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Essex 01938
21 Mill Rd
$987,000
● House - Off Market

21 Mill Rd

Ipswich, MA 01938
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,151 Ft²
$962,036
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

In the most private setting on the scenic byway of Mill Road,  this wonderful home is a sanctuary.  First floor main bedroom suite, 2.1 acres, a wonderful sunny family room, several decks, fireplace in the expansive open living room.  Upstairs are 4 more bedrooms and an office. Gorgeous plantings, screened in porch and a two car garage is attached under.  There are additional rooms in the basement that are finished and not part of the square footage.  This private, light-filled oasis is close to wonderful hiking and biking trails. Come home to this retreat and enjoy all it has to offer.
Unit Size
3,151 Ft²
Days on Market
-
Land Size
2.17 acres
Price per sqft
$294
Property Type
House
Property Taxes
$789
HOA Dues
-
Year Built
1997

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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 #73014730)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Jul 20, 2022 Listed by J. Barrett & Company $925,000
Listed by J. Barrett & Company
Jul 10, 1997 Sold
Premium
Sold
Jan 18, 1997 Listed by J. Barrett & Company $379,000
Listed by J. Barrett & Company
Dec 17, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,620
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,525
  • Total Building Area: 3,510
  • Gross Building Area: 5,754
  • Building Area: 3,510
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,510
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002170
  • 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:53C B:013A L:0
  • Block: 13A
  • Municipality: IPSWICH
  • Latitude: 42.6642
  • Longitude: -70.8607

    Address

  • Full Address: 21 Mill Rd
  • Address - House Number: 21
  • Address - Street Name: Mill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 1641
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,059,900

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,009,741
  • High Value: 1,171,103
  • Low Value: 848,379

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $931,400
  • Assessed Land Value: $400,900
  • Assessed Improvements Value: $530,500

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220929003520
  • Previous Sale Recording Date: Jul 10, 1997
  • Previous Sale Amount: $380,000
  • 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 months ago
Data Source: MLS PIN, MLS# 73014730

Frequently Asked Questions

When was property at 21 Mill Road built and last sold?
The property at 21 Mill Road was built in 1997 and last sold on Sep 29, 2022 for $987,000.
How much is this home worth?
The estimated value of the home located at 21 Mill Road is $930,593.
What are some comparable homes to 21 Mill Road?
There are currently no comparable homes to 21 Mill Road.
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