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Essex 01938
12 Sagamore Road
$995,000
● House - Off Market

12 Sagamore Road

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,140 Ft²
$893,392
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Set beautifully on this 1 acre lot, you'll love the country feel of this amazing property! Located on highly sought after Sagamore Rd, this home was built and cared for since 1976 by it's only owners! It's an opportunity for you to make desired updates and create new memories! The main level offers front to back living & dining room with a fireplace and a scenic view that is spectacular. The kitchen has a breakfast bar & dining area w/fireplace and a slider to the deck and its amazing back yard. There is also a bonus room (pot. 3rd br), a half bath & laundry room. Upstairs are 2 generously sized bedrooms with the main bedroom having its own dressing room and full bath! The 2 car garage and full, clean basement are huge bonuses! Located nicely near Crane Beach, downtown Ipswich, Hamilton and Essex.
Unit Size
2,140 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$420
Property Type
House
Property Taxes
$761
HOA Dues
-
Year Built
1976

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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 #73152779)

Price History

Date / Event Date Event Price
Sep 28, 2023 Sold
Premium
Sold
Aug 28, 2023 In contract -
In contract
Aug 26, 2023 Listed by J. Barrett & Company $899,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,220
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,140
  • Gross Building Area: 4,694
  • Building Area: 2,140
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,140
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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: RRA

Geography

  • Parcel: IPSW M:068 B:0021 L:0
  • Block: 21
  • Municipality: IPSWICH
  • Latitude: 42.6487
  • Longitude: -70.8237

    Address

  • Full Address: 12 Sagamore Rd
  • Address - House Number: 12
  • Address - Street Name: Sagamore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 2704
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $981,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1517
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 887,625
  • High Value: 1,022,293
  • Low Value: 752,958

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $862,100
  • Assessed Land Value: $435,600
  • Assessed Improvements Value: $426,500

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Sep 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230928001160
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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# 73152779

Frequently Asked Questions

When was property at 12 Sagamore Road built and last sold?
The property at 12 Sagamore Road was built in 1976 and last sold on Sep 28, 2023 for $995,000.
How much is this home worth?
The estimated value of the home located at 12 Sagamore Road is $914,607.
What are some comparable homes to 12 Sagamore Road?
There are currently no comparable homes to 12 Sagamore Road.
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