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Essex 01938
2 Leslie Road
$455,000
● House - Off Market

2 Leslie Road

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,510 Ft²
$522,059
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Now PRICED to MOVE! This one-owner 3 bedroom, 1 bath ranch style home with 2 car garage is set on close to 10 acres of lush land. The house is in need of REHAB, but will be well worth the effort in the end as it has tons of potential! Unique 15x13 Greenhouse is off of the living space and accessible year-round. Roof and Vinyl Siding in good shape. Brand NEW Furnace and Hot Water Tank. BUYERS to assume all costs of septic replacement. NO plans in place. This is a great opportunity to revive this house and create a beautiful home once again.
Unit Size
1,510 Ft²
Days on Market
-
Land Size
9.84 acres
Price per sqft
$348
Property Type
House
Property Taxes
$554
HOA Dues
-
Year Built
1971

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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 #73131060)

Price History

Date / Event Date Event Price
Aug 14, 2023 Sold
Premium
Sold
Jul 18, 2023 In contract -
In contract
Jun 30, 2023 Listed by Windhill Realty, LLC $525,000
Listed by Windhill Realty, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 4
  • 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: 912
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 428,630
  • Total Building Area: 1,710
  • Gross Building Area: 3,512
  • Building Area: 1,710
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,710
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000009840
  • 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:27C B:008E L:0
  • Block: 8E
  • Municipality: IPSWICH
  • Latitude: 42.6853
  • Longitude: -70.9274

    Address

  • Full Address: 2 Leslie Rd
  • Address - House Number: 2
  • Address - Street Name: Leslie
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1013
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $530,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1676
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 517,550
  • High Value: 604,339
  • Low Value: 430,760

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $465,900
  • Assessed Land Value: $328,100
  • Assessed Improvements Value: $137,800

    Sales

  • Current Sale Contract Date: Aug 08, 2023
  • Current Sale Recording Date: Aug 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230814000330
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73131060

Frequently Asked Questions

When was property at 2 Leslie Road built and last sold?
The property at 2 Leslie Road was built in 1971 and last sold on Aug 8, 2023 for $455,000.
How much is this home worth?
The estimated value of the home located at 2 Leslie Road is $529,174.
What are some comparable homes to 2 Leslie Road?
There are currently no comparable homes to 2 Leslie Road.
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