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Essex 01938
23 Hillside Rd
$525,000
● House - Off Market

23 Hillside Rd

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,802 Ft²
$1,322,261
RealtyHop Estimate
145.32%
Since Nov 1, 2002
National-US
Primary Model

About This Property

RECENTLY REMODELED CUSTOM-BUILT HOME. SPACIOUS AND OPEN. PANORAMIC OCEN VIEWS OF IPSWICH BAY, PLUM ISLAND SOUND AND MILES OF BEACHES. FINISHED WALK-OUT LOWER  LEVEL SUITE.. MOVE IN CONDITION. DESIGNER DECOR. NOT A DRIVE BY.
Unit Size
1,802 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$299
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1955

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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 #30630055)

Price History

Date / Event Date Event Price
Oct 21, 2002 Sold
Premium
Sold
Jul 26, 2002 Listed by Coldwell Banker Residential Brokerage - Ipswich $539,000
Listed by Coldwell Banker Residential Brokerage - Ipswich
Apr 3, 1997 Sold
Premium
Sold
Oct 22, 1996 Listed by Coldwell Banker Residential Brokerage - Ipswich $219,900
Listed by Coldwell Banker Residential Brokerage - Ipswich

Property Highlights

Parking Available
Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,092
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,799
  • Total Building Area: 1,802
  • Gross Building Area: 2,784
  • Building Area: 1,802
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,802
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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: RRB

Geography

  • Parcel: IPSW M:24A B:038A L:0
  • Block: 38A
  • Municipality: IPSWICH
  • Latitude: 42.7005
  • Longitude: -70.7962

    Address

  • Full Address: 23 Hillside Rd
  • Address - House Number: 23
  • Address - Street Name: Hillside
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 2820
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $911,800

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 985,040
  • High Value: 1,140,014
  • Low Value: 830,066

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $801,200
  • Assessed Land Value: $546,700
  • Assessed Improvements Value: $254,500

    Sales

  • Current Sale Recording Date: Oct 21, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 03, 1997
  • Previous Sale Amount: $205,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30630055

Frequently Asked Questions

When was property at 23 Hillside Road built and last sold?
The property at 23 Hillside Road was built in 1955 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 23 Hillside Road is $550,472.
What are some comparable homes to 23 Hillside Road?
There are currently no comparable homes to 23 Hillside Road.
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