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Essex 01983
156 Ipswich Rd
$550,000
● House - Off Market

156 Ipswich Rd

Topsfield, MA 01983
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,850 Ft²
$696,931
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

This 4 bedroom expanded cape is the one you've been looking for! The home is situated on a private 2+ acre lot with a huge level back yard, plenty of parking, and mature plantings that make this a plant lovers oasis. Inside, the home features high ceilings, a large living room with bay window and fireplace, leading into the dining room, and kitchen with upgraded countertops. A 3 season porch leads out to the huge yard! There is also a great family room in the basement with custom built-ins, and a small office on the 2nd floor for working from home.  Tons of upgrades including new roof, 200 Amp electric service, 4 bed septic, kitchen counters, gas conversion, and front steps. Topsfield is part of the Masconomet School System, which is ranked in the top 20 according to Boston Magazine!
Unit Size
1,850 Ft²
Days on Market
-
Land Size
2.14 acres
Price per sqft
$284
Property Type
House
Property Taxes
$679
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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 #72658123)

Price History

Date / Event Date Event Price
Aug 4, 2020 Sold
Premium
Sold
May 29, 2020 Listed by Century 21 North East $525,000
Listed by Century 21 North East
Jun 28, 2013 Sold
Premium
Sold
Jan 24, 2013 Listed by Century 21 North East $399,900
Listed by Century 21 North East

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 360
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 93,218
  • Total Building Area: 1,378
  • Gross Building Area: 3,762
  • Building Area: 1,378
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,378
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002140
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: IRA

Geography

  • Account Number: 789
  • Parcel: TOPS M:0019 B:0086 L:
  • Block: 86
  • Municipality: TOPSFIELD
  • Latitude: 42.652
  • Longitude: -70.9296

    Address

  • Full Address: 156 Ipswich Rd
  • Address - House Number: 156
  • Address - Street Name: Ipswich
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1524
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $922,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $628,100
  • Assessed Land Value: $394,100
  • Assessed Improvements Value: $234,000

    Sales

  • Current Sale Contract Date: Jul 30, 2020
  • Current Sale Recording Date: Aug 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200804003690
  • Previous Sale Recording Date: Jun 28, 2013
  • Previous Sale Amount: $383,000
  • Previous Sale Document Type: O
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72658123

Frequently Asked Questions

When was property at 156 Ipswich Road built and last sold?
The property at 156 Ipswich Road was built in 1953 and last sold on Jul 30, 2020 for $550,000.
How much is this home worth?
The estimated value of the home located at 156 Ipswich Road is $536,933.
What are some comparable homes to 156 Ipswich Road?
There are currently no comparable homes to 156 Ipswich Road.
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