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Essex 01938
15 Cedarview Rd
$385,000
● House - Off Market

15 Cedarview Rd

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
1 Bath
square feet
988 Ft²
$569,132
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Opportunity for one story living set within a side street community.  Boasts room to grow for 1st time home buyers and a simple layout with two first floor bedrooms for those looking to downsize.  Full two car garage brings you onto the property.  A multi-use breezeway connects the garage to the home.  Walk inside to a functional kitchen space which awaits a modern redress to taste.  From there towards the front of the home you'll find the living room with space to move and a fireplace to one side.  Down the hall you'll pass the full bath before coming to the two bedrooms.  All hardwood in bedrooms and living room.  Full staircase upstairs to what is currently an unfinished storage area (but bring your ideas!).  New septic system has just been installed and the backyard is freshly seeded with maturing green grass.
Unit Size
988 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$380
Property Type
House
Property Taxes
$420
HOA Dues
-
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 #72412853)

Price History

Date / Event Date Event Price
Nov 27, 2018 Sold
Premium
Sold
Oct 18, 2018 Listed by RE/MAX Advantage Real Estate $375,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,602
  • Total Building Area: 988
  • Gross Building Area: 3,768
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 988
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000289
  • 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:52B B:0030 L:0
  • Block: 30
  • Municipality: IPSWICH
  • Latitude: 42.6681
  • Longitude: -70.8667

    Address

  • Full Address: 15 Cedarview Rd
  • Address - House Number: 15
  • Address - Street Name: Cedarview
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 1638
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $628,200

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 606,289
  • High Value: 705,590
  • Low Value: 506,987

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $552,000
  • Assessed Land Value: $325,600
  • Assessed Improvements Value: $226,400

    Sales

  • Current Sale Recording Date: Nov 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181127000030
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# 72412853

Frequently Asked Questions

When was property at 15 Cedarview Road built and last sold?
The property at 15 Cedarview Road was built in 1960 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 15 Cedarview Road is $381,968.
What are some comparable homes to 15 Cedarview Road?
There are currently no comparable homes to 15 Cedarview Road.
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