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Essex 01938
48 North Ridge Road
Photo of 48 North Ridge Road
Sold on Jul 26, 2005

1

Map

$565,000
● House - Off Market

48 North Ridge Road

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,172 Ft²
$997,775
RealtyHop Estimate
76.60%
Since Aug 1, 2005
National-US
Primary Model

About This Property

Absolutley gorgeous unobstructed waterview from this Great Neck home.  Approx 30' road frontage will be added to lot of which approx 10' will be for public access along the boundary.  Enjoy the beautiful sunsets from your home.  Waterfront banking is not included in sale.  It is owned by the Town of Ipswich.
Unit Size
1,172 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$482
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
2008

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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: 6 months ago (MLSPIN #70193675)

Price History

Date / Event Date Event Price
Jul 26, 2005 Sold
Premium
Sold
May 18, 2005 Listed $565,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,156
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,736
  • Total Building Area: 2,023
  • Gross Building Area: 2,633
  • Building Area: 2,023
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,023
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 223100

Zoning

  • Zoning: RRB

Geography

  • Parcel: IPSW M:15A B:0001 L:0
  • Block: 1
  • Municipality: IPSWICH
  • Latitude: 42.7094
  • Longitude: -70.8106

    Address

  • Full Address: 48 Northridge Rd
  • Address - House Number: 48
  • Address - Street Name: Northridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1459
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,491,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,400,693
  • High Value: 1,621,939
  • Low Value: 1,179,448

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,310,900
  • Assessed Land Value: $820,300
  • Assessed Improvements Value: $490,600

    Sales

  • Current Sale Recording Date: Jul 26, 2005
  • Current Sale Price:
    Premium
  • Current 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2496 ft²

Average Home Age

73.7 years

Currently For Sale

1374 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70193675

Frequently Asked Questions

When was property at 48 North Ridge Road built and last sold?
The property at 48 North Ridge Road was built in 2008 and last sold on Jan 1, 1970 for $565,000.
How much is this home worth?
The estimated value of the home located at 48 North Ridge Road is $566,800.
What are some comparable homes to 48 North Ridge Road?
There are currently no comparable homes to 48 North Ridge Road.
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