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Topsfield 01983
27 Prospect Street
$745,000
● House - Off Market

27 Prospect Street

Topsfield, MA 01983
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,485 Ft²
$1,187,753
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

Rustic 1860 farmhouse proudly named "Hempstead Acres" is sited on beautiful 9.24 acres. This charming 19th century home features ten rooms, five bedrooms and two and one-half baths and is just moments from the village. The charm is evident throughout, wide pine floors, a wood burning fireplace in the kitchen and formal living room, and formal front hall with central staircase. Additionally there is a mud room, three season porch and one car attached garage. The prize for this property is the 2.5 story post and beam barn with hay loft and horse stalls. Enjoy country living at its best with acres of fields, woodlands, trails, near by state parks and forests. Just 24 miles from Boston.
Unit Size
2,485 Ft²
Days on Market
-
Land Size
9.24 acres
Price per sqft
$302
Property Type
House
Property Taxes
$973
HOA Dues
-
Year Built
1860

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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 months ago (MLSPIN #72101319)

Price History

Date / Event Date Event Price
Apr 1, 2021 Sold
Premium
Sold
Sep 20, 2020 Listed by Coldwell Banker Residential Brokerage - Beverly $1,195,000
Listed by Coldwell Banker Residential Brokerage - Beverly
May 12, 2017 Sold
Premium
Sold
Dec 13, 2016 Listed by Coldwell Banker Residential Brokerage - Beverly $749,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Oct 25, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 402,494
  • Total Building Area: 2,967
  • Gross Building Area: 4,923
  • Building Area: 2,967
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,967
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000009240
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: IRA

Geography

  • Account Number: 1278
  • Parcel: TOPS M:0040 B:0005 L:
  • Block: 5
  • Municipality: TOPSFIELD
  • Latitude: 42.6373
  • Longitude: -70.9555

    Address

  • Full Address: 27 Prospect St
  • Address - House Number: 27
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1715
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,622,800

    Appraisal Valuation

  • Standard Deviation: 0.2124
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 71
  • Final Value: 1,303,070
  • High Value: 1,579,948
  • Low Value: 1,026,192

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,104,700
  • Assessed Land Value: $544,200
  • Assessed Improvements Value: $560,500

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210401001370
  • Previous Sale Recording Date: May 12, 2017
  • Previous Sale Amount: $745,000
  • Previous Sale Document Type: O
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 Topsfield

Stats & Trends

Median Asking:

$849,000

Sale Price/ft²

$387

Above Asking

0.00%

Average Days on Market

54

Average Home Size

4471 ft²

Average Home Age

109.8 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 72101319

Frequently Asked Questions

When was property at 27 Prospect Street built and last sold?
The property at 27 Prospect Street was built in 1860 and last sold on Mar 31, 2021 for $1,095,000.
How much is this home worth?
The estimated value of the home located at 27 Prospect Street is $1,197,011.
What are some comparable homes to 27 Prospect Street?
There are currently no comparable homes to 27 Prospect Street.
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