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Essex 01938
28 Hodgkins Drive
$620,000
● House - Off Market

28 Hodgkins Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,264 Ft²
$650,024
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Meticulously maintained Split Level home in desirable Ipswich neighborhood. Same owners for 40+ years! Upper level has 3 bedrooms and 1.5 baths and gorgeous sun room with cathedral ceiling and skylights. Lower level has additional guest bedroom, a 3/4 bath & laundry area and spacious family room with fireplace. Great time to make Ipswich your home before school starts this year.
Unit Size
2,264 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$276
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1974

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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: 6 months ago (MLSPIN #73012790)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Jul 15, 2022 Listed by Windhill Realty, LLC $625,000
Listed by Windhill Realty, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • 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: 1,152
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,501
  • Total Building Area: 2,322
  • Gross Building Area: 2,750
  • Building Area: 2,322
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,322
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000333
  • 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:41A B:0028 L:0
  • Block: 28
  • Municipality: IPSWICH
  • Latitude: 42.6782
  • Longitude: -70.8518

    Address

  • Full Address: 28 Hodgkins Dr
  • Address - House Number: 28
  • Address - Street Name: Hodgkins
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C009
  • 4-Digit Zip Code: 1631
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $657,700

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 729,284
  • High Value: 862,989
  • Low Value: 595,579

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $577,900
  • Assessed Land Value: $331,000
  • Assessed Improvements Value: $246,900

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220929002580
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

2469 ft²

Average Home Age

72.3 years

Currently For Sale

1388 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: 6 months ago
Data Source: MLS PIN, MLS# 73012790

Frequently Asked Questions

When was property at 28 Hodgkins Drive built and last sold?
The property at 28 Hodgkins Drive was built in 1974 and last sold on Sep 29, 2022 for $620,000.
How much is this home worth?
The estimated value of the home located at 28 Hodgkins Drive is $646,109.
What are some comparable homes to 28 Hodgkins Drive?
There are currently no comparable homes to 28 Hodgkins Drive.
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