$350,000
●
Condo -
Off Market
3 Soffron #2
Ipswich, MA 01938
3 Beds
1 Bath
857 Ft²
$2,438
Est. Monthly
$369
HOA / Fees
8.73%
Cap Rate
About This Property
Located at 3 Soffron U:2, Ipswich, MA, this condominium offers an
inviting home, ready for its new owner to move in. This residence,
constructed in 1930, presents a unique opportunity to own a piece
of Ipswich history. The living room, bathed in ambient light, is
enhanced with exquisite crown molding, setting an atmosphere of
comfortable refinement where you can unwind. The kitchen also
features crown molding, providing an elegant touch to this
functional space. This condominium features three bedrooms and one
full bathroom, all situated on the second floor of this three-story
building. The property includes a fenced backyard, offering a
private outdoor retreat. This residence offers a blend of classic
charm and modern convenience.
Unit Size
857 Ft²
Days on Market
-
Land Size
-
Price per sqft
$420
Property Type
Condo
Property Taxes
$301
HOA Dues
$369
Year Built
1930
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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: 11 months ago (MLSPIN #73429458)
Price History
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Off Street, Deeded
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator
Flooring Type: Wood, Laminate
Laundry Features: In Unit, Second Floor
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 857
Year Built Source: Public Records
Year Built: 1930
Waterfront Features: Ocean, Unknown To Beach, Beach Ownership(Public)
Building Area Total: 857
Building Area Units: Square Feet
Lot Size Units: Acres
Tax Lot: 002
Water Source: Public
Financial Details
Tax Map Number: 41B
Tax Assessed Value: $324,400
Tax Annual Amount: $3,617
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $369
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/11/2025
|
3 Bed
|
1 Bath
|
857 ft²
|
$379,000
3 Bed
1 Bath
857 ft²
|
$350,000
-7.65%
12/12/2025
|
Julie Spadorcia
Century 21 North East
| |
|
06/13/2019
|
3 Bed
|
1 Bath
|
857 ft²
|
$229,900
3 Bed
1 Bath
857 ft²
|
$222,500
-3.22%
10/07/2019
|
Dennis Marks
Keller Williams Realty
| |
|
06/15/2018
| |
3 Bed
|
1 Bath
|
857 ft²
|
$189,000
3 Bed
1 Bath
857 ft²
|
$194,000
+2.65%
07/31/2018
|
MARIGOLD Team
|
|
06/14/2018
|
3 Bed
|
1 Bath
|
857 ft²
|
$189,000
3 Bed
1 Bath
857 ft²
|
$194,000
+2.65%
08/01/2018
|
Maureen Lydon
Keller Williams Realty Evolution
| |
|
03/14/2016
|
3 Bed
|
1 Bath
|
857 ft²
|
$149,900
3 Bed
1 Bath
857 ft²
|
$148,500
-0.93%
05/20/2016
|
Kathleen Dagle
Windhill Realty, LLC
| |
|
04/14/2015
|
3 Bed
|
1 Bath
|
857 ft²
|
$169,999
3 Bed
1 Bath
857 ft²
|
$150,000
-11.76%
10/07/2015
|
Samantha Moynihan
Century 21 North East
| |
|
05/06/2009
|
3 Bed
|
1 Bath
|
857 ft²
|
$189,000
3 Bed
1 Bath
857 ft²
|
$181,000
-4.23%
10/29/2009
|
Daniel Laterowicz
LDL Realty, LLC
| |
|
09/05/2007
|
3 Bed
|
1 Bath
|
857 ft²
|
$207,000
3 Bed
1 Bath
857 ft²
|
$194,000
-6.28%
01/30/2008
|
Blaze Johnson
RE/MAX 360
| |
|
07/06/2006
|
3 Bed
|
1 Bath
|
857 ft²
|
$199,000
3 Bed
1 Bath
857 ft²
|
$189,900
-4.57%
09/29/2006
|
Kenneth Avery
Coldwell Banker Residential Brokerage - Ipswich
| |
|
01/19/2005
|
3 Bed
|
1 Bath
|
857 ft²
|
$189,900
3 Bed
1 Bath
857 ft²
|
$189,900
04/22/2005
|
John Swain
Coldwell Banker Realty - Beverly
| |
|
09/02/2003
|
3 Bed
|
1 Bath
|
856 ft²
|
$179,900
3 Bed
1 Bath
856 ft²
|
$179,900
10/29/2003
|
Dorothy Levesque
J. Barrett & Company
|
Building Info
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