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Essex 01938
2 Hodges Way
Photo of 2 Hodges Way
Sold on Oct 20, 2010

1

Map

$279,000
● House - Off Market

2 Hodges Way

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$611,176
RealtyHop Estimate
119.06%
Since Nov 1, 2010
National-US
Primary Model

About This Property

Terrific location and wonderful opportunity to make this well-loved home your own.  Enjoy the delightful marsh views from the picture window in the living room.  Warm yourself by the blazing fire on a snowy night as you watch the ever-changing seasons over the glorious marsh.  This home has many lovely original features that will enhance your own touches, such as: hardwood floors throughout, fireplaced living room,nice yard, potential for a one-car under garage.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$255
Property Type
House
Property Taxes
$267
HOA Dues
-
Year Built
1959

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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: 12 months ago (MLSPIN #71110166)

Price History

Date / Event Date Event Price
Oct 20, 2010 Sold
Premium
Sold
Jul 15, 2010 Listed by RE/MAX Country Crossroads Realty Assoc. $279,000
Listed by RE/MAX Country Crossroads Realty Assoc.

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • 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: 1,050
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,612
  • Total Building Area: 1,092
  • Gross Building Area: 2,142
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • 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: RRA

Geography

  • Parcel: IPSW M:23C B:013A L:0
  • Block: 13A
  • Municipality: IPSWICH
  • Latitude: 42.6977
  • Longitude: -70.8128

    Address

  • Full Address: 2 Hodges Way
  • Address - House Number: 2
  • Address - Street Name: Hodges
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 2402
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $560,400

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 606,292
  • High Value: 705,594
  • Low Value: 506,989

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $492,400
  • Assessed Land Value: $282,800
  • Assessed Improvements Value: $209,600

    Sales

  • Current Sale Recording Date: Sep 04, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 358
  • Previous Sale Recording Date: Oct 20, 2010
  • Previous Sale Amount: $279,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 12 months ago
Data Source: MLS PIN, MLS# 71110166

Frequently Asked Questions

When was property at 2 Hodges Way built and last sold?
The property at 2 Hodges Way was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Hodges Way is $290,622.
What are some comparable homes to 2 Hodges Way?
There are currently no comparable homes to 2 Hodges Way.
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