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Essex 01983
12 Mansion Drive
$651,000
● House - Off Market

12 Mansion Drive

Topsfield, MA 01983
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,705 Ft²
$623,284
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Incredible opportunity to own a ranch style home situated on a near acre in the highly sought after Topsfield! Offering 3 bedrooms and 1.5 bathrooms as well as a two car garage and multiple living spaces. Bring your ideas to make this house feel like your home! Great details such as hardwood floors, ample storage and stainless steel appliances in the kitchen, built in storage and MORE. Need more room? Check out the basement which will be perfect for additional storage. French drain in the basement also, featuring a new hot water heater & new furnace! The wooded lot provides a serene, private oasis, just waiting for its new owner. Come and see it!
Unit Size
1,705 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$367
Property Type
House
Property Taxes
$711
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: 4 months ago (MLSPIN #73112908)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
May 24, 2023 In contract -
In contract
May 17, 2023 Listed by Lamacchia Realty, Inc. $624,900
Listed by Lamacchia Realty, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1,705
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,149
  • Total Building Area: 1,705
  • Gross Building Area: 3,850
  • Building Area: 1,705
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,705
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000968
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: IRA

Geography

  • Account Number: 510
  • Parcel: TOPS M:0018 B:0016 L:
  • Block: 16
  • Municipality: TOPSFIELD
  • Latitude: 42.6522
  • Longitude: -70.9455

    Address

  • Full Address: 12 Mansion Dr
  • Address - House Number: 12
  • Address - Street Name: Mansion
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1110
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $925,300

    Appraisal Valuation

  • Standard Deviation: 0.1778
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 722,012
  • High Value: 850,431
  • Low Value: 593,592

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $629,900
  • Assessed Land Value: $371,100
  • Assessed Improvements Value: $258,800

    Sales

  • Current Sale Contract Date: Jul 31, 2023
  • Current Sale Recording Date: Jul 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230731001600
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73112908

Frequently Asked Questions

When was property at 12 Mansion Drive built and last sold?
The property at 12 Mansion Drive was built in 1955 and last sold on Jul 31, 2023 for $651,000.
How much is this home worth?
The estimated value of the home located at 12 Mansion Drive is $636,933.
What are some comparable homes to 12 Mansion Drive?
There are currently no comparable homes to 12 Mansion Drive.
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