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Ipswich 01938
2 Highland Ave
$425,000
● House - Off Market

2 Highland Ave

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$509,276
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

This beautifully maintained ranch is a perfect condo alternative, or for someone downsizing. The home features are 5 rooms 2 bedrooms and a full bath. There have been many updates over the years including energy efficient doors and windows, chimney cap and liner, hot water heater, kitchen counters just to mention a few. Located in the in-town zone and on a dead end side street, you are a short distance to the downtown the library and public transportation as well. Come and enjoy all of Ipswich's amenities including Crane and Pavilion beaches the public boat launch, its wonderful Conservatorship Forest and historic homes.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$405
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1955

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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: 5 years ago (MLSPIN #72867272)

Price History

Date / Event Date Event Price
Sep 1, 2021 Sold
Premium
Sold
Jul 17, 2021 Listed by Coldwell Banker Realty - Topsfield $445,000
Listed by Coldwell Banker Realty - Topsfield
Feb 8, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 846
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,884
  • Total Building Area: 1,100
  • Gross Building Area: 2,026
  • Building Area: 1,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,100
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000066
  • 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: 1R

Geography

  • Parcel: IPSW M:31C B:0107 L:0
  • Block: 107
  • Municipality: IPSWICH
  • Latitude: 42.6834
  • Longitude: -70.8331

    Address

  • Full Address: 2 Highland Ave
  • Address - House Number: 2
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C001
  • 4-Digit Zip Code: 1324
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $475,800

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 479,958
  • High Value: 562,140
  • Low Value: 397,776

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $418,100
  • Assessed Land Value: $260,100
  • Assessed Improvements Value: $158,000

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210901001120
  • Previous Sale Recording Date: Feb 08, 2002
  • Previous Sale Amount: $130,000
  • 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 Ipswich

Stats & Trends

Median Asking:

$684,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1685 ft²

Average Home Age

80.1 years

Currently For Sale

18 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: 5 years ago
Data Source: MLS PIN, MLS# 72867272

Frequently Asked Questions

When was property at 2 Highland Avenue built and last sold?
The property at 2 Highland Avenue was built in 1955 and last sold on Aug 31, 2021 for $425,000.
How much is this home worth?
The estimated value of the home located at 2 Highland Avenue is $448,618.
What are some comparable homes to 2 Highland Avenue?
There are currently no comparable homes to 2 Highland Avenue.
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