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Essex 01938
14 Skytop Road
$1,000,000
● House - Off Market

14 Skytop Road

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,660 Ft²
$1,044,748
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

First time on the market for this one-owner Ranch style home with mid-century modern vibes and lovely water views! Main house has 3 bedrooms and 2 baths, and lower level has additional bedroom, bath and living space. This home is situated on almost an acre, very unusual for Great Neck. Close proximity to Clark Beach, Pavilion Beach and the Ipswich Bay Yacht Club. Renovate this property to make it your own and take advantage of this fabulous beach town.
Unit Size
2,660 Ft²
Days on Market
-
Land Size
0.90 acres
Price per sqft
$372
Property Type
House
Property Taxes
$717
HOA Dues
$3
Year Built
1960

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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 #73037753)

Price History

Date / Event Date Event Price
Nov 2, 2022 Sold
Premium
Sold
Sep 24, 2022 In contract -
In contract
Sep 16, 2022 Listed by Windhill Realty, LLC $990,000
Listed by Windhill Realty, LLC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,400
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,339
  • Total Building Area: 2,660
  • Gross Building Area: 4,044
  • Building Area: 2,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,660
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000903
  • 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:15D B:0099 L:0
  • Block: 99
  • Municipality: IPSWICH
  • Latitude: 42.7085
  • Longitude: -70.8014

    Address

  • Full Address: 14 Skytop Rd
  • Address - House Number: 14
  • Address - Street Name: Skytop
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1449
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,078,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,108,828
  • High Value: 1,286,025
  • Low Value: 931,631

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $947,900
  • Assessed Land Value: $697,800
  • Assessed Improvements Value: $250,100

    Sales

  • Current Sale Contract Date: Oct 26, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221102001390
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73037753

Frequently Asked Questions

When was property at 14 Skytop Road built and last sold?
The property at 14 Skytop Road was built in 1960 and last sold on Oct 26, 2022 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 14 Skytop Road is $1,003,649.
What are some comparable homes to 14 Skytop Road?
There are currently no comparable homes to 14 Skytop Road.
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