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Essex 01983
260 Ipswich Rd.
$369,000
● House - Off Market

260 Ipswich Rd.

Topsfield, MA 01983
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,073 Ft²
$659,081
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Welcome to Topsfield!!  This Home was built in 1950 and is still in the Same Ownership!   Set back on 2.99 Acres of Land Some of the features include a Solarium Style Front Entry that opens to the Living Room.  Beautiful Fireplace.  A 6 year old Buderus Oil Heating System and a Screened Rear Porch. Full Basement with Garage Access just waiting to be Finished.  One Full and One Half Bath along with a Separate Shower.  Updated Electric and new Septic System Installed in 1999.  Title V. Certified.
Unit Size
2,073 Ft²
Days on Market
-
Land Size
2.99 acres
Price per sqft
$183
Property Type
House
Property Taxes
$525
HOA Dues
-
Year Built
1950

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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: 5 months ago (MLSPIN #71840576)

Price History

Date / Event Date Event Price
Sep 28, 2015 Sold
Premium
Sold
May 20, 2015 Listed by Keller Williams Realty $379,000
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 1,341
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 131,285
  • Total Building Area: 2,655
  • Gross Building Area: 4,733
  • Building Area: 2,655
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,655
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003014
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: ORA

Geography

  • Account Number: 967
  • Parcel: TOPS M:0021 B:0009 L:
  • Block: 9
  • Municipality: TOPSFIELD
  • Latitude: 42.6564
  • Longitude: -70.9114

    Address

  • Full Address: 260 Ipswich Rd
  • Address - House Number: 260
  • Address - Street Name: Ipswich
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Topsfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1212
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,027,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 743,284
  • High Value: 860,665
  • Low Value: 625,904

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $699,100
  • Assessed Land Value: $387,600
  • Assessed Improvements Value: $311,500

    Sales

  • Current Sale Recording Date: Sep 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 262
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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2532 ft²

Average Home Age

72 years

Currently For Sale

1468 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 months ago
Data Source: MLS PIN, MLS# 71840576

Frequently Asked Questions

When was property at 260 Ipswich Road built and last sold?
The property at 260 Ipswich Road was built in 1950 and last sold on Jan 1, 1970 for $369,000.
How much is this home worth?
The estimated value of the home located at 260 Ipswich Road is $405,359.
What are some comparable homes to 260 Ipswich Road?
There are currently no comparable homes to 260 Ipswich Road.
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