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Essex 01938
15 Jeffreys Neck Rd
$810,000
● House - Off Market

15 Jeffreys Neck Rd

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,209 Ft²
$873,352
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

This spacious Colonial located off scenic Jeffreys Neck Road can shine again with some TLC.  The house has a great flow with open concept living room/eat-in kitchen with island. Formal dining room, laundry/mud room, half bath and office with French doors and custom bookshelves complete the first floor. 2nd floor has 4 bedrooms and 2 full baths with additional finished space on 3rd floor for multiple uses. New Roof in Spring of 2022. A bucolic setting with the added benefit of Town Sewer and Natural Gas. Don't miss this opportunity.
Unit Size
3,209 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$257
Property Type
House
Property Taxes
$892
HOA Dues
-
Year Built
1998

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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: 5 months ago (MLSPIN #73030652)

Price History

Date / Event Date Event Price
Jan 19, 2023 Sold
Premium
Sold
Dec 17, 2022 In contract -
In contract
Dec 10, 2022 Relisted $825,000
Relisted
Dec 7, 2022 Delisted -
Delisted
Sep 18, 2022 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 7
  • Basement Area: 541
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 3,343
  • Gross Building Area: 6,204
  • Building Area: 3,343
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,343
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001050
  • 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: RRA

Geography

  • Parcel: IPSW M:31B B:0038 L:0
  • Block: 38
  • Municipality: IPSWICH
  • Latitude: 42.6895
  • Longitude: -70.8246

    Address

  • Full Address: 15 Jeffreys Neck Rd
  • Address - House Number: 15
  • Address - Street Name: Jeffreys Neck
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1307
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,005,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,037,529
  • High Value: 1,201,900
  • Low Value: 873,158

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $883,100
  • Assessed Land Value: $392,800
  • Assessed Improvements Value: $490,300

    Sales

  • Current Sale Contract Date: Jan 19, 2023
  • Current Sale Recording Date: Jan 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 642055
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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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: 5 months ago
Data Source: MLS PIN, MLS# 73030652

Frequently Asked Questions

When was property at 15 Jeffreys Neck Road built and last sold?
The property at 15 Jeffreys Neck Road was built in 1998 and last sold on Jan 19, 2023 for $828,000.
How much is this home worth?
The estimated value of the home located at 15 Jeffreys Neck Road is $854,476.
What are some comparable homes to 15 Jeffreys Neck Road?
There are currently no comparable homes to 15 Jeffreys Neck Road.
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