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Topsfield 01983
28 Prospect Street
$525,000
● House - Off Market

28 Prospect Street

Topsfield, MA 01983
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,192 Ft²
$849,183
RealtyHop Estimate
61.75%
Since Mar 1, 2017
MA-Boston
Primary Model

About This Property

Walk to the Village from this location! Private setting for this Cape on 1.1 acres.  Large living room with fireplace opens into a year round sun room overlooking gardens and woods. Dining room with built in china cabinet. First floor office and half bath. Eat in kitchen with fireplace. Second floor has 3 bedrooms and a sewing room plus 2 bathrooms. There is a two car garage plus a smaller bay for equipment. Between the garage and the kitchen is a space for a mudroom or could be used to expand the kitchen.This home has much potential and a ready for your ideas. Septic design for a 4 bedroom system approved. Plans are out for estimates.
Unit Size
2,192 Ft²
Days on Market
-
Land Size
1.18 acres
Price per sqft
$240
Property Type
House
Property Taxes
$767
HOA Dues
-
Year Built
1950

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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 #72106537)

Price History

Date / Event Date Event Price
Feb 28, 2017 Sold
Premium
Sold
Jan 8, 2017 Listed by The Martin Group, Inc. $525,000
Listed by The Martin Group, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,456
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,401
  • Total Building Area: 2,192
  • Gross Building Area: 5,188
  • Building Area: 2,192
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,192
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001180
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: CR

Geography

  • Account Number: 1204
  • Parcel: TOPS M:0040 B:0093 L:
  • Block: 93
  • Municipality: TOPSFIELD
  • Latitude: 42.6364
  • Longitude: -70.955

    Address

  • Full Address: 28 Prospect St
  • Address - House Number: 28
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Topsfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1716
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,156,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 864,458
  • High Value: 1,001,003
  • Low Value: 727,914

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $787,200
  • Assessed Land Value: $399,900
  • Assessed Improvements Value: $387,300

    Sales

  • Current Sale Recording Date: Feb 28, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 340
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

3560 ft²

Average Home Age

87.1 years

Currently For Sale

7 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# 72106537

Frequently Asked Questions

When was property at 28 Prospect Street built and last sold?
The property at 28 Prospect Street was built in 1950 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 28 Prospect Street is $543,654.
What are some comparable homes to 28 Prospect Street?
There are currently no comparable homes to 28 Prospect Street.
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