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Essex 01938
2 Pine St
$400,000
● House - Off Market

2 Pine St

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$597,530
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Charming Cape on a dead end street, open living room with fireplace and beautiful hardwood floors throughout.  Freshly painted interior and exterior, new windows, new hot water tank, 200 amp electrical service, updated bathroom, screened porch, large maintenance free deck and shed in the back yard.  Beautiful backyard for spending relaxing time on enclosed screen porch or on large sunny deck surrounded by nature. Crane Beach and public transportation are two more great benefits to living in Ipswich!
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$366
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1940

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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 #72361405)

Price History

Date / Event Date Event Price
Aug 27, 2018 Sold
Premium
Sold
Jul 12, 2018 Listed by Stuart St James, Inc. $395,000
Listed by Stuart St James, Inc.
Apr 29, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 1
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,125
  • Total Building Area: 1,080
  • Gross Building Area: 2,613
  • Building Area: 1,080
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,080
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000301
  • 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:30C B:0020 L:0
  • Block: 20
  • Municipality: IPSWICH
  • Latitude: 42.6854
  • Longitude: -70.8591

    Address

  • Full Address: 2 Pine St
  • Address - House Number: 2
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C007
  • 4-Digit Zip Code: 2908
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $560,700

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 584,281
  • High Value: 687,999
  • Low Value: 480,563

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $492,700
  • Assessed Land Value: $309,900
  • Assessed Improvements Value: $182,800

    Sales

  • Current Sale Recording Date: Aug 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180827001110
  • Previous Sale Recording Date: Apr 29, 1998
  • Previous Sale Amount: $160,000
  • 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

2533 ft²

Average Home Age

72.6 years

Currently For Sale

1471 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 months ago
Data Source: MLS PIN, MLS# 72361405

Frequently Asked Questions

When was property at 2 Pine Street built and last sold?
The property at 2 Pine Street was built in 1940 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 2 Pine Street is $401,552.
What are some comparable homes to 2 Pine Street?
There are currently no comparable homes to 2 Pine Street.
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