premium
Sold
Jun 13, 2012 Listed by J. Barrett & Company $699,500
Listed by J. Barrett & Company
Jan 26, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 990
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,749
  • Total Building Area: 1,485
  • Gross Building Area: 2,302
  • Building Area: 1,485
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,485
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000178
  • 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: 223100

Zoning

  • Zoning: RRB

Geography

  • Parcel: IPSW M:15D B:0003 L:0
  • Block: 3
  • Municipality: IPSWICH
  • Latitude: 42.7091
  • Longitude: -70.8

    Address

  • Full Address: 112 Northridge Rd
  • Address - House Number: 112
  • Address - Street Name: Northridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1480
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,216,000

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,287,082
  • High Value: 1,489,575
  • Low Value: 1,084,588

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,068,500
  • Assessed Land Value: $722,000
  • Assessed Improvements Value: $346,500

    Sales

  • Current Sale Recording Date: Nov 29, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jan 26, 1990
  • Previous Sale Amount: $80,000
  • 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

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71396408

Frequently Asked Questions

When was property at 112 North Ridge Road built and last sold?
The property at 112 North Ridge Road was built in 1955 and last sold on Jan 1, 1970 for $680,000.
How much is this home worth?
The estimated value of the home located at 112 North Ridge Road is $706,495.
What are some comparable homes to 112 North Ridge Road?
There are currently no comparable homes to 112 North Ridge Road.
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