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Essex 01938
16 Longmeadow Drive
$685,000
● House - Off Market

16 Longmeadow Drive

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
5,065 Ft²
$1,242,219
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Contemporary 5,000+ SQ FT NEW ENGLAND COLONIAL is located in one of the most sought after locations directly abutting the 5TH HOLE at TURNER HILL COUNTRY CLUB! Bring the Inlaws - Teens - Home office needs! First floor set up with separate private enterance for convenience! TWO STORY LIVING ROOM with CATHEDRAL CEILINGS & MARBLE FIREPLACE!  A chef's dream kitchen with CUSTOM CHERRY CABINETS, STAINLESS STEEL APPLIANCES & GRANITE! The kitchen leads to FORMAL DINNING ROOM with custom WAINSCOTING & CHAIRRAIL! PRIVATE first floor MASTER SUITE. FAMILY ROOM features a complete kitchen area for entertaining! An amazing 1ACRE professionally landscaped lot with mature plantings & private patio and view! Enormous amount of living space plus a 3 car garage! Impressive home at an unbelievable value!
Unit Size
5,065 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$138
Property Type
House
Property Taxes
$766
HOA Dues
-
Year Built
1993

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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 #71817721)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Aug 14, 2015 Sold
Premium
Sold
Apr 15, 2015 Listed by Mayflower Realty Group $699,900
Listed by Mayflower Realty Group
Mar 1, 2006 Sold
Premium
Sold
Sep 28, 2005 Listed by Mayflower Realty Group $1,050,000
Listed by Mayflower Realty Group

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 1,780
  • 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: 4,186
  • Gross Building Area: 7,260
  • Building Area: 4,186
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,186
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APPLETON ESTATES
  • Land Acres: 0000001000
  • 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: 223300

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:052 B:0008 L:0
  • Block: 8
  • Municipality: IPSWICH
  • Latitude: 42.6675
  • Longitude: -70.8735

    Address

  • Full Address: 16 Longmeadow Dr
  • Address - House Number: 16
  • Address - Street Name: Longmeadow
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 1172
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,349,600

    Appraisal Valuation

  • Standard Deviation: 0.1584
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,289,275
  • High Value: 1,493,530
  • Low Value: 1,085,021

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,185,900
  • Assessed Land Value: $435,600
  • Assessed Improvements Value: $750,300

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220311004090
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Amount: $685,000
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71817721

Frequently Asked Questions

When was property at 16 Longmeadow Drive built and last sold?
The property at 16 Longmeadow Drive was built in 1993 and last sold on Mar 11, 2022 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 16 Longmeadow Drive is $783,739.
What are some comparable homes to 16 Longmeadow Drive?
There are currently no comparable homes to 16 Longmeadow Drive.
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