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Essex 01938
13 Hillside Rd
$600,000
● House - Off Market

13 Hillside Rd

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,280 Ft²
$623,919
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Property is being marketed in an "as is condition" as a rehab or a re-built.  Some water views. Expansion possibilities. Close to  Pavillion Beach. House has had some updates. Some windows have been replaced. Updated kitchen with newer appliances. First floor bathroom has been updated. First floor is being occupied as a one bedroom, bath, kitchen, living room. Expansive yard with a large detached 2 car garage in need of rebuilding. This is an opportunity to own on Great Neck. Ipswich offers commuter rail to Boston, many restaurants, YMCA,  both private and public beaches for boating, clamming, fishing. and a downtown to shop for your treasures. House is occupied .Please be respectful to the tenants privacy.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$469
Property Type
House
Property Taxes
$524
HOA Dues
$3
Year Built
1945

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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 #72992505)

Price History

Date / Event Date Event Price
Sep 28, 2022 Sold
Premium
Sold
Jun 4, 2022 Listed by J. Barrett & Company $599,900
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,801
  • Total Building Area: 1,248
  • Gross Building Area: 1,489
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000225
  • 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:24A B:0042 L:0
  • Block: 42
  • Municipality: IPSWICH
  • Latitude: 42.7001
  • Longitude: -70.7946

    Address

  • Full Address: 13 Hillside Rd
  • Address - House Number: 13
  • Address - Street Name: Hillside
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 2820
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $638,600

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 626,850
  • High Value: 676,940
  • Low Value: 576,759

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,200
  • Assessed Land Value: $434,600
  • Assessed Improvements Value: $126,600

    Sales

  • Current Sale Contract Date: Sep 19, 2022
  • Current Sale Recording Date: Sep 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220928003580
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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 72992505

Frequently Asked Questions

When was property at 13 Hillside Road built and last sold?
The property at 13 Hillside Road was built in 1945 and last sold on Sep 19, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 13 Hillside Road is $605,899.
What are some comparable homes to 13 Hillside Road?
There are currently no comparable homes to 13 Hillside Road.
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