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Ipswich 01938
40 High Street
$350,000
● House - Off Market

40 High Street

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,500 Ft²
$1,037,874
RealtyHop Estimate
188.38%
Since Oct 1, 2000
National-US
Primary Model

About This Property

MAGNIFICENT RENOVATION OF 1732 COLONIAL; STRIKING RAISED FIELD PANELLING. ORIG DOORS & HDWARE; 5 FRPLCS-LG COMMODIOUS ROOMS, A NICE COMBINATION ENHANCED BY UPDATED SYSTEMS AND NEW KITCHEN & BATH. LOVELY, PRIVATE REAR YARD.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$144
Property Type
House
Property Taxes
$282
HOA Dues
-
Year Built
1733

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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 years ago (MLSPIN #30401227)

Price History

Date / Event Date Event Price
Sep 1, 2000 Sold
Premium
Sold
Apr 11, 2000 Listed $359,900
Listed
Aug 1, 1991 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1733
  • Effective Year Built: 1733
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • 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: 1,245
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,758
  • Total Building Area: 2,557
  • Gross Building Area: 4,770
  • Building Area: 2,557
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,557
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST MEADOW MILL
  • Land Acres: 0000000178
  • 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:30D B:0031 L:0
  • Block: 31
  • Municipality: IPSWICH
  • Latitude: 42.6838
  • Longitude: -70.8405

    Address

  • Full Address: 40 High St
  • Address - House Number: 40
  • Address - Street Name: High
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C005
  • 4-Digit Zip Code: 1946
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $987,600

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 874,593
  • High Value: 1,012,191
  • Low Value: 736,996

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $867,800
  • Assessed Land Value: $269,100
  • Assessed Improvements Value: $598,700

    Sales

  • Current Sale Recording Date: Sep 01, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 01, 1991
  • Previous Sale Amount: $245,000
  • 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 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 years ago
Data Source: MLS PIN, MLS# 30401227

Frequently Asked Questions

When was property at 40 High Street built and last sold?
The property at 40 High Street was built in 1733 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 40 High Street is $0.
What are some comparable homes to 40 High Street?
There are currently no comparable homes to 40 High Street.
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