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Essex 01938
40 Fellows Road
$700,000
● House - Off Market

40 Fellows Road

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,972 Ft²
$1,246,063
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Stately Colonial on 3+ acres abutting conservation land set in the heart of horse country. This handsome residence boasts gracious rooms throughout and features custom millwork, an open and airy eat-in kitchen with a wood stove, formal dining room, home office with built-ins and fireplace, and living room with fireplace, brick floor, and access to tiered patios leading to a beautifully landscaped yard. Offering 3 large bedrooms and 2.5 baths including a master suite with fireplace and private deck, this home also features a spacious game room with a soaring ceiling.
Unit Size
2,972 Ft²
Days on Market
-
Land Size
3.17 acres
Price per sqft
$236
Property Type
House
Property Taxes
$862
HOA Dues
-
Year Built
1985

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71748797)

Price History

Date / Event Date Event Price
Jun 4, 2015 Sold
Premium
Sold
Sep 24, 2014 Listed by Lux Realty North Shore $699,900
Listed by Lux Realty North Shore
Aug 16, 1996 Sold
Premium
Sold
May 19, 1996 Listed by Lux Realty North Shore $399,000
Listed by Lux Realty North Shore

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,530
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 138,085
  • Total Building Area: 3,298
  • Gross Building Area: 6,477
  • Building Area: 3,298
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,298
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003170
  • 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: 223100

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:063 B:0012 L:0
  • Block: 12
  • Municipality: IPSWICH
  • Latitude: 42.6525
  • Longitude: -70.8298

    Address

  • Full Address: 40 Fellows Rd
  • Address - House Number: 40
  • Address - Street Name: Fellows
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 2712
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,311,200

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,215,535
  • High Value: 1,406,772
  • Low Value: 1,024,298

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,152,200
  • Assessed Land Value: $446,400
  • Assessed Improvements Value: $705,800

    Sales

  • Current Sale Recording Date: Jun 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 255
  • Previous Sale Recording Date: Aug 16, 1996
  • Previous Sale Amount: $385,000
  • 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

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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# 71748797

Frequently Asked Questions

When was property at 40 Fellows Road built and last sold?
The property at 40 Fellows Road was built in 1985 and last sold on Jan 1, 1970 for $700,000.
How much is this home worth?
The estimated value of the home located at 40 Fellows Road is $721,412.
What are some comparable homes to 40 Fellows Road?
There are currently no comparable homes to 40 Fellows Road.
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