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Essex 01938
20 Ocean Drive
$701,000
● House - Off Market

20 Ocean Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,400 Ft²
$699,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

It isn't often that a home comes up for sale in this great little neighborhood! This 3 bedroom, 1.5 bath Colonial built in 1993 is perfectly situated to capture views from the front and the back. Gorgeous views of the abutting Strawberry Hill conservation land and water views out the front door. Kitchen was updated in the last 5 years and new laminate flooring in dining and living room.  Upstairs bedrooms need new carpet or flooring, but stairwell and hallway have new Berber with transferable warranty. Composite decks done in 2017. Large unfinished basement with great potential. Ocean Drive is a sweet little spot that isn't far from Great Neck, Pavilion Beach and the town landing. Come to my childhood neighborhood!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$499
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1993

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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 #73172215)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Oct 25, 2023 In contract -
In contract
Oct 19, 2023 Listed by Windhill Realty, LLC $699,000
Listed by Windhill Realty, LLC
Apr 15, 1997 Sold
Premium
Sold
Nov 23, 1996 Listed by Windhill Realty, LLC $184,900
Listed by Windhill Realty, LLC
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,400
  • Gross Building Area: 2,303
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:22D B:0060 L:0
  • Block: 60
  • Municipality: IPSWICH
  • Latitude: 42.6975
  • Longitude: -70.824

    Address

  • Full Address: 20 Ocean Dr
  • Address - House Number: 20
  • Address - Street Name: Ocean
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1466
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $620,800

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 716,744
  • High Value: 774,018
  • Low Value: 659,470

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $545,500
  • Assessed Land Value: $287,900
  • Assessed Improvements Value: $257,600

    Sales

  • Current Sale Contract Date: Nov 29, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231130000160
  • Previous Sale Recording Date: Apr 15, 1997
  • Previous Sale Amount: $180,000
  • 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

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# 73172215

Frequently Asked Questions

When was property at 20 Ocean Drive built and last sold?
The property at 20 Ocean Drive was built in 1993 and last sold on Nov 29, 2023 for $701,000.
How much is this home worth?
The estimated value of the home located at 20 Ocean Drive is $679,504.
What are some comparable homes to 20 Ocean Drive?
There are currently no comparable homes to 20 Ocean Drive.
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