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Ipswich 01938
31 Woods Lane
$461,000
● House - Off Market

31 Woods Lane

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,428 Ft²
$659,534
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

BEST neighborhood in downtown Ipswich nestled along the Ipswich River banks. 2-3 bdrm. Hardwood flooring throughout. Many cottage charm details & built-ins throughout home.  Views of Ipswich river from side yard.  Large fireplaced living room now opens to kitchen.  Formal dining room w/ wainscoting.  kitchen has room for more cabinets, if needed.  Small level yard; partially fenced w/ shed and garden area. Option for large den, or 3rd bdrm.  Updated bath.  Mudroom off the back of home allows easy access to yard & garden areas.  Plenty of storage in attic & basement areas.  Close to train into Boston, beaches, shopping, award winning restaurants, schools, library, Ebsco, NE Biolabs & YMCA.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$315
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1948

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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 #72549589)

Price History

Date / Event Date Event Price
Sep 25, 2019 Sold
Premium
Sold
Aug 13, 2019 Listed by eXp Realty $450,000
Listed by eXp Realty
Dec 19, 2014 Sold
Premium
Sold
Nov 13, 2014 Listed by eXp Realty $389,000
Listed by eXp Realty
Dec 29, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,570
  • Total Building Area: 1,428
  • Gross Building Area: 2,520
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: 223200

Zoning

  • Zoning: IR

Geography

  • Parcel: IPSW M:42A B:0008 L:0
  • Block: 8
  • Municipality: IPSWICH
  • Latitude: 42.679
  • Longitude: -70.831

    Address

  • Full Address: 31 Woods Ln
  • Address - House Number: 31
  • Address - Street Name: Woods
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C002
  • 4-Digit Zip Code: 2338
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $616,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 617,549
  • High Value: 724,104
  • Low Value: 510,995

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,500
  • Assessed Land Value: $316,900
  • Assessed Improvements Value: $224,600

    Sales

  • Current Sale Contract Date: Sep 25, 2019
  • Current Sale Recording Date: Sep 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190925004510
  • Previous Sale Recording Date: Dec 19, 2014
  • Previous Sale Amount: $389,000
  • Previous Sale Document Type: O
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 Ipswich

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$458

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1628 ft²

Average Home Age

76.6 years

Currently For Sale

14 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72549589

Frequently Asked Questions

When was property at 31 Woods Lane built and last sold?
The property at 31 Woods Lane was built in 1948 and last sold on Sep 25, 2019 for $461,000.
How much is this home worth?
The estimated value of the home located at 31 Woods Lane is $461,141.
What are some comparable homes to 31 Woods Lane?
There are currently no comparable homes to 31 Woods Lane.
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