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Essex 01938
12 Paradise Road
$520,000
● House - Off Market

12 Paradise Road

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,590 Ft²
$1,063,182
RealtyHop Estimate
97.25%
Since Nov 1, 2004
National-US
Primary Model

About This Property

Custom Contemporary Cape.  Maine Post & Beam set on private 2.3 acre wooded lot.  Long driveway, x-lrg wrap-around deck, open and spacious floor plan, cathedral ceilings w/skylights, fireplace and woodstove.  Finished walk-out lower level w/Play Room and 4th bedroom.  Bring your In-laws?
Unit Size
2,590 Ft²
Days on Market
-
Land Size
2.30 acres
Price per sqft
$208
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1985

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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 #70015466)

Price History

Date / Event Date Event Price
Aug 24, 2021 Sold
Premium
Sold
Jun 22, 2021 Listed by Re/max Coast & Country $645,000
Listed by Re/max Coast & Country
Oct 5, 2004 Sold
Premium
Sold
Apr 1, 2004 Listed by Re/max Coast & Country $539,000
Listed by Re/max Coast & Country
Nov 30, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 1,110
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 100,188
  • Total Building Area: 2,720
  • Gross Building Area: 4,002
  • Building Area: 2,720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,720
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IPSWICH
  • Land Acres: 0000002300
  • 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:20D B:0013 L:0
  • Block: 13
  • Municipality: IPSWICH
  • Latitude: 42.6978
  • Longitude: -70.8663

    Address

  • Full Address: 12 Paradise Rd
  • Address - House Number: 12
  • Address - Street Name: Paradise
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C005
  • 4-Digit Zip Code: 1259
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $790,700

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 810,760
  • High Value: 938,462
  • Low Value: 683,059

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $694,800
  • Assessed Land Value: $382,200
  • Assessed Improvements Value: $312,600

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210824002970
  • Previous Sale Recording Date: Oct 05, 2004
  • Previous Sale Amount: $520,000
  • 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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70015466

Frequently Asked Questions

When was property at 12 Paradise Road built and last sold?
The property at 12 Paradise Road was built in 1985 and last sold on Aug 24, 2021 for $656,000.
How much is this home worth?
The estimated value of the home located at 12 Paradise Road is $673,813.
What are some comparable homes to 12 Paradise Road?
There are currently no comparable homes to 12 Paradise Road.
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