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Essex 01938
18 Bayview Rd
$1,080,724
● House - Off Market

18 Bayview Rd

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,690 Ft²
$6,205
Est. Monthly
$3
HOA / Fees

About This Property

Location, Location! Breathtaking water views. Private resident beach. Open concept with wood floors, granite countertop in kitchen and track lighting, Fireplace in Living room with walls of glass overlooking the water across the street. Light and airy. Close to Public beach. Updated septic system. Handy to Ipswich Bay Yacht Club. Boating, clamming, fishing, swimming all near by. Commuter rail to Boston. Showings will commence at Open House Saturday, November 11, at 1pm. Offers will be presented on noon on Wednesday.
Unit Size
1,690 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$651
Property Type
House
Property Taxes
$800
HOA Dues
$3
Year Built
1935

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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 #73178991)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Nov 24, 2023 In contract -
In contract
Nov 9, 2023 Listed by J. Barrett & Company $1,100,000
Listed by J. Barrett & Company
Sep 9, 2004 Sold
Premium
Sold
May 3, 2004 Listed by J. Barrett & Company $559,900
Listed by J. Barrett & Company

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,334
  • Total Building Area: 1,690
  • Gross Building Area: 2,850
  • Building Area: 1,690
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,690
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PROPRIETORS GREAT NECK INC
  • Land Acres: 0000000145
  • 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: 223100

Zoning

  • Zoning: RRB

Geography

  • Parcel: IPSW M:24A B:0062 L:0
  • Block: 62
  • Municipality: IPSWICH
  • Latitude: 42.7005
  • Longitude: -70.7937

    Address

  • Full Address: 18 Bayview Rd
  • Address - House Number: 18
  • Address - Street Name: Bayview
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 2826
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $964,300

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 1,140,046
  • High Value: 1,231,145
  • Low Value: 1,048,947

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $847,400
  • Assessed Land Value: $534,500
  • Assessed Improvements Value: $312,900

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231221001370
  • Previous Sale Recording Date: Sep 09, 2004
  • Previous Sale Amount: $574,500
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 73178991

Frequently Asked Questions

When was property at 18 Bayview Road built and last sold?
The property at 18 Bayview Road was built in 1935 and last sold on Dec 21, 2023 for $1,080,724.
How much is this home worth?
The estimated value of the home located at 18 Bayview Road is $1,068,778.
What are some comparable homes to 18 Bayview Road?
There are currently no comparable homes to 18 Bayview Road.
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