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Essex 01938
35 Allen Ln
$615,000
● House - Off Market

35 Allen Ln

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,632 Ft²
$567,447
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Meticulously maintained for 50+ years, this split-level home in the desirable Pinefield neighborhood is waiting for your personal touches to make it your own! The kitchen has space to eat-in and opens onto the screened porch. The living room/dining room area has a wood-burning fireplace with an elegant wood mantle and room to entertain friends & family. Three bedrooms and a full bath complete the main level.  Downstairs is a large family room with a cozy wood stove and a half bath with laundry, which has the potential to be made into a second full bath. The peaceful backyard has mature shade trees and a grape arbor--the birds love it! There is hardwood under the carpeting and a new boiler was installed in 2018. See you Thursday at the open house from 4-6pm!
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$349
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1962

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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: 4 months ago (MLSPIN #73117458)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
Jun 7, 2023 In contract -
In contract
May 30, 2023 Listed by Keller Williams Realty Evolution $569,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • 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: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,110
  • Total Building Area: 1,632
  • Gross Building Area: 2,384
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000393
  • 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:28A B:0031 L:0
  • Block: 31
  • Municipality: IPSWICH
  • Latitude: 42.6903
  • Longitude: -70.9045

    Address

  • Full Address: 35 Allen Ln
  • Address - House Number: 35
  • Address - Street Name: Allen
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 1130
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1653
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 642,626
  • High Value: 748,891
  • Low Value: 536,361

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $557,500
  • Assessed Land Value: $320,600
  • Assessed Improvements Value: $236,900

    Sales

  • Current Sale Contract Date: Jul 31, 2023
  • Current Sale Recording Date: Jul 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230731002980
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# 73117458

Frequently Asked Questions

When was property at 35 Allen Lane built and last sold?
The property at 35 Allen Lane was built in 1962 and last sold on Jul 31, 2023 for $615,000.
How much is this home worth?
The estimated value of the home located at 35 Allen Lane is $583,145.
What are some comparable homes to 35 Allen Lane?
There are currently no comparable homes to 35 Allen Lane.
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