14 Masconomet Rd
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 16, 2025 | In contract | - | |
| In contract | |||
| Jan 8, 2025 | Listed by Compass | $379,000 | |
| Listed by Compass | |||
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Rare opportunity to build new or rehab a single family home in a desirable Ipswich neighborhood. The three bedroom, two bathroom house is in need of complete restoration, will not qualify for conventional financing, is being sold as-is and may be considered a teardown. Title V failed, cash/construction loans only. The .27 acre, 11,700 sq ft lot features mature plantings and abuts the IRWA Riverbend property creating a serene and private feeling with ample space for outdoor activities, gardening, customization and entertaining. There is conservation land around the corner and it’s ~.6 miles to a local brewery, the YMCA and other attractions and conveniences. 1.5mi to Downtown Ipswich and the MBTA T Station. Centrally located to Crane Beach, downtown Essex and Hamilton and so much more of what makes this area special and so coveted. Investors and end-users: Come see the potential for yourself. Also listed as land, MLS# 73324467. Do not walk property without appointment.
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| May 27, 1994 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017