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Essex 01938
22 Edge St
$385,000
● House - Off Market

22 Edge St

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,314 Ft²
$416,076
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

First time on market in 52 years! Three bedroom ranch near Ipswich Country Club in need of updating and TLC. Seller has installed new HVAC and pellet stove. Garage converted to living space during ownership. Great for investor / flip. Septic has failed Title V. CASH buyers only.  Room measurements approximate.  Buyers to perform their own due diligence.  Showings will be at the open house only on Sunday, June 6, from 1130-1:30.  Seller may accept an offer at any time.  Please allow up to 24 hours for seller response to offers.  Please do not approach home and disturb occupants.  Contact listing agent with any questions.
Unit Size
1,314 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$274
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
2023

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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: 5 years ago (MLSPIN #72844045)

Price History

Date / Event Date Event Price
Jul 8, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Bancroft Realty Group $360,000
Listed by Bancroft Realty Group

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 984
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,130
  • Total Building Area: 1,314
  • Gross Building Area: 2,298
  • Building Area: 1,314
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,314
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • 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:28A B:0109 L:0
  • Block: 109
  • Municipality: IPSWICH
  • Latitude: 42.6883
  • Longitude: -70.8995

    Address

  • Full Address: 22 Edge St
  • Address - House Number: 22
  • Address - Street Name: Edge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 1110
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1158
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 87
  • Final Value: 587,351
  • High Value: 655,383
  • Low Value: 519,318

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,500
  • Assessed Land Value: $318,000
  • Assessed Improvements Value: $204,500

    Sales

  • Current Sale Contract Date: Jul 06, 2021
  • Current Sale Recording Date: Jul 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210708003330
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72844045

Frequently Asked Questions

When was property at 22 Edge Street built and last sold?
The property at 22 Edge Street was built in 2023 and last sold on Jul 6, 2021 for $385,000.
How much is this home worth?
The estimated value of the home located at 22 Edge Street is $374,647.
What are some comparable homes to 22 Edge Street?
There are currently no comparable homes to 22 Edge Street.
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