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$192,000
● Condo - Off Market

16 Appleton #5B

Ipswich, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
815 Ft²
$347,786
RealtyHop Estimate
78.44%
Since Jul 1, 2005
National-US
Primary Model

About This Property

Best deal in Ipswich!  Walk to town, train and school from this completely remodled 2-bedroom unit in a sought-after condominium.  New Kitchen and bathroom.  New flooring.  Cat friendly complex but no dogs please.
Unit Size
815 Ft²
Days on Market
-
Land Size
2.22 acres
Price per sqft
$239
Property Type
Condo
Property Taxes
$126
HOA Dues
$188
Year Built
-

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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 years ago (MLSPIN #70159441)

Price History

Date / Event Date Event Price
Jun 30, 2005 Sold
Premium
Sold
Mar 18, 2005 Listed by J. Barrett & Company $194,900
Listed by J. Barrett & Company

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: Third
Width: 17
Length: 10
Area: 170
Level: Third
Features: Flooring - Wall to Wall Carpet
Width: 13
Length: 12
Area: 156
Features: Flooring - Hardwood, Dining Area
Level: Third
Features: Bathroom - Full
Level: Third
Length: 15
Level: Third
Area: 240
Features: Flooring - Hardwood
Width: 16
Features: Flooring - Wall to Wall Carpet
Level: Third
Length: 12
Width: 13
Area: 156
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Electric Water Heater
Flooring Type: Wood, Tile, Carpet
Rooms: 4
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Guest
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Timberlane
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: None
Lot Size Area: 2.22
Lot Size Units: Acres
Lot Size Acres: 2.22
Zoning: ir
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $161,400
Tax Annual Amount: $1,509
Utilities Details
Cooling Type: Wall Unit(s)
Heating Type: Central, Electric Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $188
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat
Complex is Completed
Management: Professional - Off Site, Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70159441
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