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Essex 01938
23 Jeffreys Neck Rd
Photo of 23 Jeffreys Neck Rd

12

Map

Photo of 23 Jeffreys Neck Rd
Photo of 23 Jeffreys Neck Rd
$499,000
● Land - In Contract

23 Jeffreys Neck Rd

Ipswich, MA 01938
bedrooms
Studio
bathrooms
0 Bath
$2,820
Est. Monthly
5.30%
Cap Rate

About This Property

Discover the charm of 23 Jeffrey's Neck Road, Ipswich, MA-a sprawling cleared lot spanning over 2 acres. This beautiful parcel is primed with public sewer access and a thoughtfully designed building envelope, offering a seamless transition for your dream home construction. Enjoy peek-through views of serene marshlands that promise tranquil moments throughout the seasons.  Embrace the natural beauty and privacy this lot affords, while still being part of a vibrant community. Close proximity to beach, schools, MBTA, restaurants and shops and all that Ipswich has to offer.  Secure your slice of Ipswich's picturesque landscape today!
Unit Size
-
Days on Market
-
Land Size
2.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
$369
HOA Dues
-
Year Built
-

Listed By

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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: 9 days ago (MLSPIN #73431178)

Price History

Date / Event Date Event Price
Sep 24, 2026 In contract -
In contract
Sep 17, 2026 No longer available -
No longer available
Jan 12, 2026 Price Decreased $499,000
↓ $100K (16.7%)
Price Decreased
Sep 16, 2025 Listed by Compass $599,000
Listed by Compass

Property Highlights

Exterior Details
Waterfront Features: Bay Access, River Front, Ocean, Beach Ownership(Public)
Building Area Units: Square Feet
Lot Features: Level, Wetlands, Cleared, Easements, Marsh
Lot Size Area: 2.48
Lot Size Units: Acres
Lot Size Acres: 2.48
Lot Size Square Feet: 107942
Water Source: Public
Financial Details
Tax Assessed Value: $397,500
Tax Annual Amount: $4,432
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 107,942
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000002478
  • Standard Land Use Code: 8001
  • County Land Use Code: 131

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: IPSWICH SD
  • Census Tract: 223100

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:31B B:006C L:0
  • Block: 6C
  • Municipality: IPSWICH
  • Latitude: 42.6901
  • Longitude: -70.8247

    Address

  • Full Address: 23 Jeffreys Neck Rd
  • Address - House Number: 23
  • Address - Street Name: Jeffreys Neck
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1309
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $452,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $397,500
  • Assessed Land Value: $397,500
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

2546 ft²

Average Home Age

73.2 years

Currently For Sale

1483 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: 9 days ago
Data Source: MLS PIN, MLS# 73431178

Frequently Asked Questions

When was property at 23 Jeffreys Neck Road built and last sold?
The property at 23 Jeffreys Neck Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 23 Jeffreys Neck Road is $503,990.
What are some comparable homes to 23 Jeffreys Neck Road?
There are currently no comparable homes to 23 Jeffreys Neck Road.
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