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Essex 01938
3 Hodgkins Drive
$425,000
● House - Off Market

3 Hodgkins Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,179 Ft²
$600,649
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

One of the best neighborhoods in Ipswich! 3 Bedroom Split-Level on a spacious lot in need of some Love. Town sewer and short distance to commuter rail.  Good bones with hard wood flooring on second level and a fireplace on both levels. Oversized shed is 2011. Waiting for your renovation & decorating skills. Turn this ugly duckling into a swan and it will be well worth the effort.
Unit Size
2,179 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$195
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1970

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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 #72636196)

Price History

Date / Event Date Event Price
May 15, 2020 Sold
Premium
Sold
Mar 20, 2020 Listed by Windhill Realty, LLC $425,000
Listed by Windhill Realty, LLC
Jun 1, 1977 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 1,164
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,501
  • Total Building Area: 2,179
  • Gross Building Area: 2,707
  • Building Area: 2,179
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,179
  • 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:41D B:0178 L:0
  • Block: 178
  • Municipality: IPSWICH
  • Latitude: 42.6755
  • Longitude: -70.8485

    Address

  • Full Address: 3 Hodgkins Dr
  • Address - House Number: 3
  • Address - Street Name: Hodgkins
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C009
  • 4-Digit Zip Code: 1630
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $606,000

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 661,398
  • High Value: 782,611
  • Low Value: 540,184

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,500
  • Assessed Land Value: $331,000
  • Assessed Improvements Value: $201,500

    Sales

  • Current Sale Contract Date: May 14, 2020
  • Current Sale Recording Date: May 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jun 01, 1977
  • Previous Sale Amount: $49,000
  • 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:

$699,900

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# 72636196

Frequently Asked Questions

When was property at 3 Hodgkins Drive built and last sold?
The property at 3 Hodgkins Drive was built in 1970 and last sold on May 14, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 3 Hodgkins Drive is $452,909.
What are some comparable homes to 3 Hodgkins Drive?
There are currently no comparable homes to 3 Hodgkins Drive.
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