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Essex 01938
48 Choate Lane
$719,000
● House - Off Market

48 Choate Lane

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,668 Ft²
$1,790,842
RealtyHop Estimate
149.07%
Since Aug 1, 2002
National-US
Primary Model

About This Property

BEAUTIFUL SUNSETS!  BREATHTAKING VIEWS!  MAPLE FLOORS, BUILT IN BOOKCASES & OAK BAR, 2 FIREPLACES, BOSE SOUND SYSTEM, SONY/PIONEER HOME THEATRE.  MANY CUSTOM FEATURES.  MUST SEE!
Unit Size
3,668 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$196
Property Type
House
Property Taxes
$521
HOA Dues
$314
Year Built
1995

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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 #30581329)

Price History

Date / Event Date Event Price
Jul 2, 2002 Sold
Premium
Sold
Feb 20, 2002 Listed by Sagan Harborside Sotheby's International Realty $719,000
Listed by Sagan Harborside Sotheby's International Realty
Apr 7, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,377
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,379
  • Total Building Area: 3,822
  • Gross Building Area: 5,402
  • Building Area: 3,822
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,822
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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:19C B:0046 L:0
  • Block: 46
  • Municipality: IPSWICH
  • Latitude: 42.6976
  • Longitude: -70.8942

    Address

  • Full Address: 48 Choate Ln
  • Address - House Number: 48
  • Address - Street Name: Choate
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 3020
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $959,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,032,887
  • High Value: 1,196,036
  • Low Value: 869,738

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $842,900
  • Assessed Land Value: $336,900
  • Assessed Improvements Value: $506,000

    Sales

  • Current Sale Recording Date: Jul 02, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 07, 1995
  • Previous Sale Amount: $462,750
  • 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

2546 ft²

Average Home Age

73.2 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30581329

Frequently Asked Questions

When was property at 48 Choate Lane built and last sold?
The property at 48 Choate Lane was built in 1995 and last sold on Jan 1, 1970 for $719,000.
How much is this home worth?
The estimated value of the home located at 48 Choate Lane is $0.
What are some comparable homes to 48 Choate Lane?
There are currently no comparable homes to 48 Choate Lane.
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