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Essex 01938
16 Plains Rd
$625,000
● House - Off Market

16 Plains Rd

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$619,314
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Amazing four bedroom home on a full acre of land.   First floor has great layout.  There is a breezeway from the  two car garage to the  kitchen that has a breakfast bar and lots of cabinet space, big living room with wood burning  stove opens to a formal dining room, with a wall of over sized windows that have  views of the massive back yard and conservation land beyond, there is also and convenient  half bath and office with two windows.   The second  floors has four good size, sunny bedrooms with ample closets  and full bath.   Basement is dry, has a working coal stove and  slider out to the back yard. Home is sold "as is" First Showing Open House Sunday 6/10 2:30-4:00
Unit Size
1,664 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$360
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1966

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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: 4 months ago (MLSPIN #73006889)

Price History

Date / Event Date Event Price
Aug 25, 2022 Sold
Premium
Sold
Jul 5, 2022 Listed by Compass $599,000
Listed by Compass
Sep 28, 1988 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,041
  • Total Building Area: 1,664
  • Gross Building Area: 3,396
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001034
  • 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:37B B:0080 L:0
  • Block: 80
  • Municipality: IPSWICH
  • Latitude: 42.678
  • Longitude: -70.9274

    Address

  • Full Address: 16 Plains Rd
  • Address - House Number: 16
  • Address - Street Name: Plains
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1020
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,400

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 682,055
  • High Value: 797,529
  • Low Value: 566,582

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $598,800
  • Assessed Land Value: $349,000
  • Assessed Improvements Value: $249,800

    Sales

  • Current Sale Contract Date: Aug 25, 2022
  • Current Sale Recording Date: Aug 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 111
  • Previous Sale Recording Date: Sep 28, 1988
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 27
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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: 4 months ago
Data Source: MLS PIN, MLS# 73006889

Frequently Asked Questions

When was property at 16 Plains Road built and last sold?
The property at 16 Plains Road was built in 1966 and last sold on Aug 25, 2022 for $625,000.
How much is this home worth?
The estimated value of the home located at 16 Plains Road is $608,437.
What are some comparable homes to 16 Plains Road?
There are currently no comparable homes to 16 Plains Road.
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