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Essex 01938
38 Allen Lane
$300,000
● House - Off Market

38 Allen Lane

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
960 Ft²
$506,303
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Welcome to Ipswich, the heart of Boston's North Shore! This modest ranch offers a dated but a potentially financeable option for home ownership in a convenient and desirable town w unparalleled amenities in the area. Aside of single level living and a palette ready for your imagine, this home offers something for almost anyone. Don't forget it has both a garage and a full basement! Come check it out and see if it speaks home to you. Potential purchasers are not allowed on premises without licensed real estate agent present. Thank you!
Unit Size
960 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$312
Property Type
House
Property Taxes
$378
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: 5 months ago (MLSPIN #72037587)

Price History

Date / Event Date Event Price
Sep 2, 2016 Sold
Premium
Sold
Jun 12, 2016 Listed by NextHome Now $299,900
Listed by NextHome Now
May 23, 1995 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,872
  • Total Building Area: 960
  • Gross Building Area: 2,272
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000456
  • 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:27B B:0033 L:0
  • Block: 33
  • Municipality: IPSWICH
  • Latitude: 42.6903
  • Longitude: -70.9054

    Address

  • Full Address: 38 Allen Ln
  • Address - House Number: 38
  • Address - Street Name: Allen
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 1131
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $575,500

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 576,805
  • High Value: 679,984
  • Low Value: 473,627

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $505,700
  • Assessed Land Value: $328,100
  • Assessed Improvements Value: $177,600

    Sales

  • Current Sale Recording Date: Sep 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129
  • Previous Sale Recording Date: May 23, 1995
  • Previous Sale Amount: $138,500
  • 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

2506 ft²

Average Home Age

73.2 years

Currently For Sale

1507 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: 5 months ago
Data Source: MLS PIN, MLS# 72037587

Frequently Asked Questions

When was property at 38 Allen Lane built and last sold?
The property at 38 Allen Lane was built in 1962 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 38 Allen Lane is $307,692.
What are some comparable homes to 38 Allen Lane?
There are currently no comparable homes to 38 Allen Lane.
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