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Essex 01929
15 Ice House Lane
$365,000
● House - Off Market

15 Ice House Lane

Essex, MA 01915
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,408 Ft²
$977,884
RealtyHop Estimate
147.57%
Since Sep 1, 2002
National-US
Primary Model

About This Property

PEACE AND PRIVACY ABUNDANT IN THIS RURAL COUNTRY SETTING. WELL MAINTAINED MAIN HOUSE, ATTACHED OVERSIZED 3-CAR HEATED GARAGE AND 3RD OUTBUILDING/WORKSHOP. SHORT WALK TO LAKE.COMMERCIAL USE POTENTIAL. GREAT MIXED USE PROPERTY.
Unit Size
1,408 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$281
Property Type
House
Property Taxes
$181
HOA Dues
-
Year Built
1934

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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: 6 months ago (MLSPIN #30533028)

Price History

Date / Event Date Event Price
Nov 23, 2020 Sold
Premium
Sold
Aug 11, 2020 Listed by Carlson GMAC Real Estate $699,000
Listed by Carlson GMAC Real Estate
Jan 16, 2020 Sold
Premium
Sold
Jun 2, 2008 Sold
Premium
Sold
Apr 3, 2008 Listed by Ryder Realty, Inc. $239,900
Listed by Ryder Realty, Inc.
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 0
  • Basement Area: 0
  • 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: 3,972
  • Gross Building Area: 5,162
  • Building Area: 3,972
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 3,972
  • 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: Lawrence School District
  • Census Tract: 222100

Geography

  • Account Number: 431
  • Parcel: ESSE M:146 L:23
  • Lot: 23
  • Municipality: ESSEX
  • Latitude: 42.6202
  • Longitude: -70.8093

    Address

  • Full Address: 15 Icehouse Ln
  • Address - House Number: 15
  • Address - Street Name: Icehouse
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Essex
  • Carrier Code: R001
  • 4-Digit Zip Code: 1131
  • Zip Code: 01929

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,075,700

    Appraisal Valuation

  • Standard Deviation: 0.1532
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 81
  • Final Value: 878,627
  • High Value: 1,013,281
  • Low Value: 743,973

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $775,000
  • Assessed Land Value: $323,400
  • Assessed Improvements Value: $451,600

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201123007010
  • Previous Sale Recording Date: Jan 16, 2020
  • Previous Sale Contract Date: Dec 16, 2019
  • Previous Sale Amount: $391,000
  • Previous Sale Document Type: 34
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2495 ft²

Average Home Age

73.5 years

Currently For Sale

1433 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: 6 months ago
Data Source: MLS PIN, MLS# 30533028

Frequently Asked Questions

When was property at 15 Ice House Lane built and last sold?
The property at 15 Ice House Lane was built in 1934 and last sold on Nov 12, 2020 for $710,000.
How much is this home worth?
The estimated value of the home located at 15 Ice House Lane is $708,476.
What are some comparable homes to 15 Ice House Lane?
There are currently no comparable homes to 15 Ice House Lane.
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