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Ipswich 01938
4 Riverside Drive
$1,250,000
● House - Off Market

4 Riverside Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,581 Ft²
$7,769
Est. Monthly

About This Property

This spacious Colonial sits on the edge of the Ipswich River with it's own dock! One owner property which has been lovingly maintained. Hardwood flooring up and down, with front to back living room and a fabulous family room, both with fire places. Amazing views, that could be expanded for sure. Opportunities like this don't come up often. Buyers will need to replace the septic system and assume all costs. Not suitable for conventional financing.
Unit Size
2,581 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$540
Property Type
House
Property Taxes
$919
HOA Dues
-
Year Built
1980

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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 #73328685)

Price History

Date / Event Date Event Price
Mar 12, 2025 Sold
Premium
Sold
Feb 10, 2025 In contract -
In contract
Jan 23, 2025 Listed by Windhill Realty, LLC $1,395,000
Listed by Windhill Realty, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,334
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,999
  • Total Building Area: 2,581
  • Gross Building Area: 4,124
  • Building Area: 2,581
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,581
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000574
  • 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: RRA

Geography

  • Parcel: IPSW M:42B B:0037 L:0
  • Block: 37
  • Municipality: IPSWICH
  • Latitude: 42.6812
  • Longitude: -70.8222

    Address

  • Full Address: 4 Riverside Dr
  • Address - House Number: 4
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C001
  • 4-Digit Zip Code: 2428
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,068,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 86
  • Final Value: 1,003,200
  • High Value: 1,129,028
  • Low Value: 877,372

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $938,900
  • Assessed Land Value: $500,500
  • Assessed Improvements Value: $438,400
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:

$699,500

Sale Price/ft²

$442

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1668 ft²

Average Home Age

101.5 years

Currently For Sale

17 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: 4 months ago
Data Source: MLS PIN, MLS# 73328685

Frequently Asked Questions

When was property at 4 Riverside Drive built and last sold?
The property at 4 Riverside Drive was built in 1980 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Riverside Drive is $1,394,398.
What are some comparable homes to 4 Riverside Drive?
There are currently no comparable homes to 4 Riverside Drive.
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