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Essex 01938
2 Pillow Lace Lane
$266,000
● House - Off Market

2 Pillow Lace Lane

Ipswich, MA 01915
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,400 Ft²
$1,076,284
RealtyHop Estimate
272.42%
Since Jul 1, 1996
National-US
Primary Model

About This Property

WELL MAINTAINED COLONIAL W/CUSTOM FEATURES ON A USABLE CORNER LOT ON CUL-DE-SAC. CENT VAC, 600 S.FT FINISH ADD'L SPACE IN LL. TILE BATHS, FLAGSTN ENTRY, 4 CABLE OUTLTS 6 OUTSIDE FLOODS,2EE GAR OPNRS,3 OUT FAUCETS,SCREENED PORCH.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$120
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1969

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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: 4 years ago (MLSPIN #30103428)

Price History

Date / Event Date Event Price
Aug 21, 2019 Sold
Premium
Sold
Jul 1, 2019 Listed $624,900
Listed
Jun 21, 1996 Sold
Premium
Sold
May 2, 1996 Listed $289,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,196
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,288
  • Gross Building Area: 4,621
  • Building Area: 2,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,288
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • 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:37C B:0013 L:0
  • Block: 13
  • Municipality: IPSWICH
  • Latitude: 42.6736
  • Longitude: -70.9437

    Address

  • Full Address: 2 Pillow Lace Ln
  • Address - House Number: 2
  • Address - Street Name: Pillow Lace
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1018
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $854,400

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 845,515
  • High Value: 990,765
  • Low Value: 700,265

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $750,800
  • Assessed Land Value: $413,800
  • Assessed Improvements Value: $337,000

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Aug 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190821002750
  • Previous Sale Recording Date: Jun 21, 1996
  • Previous Sale Amount: $266,000
  • 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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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 years ago
Data Source: MLS PIN, MLS# 30103428

Frequently Asked Questions

When was property at 2 Pillowlace Lane built and last sold?
The property at 2 Pillowlace Lane was built in 1969 and last sold on Aug 6, 2019 for $635,000.
How much is this home worth?
The estimated value of the home located at 2 Pillowlace Lane is $0.
What are some comparable homes to 2 Pillowlace Lane?
There are currently no comparable homes to 2 Pillowlace Lane.
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