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Essex 01938
2 Belle Street
$475,000
● House - Off Market

2 Belle Street

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,328 Ft²
$951,448
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

PERCHED PERFECTLY ON GENTLE KNOLL for Maximum PRIVACY. HW Floors grace living/dining room opening to large screen porch. Cozy sunroom, Large family room and eat in kitchen complete the 1st Floor . Second floor has three spacious bedrooms with two full baths and a loft area for a desk. Two car garage, storage shed, privacy, dead end street......Well maintained!  Cul-de-sac neighborhood close to MBTA, and all services. one minute to state forest and extensive trail system. Great Value!
Unit Size
2,328 Ft²
Days on Market
-
Land Size
1.47 acres
Price per sqft
$210
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1987

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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 #71548385)

Price History

Date / Event Date Event Price
Aug 14, 2013 Sold
Premium
Sold
Jun 27, 2013 Listed by J. Barrett & Company $489,000
Listed by J. Barrett & Company
Jul 25, 1989 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,330
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 64,033
  • Total Building Area: 2,328
  • Gross Building Area: 4,230
  • Building Area: 2,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,328
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001470
  • 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:27D B:0025 L:0
  • Block: 25
  • Municipality: IPSWICH
  • Latitude: 42.6871
  • Longitude: -70.9078

    Address

  • Full Address: 2 Belle St
  • Address - House Number: 2
  • Address - Street Name: Belle
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 1168
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $868,100

    Appraisal Valuation

  • Standard Deviation: 0.1565
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 846,577
  • High Value: 979,122
  • Low Value: 714,032

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $762,800
  • Assessed Land Value: $355,600
  • Assessed Improvements Value: $407,200

    Sales

  • Current Sale Recording Date: Aug 14, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 347
  • Previous Sale Recording Date: Jul 25, 1989
  • Previous Sale Amount: $285,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71548385

Frequently Asked Questions

When was property at 2 Belle Street built and last sold?
The property at 2 Belle Street was built in 1987 and last sold on Jan 1, 1970 for $475,000.
How much is this home worth?
The estimated value of the home located at 2 Belle Street is $515,688.
What are some comparable homes to 2 Belle Street?
There are currently no comparable homes to 2 Belle Street.
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