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Essex 01938
3 Herrick Drive
Photo of 3 Herrick Drive
Sold on Oct 31, 2005

1

Map

$580,000
● House - Off Market

3 Herrick Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,481 Ft²
$1,018,448
RealtyHop Estimate
72.91%
Since Nov 1, 2005
National-US
Primary Model

About This Property

Magnificent professional landscaping sets off this Garrison Colonial.  Gleaming hardwood floors, "Cook's kitchen" with granite & wood counters, new stainless appliances (Viking professional cooktop), eating area with sliders to large deck with mahogany railing, newcentral vac, security and underground sprinkler system, built-ins and a new 3-season porch all come together to make this a wonderful warm, bright and welcoming home. Spacious yard. Great family neighborhood on a cul-de-sac.
Unit Size
2,481 Ft²
Days on Market
-
Land Size
1.51 acres
Price per sqft
$237
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1977

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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: 4 months ago (MLSPIN #70241548)

Price History

Date / Event Date Event Price
Oct 31, 2005 Sold
Premium
Sold
Aug 14, 2005 Listed $589,000
Listed
May 29, 2002 Sold
Premium
Sold
Apr 8, 2002 Listed $474,900
Listed

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,264
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 66,211
  • Total Building Area: 2,603
  • Gross Building Area: 3,628
  • Building Area: 2,603
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,603
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001520
  • 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:37A B:0017 L:0
  • Block: 17
  • Municipality: IPSWICH
  • Latitude: 42.6787
  • Longitude: -70.938

    Address

  • Full Address: 3 Herrick Dr
  • Address - House Number: 3
  • Address - Street Name: Herrick
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C010
  • 4-Digit Zip Code: 1008
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,025,800

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 961,320
  • High Value: 1,127,051
  • Low Value: 795,589

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $901,400
  • Assessed Land Value: $421,600
  • Assessed Improvements Value: $479,800

    Sales

  • Current Sale Recording Date: Oct 31, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 29, 2002
  • Previous Sale Amount: $474,900
  • Previous Sale Document Type: 27
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

2534 ft²

Average Home Age

73 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70241548

Frequently Asked Questions

When was property at 3 Herrick Drive built and last sold?
The property at 3 Herrick Drive was built in 1977 and last sold on Jan 1, 1970 for $580,000.
How much is this home worth?
The estimated value of the home located at 3 Herrick Drive is $611,525.
What are some comparable homes to 3 Herrick Drive?
There are currently no comparable homes to 3 Herrick Drive.
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