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Essex 01983
16 Ipswich Road
$540,000
● House - Off Market

16 Ipswich Road

Topsfield, MA 01983
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,040 Ft²
$3,455
Est. Monthly

About This Property

A BLAST FROM THE PAST, meets cool Mid-Century modern potential! 16 Ipswich Road has been lovingly maintained for many decades by the same owner and now this is your chance, to bring your own flair here! Three bedrooms offer space for your creativity to go wild! Also, boasting one and a half bathrooms for convenience. The garage is a great place to park the car and/or use as storage for your projects. An added bonus is the basement area below. A beautiful back yard is ready to host your parties, holidays or a, low-key day or night in. You don't miss this one! Welcome Home!
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$553
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1964

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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 #73230204)

Price History

Date / Event Date Event Price
Dec 31, 2024 Sold
Premium
Sold
Nov 21, 2024 In contract -
In contract
Sep 24, 2024 Price Decreased $575,000
↓ $20K (3.4%)
Price Decreased
Aug 16, 2024 Price Decreased $595,000
↓ $45K (7%)
Price Decreased
Jun 25, 2024 Price Increased $640,000
↑ $65K (11.3%)
Price Increased
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,040
  • Gross Building Area: 2,816
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: CR

Geography

  • Account Number: 472
  • Parcel: TOPS M:0025 B:0015 L:
  • Block: 15
  • Municipality: TOPSFIELD
  • Latitude: 42.6497
  • Longitude: -70.9486

    Address

  • Full Address: 16 Ipswich Rd
  • Address - House Number: 16
  • Address - Street Name: Ipswich
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1406
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,300

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 614,835
  • High Value: 691,951
  • Low Value: 537,718

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,500
  • Assessed Land Value: $331,600
  • Assessed Improvements Value: $183,900
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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# 73230204

Frequently Asked Questions

When was property at 16 Ipswich Road built and last sold?
The property at 16 Ipswich Road was built in 1964 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 16 Ipswich Road is $572,945.
What are some comparable homes to 16 Ipswich Road?
There are currently no comparable homes to 16 Ipswich Road.
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