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Ipswich 01938
48 Turkey Shore Rd
$1,000,000
● House - Off Market

48 Turkey Shore Rd

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,294 Ft²
$1,470,912
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

The location of your dreams.  This wonderful antique cape sits on over an acre, on a quiet side street with a sloping lawn to the river AND a full permitted dock awaits you for your boating pleasure.  The barn and sheds allow for expansion possibilities.  The house is in the Architectural Preservation District.  This property is a unique and incredible opportunity as has not been on the open market for many decades.....
Unit Size
2,294 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$480
Property Type
House
Property Taxes
$665
HOA Dues
-
Year Built
1720

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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: 6 months ago (MLSPIN #72712069)

Price History

Date / Event Date Event Price
Oct 15, 2020 Sold
Premium
Sold
Aug 19, 2020 Listed by J. Barrett & Company $1,100,000
Listed by J. Barrett & Company
Jul 19, 2013 Sold
Premium
Sold
Oct 9, 1997 Sold
Premium
Sold
Apr 15, 1997 Listed $379,000
Listed
LOCALLY FAMOUS RIVERFRONT PROPERTY IN-TOWN LOCATION ON IPSWICH RIVER 1730 GAMBREL WITH 1790+/-COLONIAL ADDITION MANY INTERIOR CHANGES; NEWER BARN ORIGINALLY 2 CAR DET GAR; UNIQUE AND COMFORTABLE, EXQUISITE RIVER VIEWS

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1720
  • Effective Year Built: 1720
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 742
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,628
  • Total Building Area: 2,258
  • Gross Building Area: 3,742
  • Building Area: 2,258
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 22
  • Heated Square Feet: 2,258
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001300
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: IPSWICH SD
  • Census Tract: 223200

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:42A B:0055 L:0
  • Block: 55
  • Municipality: IPSWICH
  • Latitude: 42.681
  • Longitude: -70.8295

    Address

  • Full Address: 48 Turkey Shore Rd
  • Address - House Number: 48
  • Address - Street Name: Turkey Shore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C001
  • 4-Digit Zip Code: 2332
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,576,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 949,511
  • High Value: 1,098,896
  • Low Value: 800,127

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,385,700
  • Assessed Land Value: $535,900
  • Assessed Improvements Value: $849,800

    Sales

  • Current Sale Contract Date: Oct 15, 2020
  • Current Sale Recording Date: Oct 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201015006650
  • Previous Sale Recording Date: Jul 19, 2013
  • Previous Sale Amount: $600,000
  • Previous Sale Document Type: O
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:

$669,000

Sale Price/ft²

$442

Below Asking

0.03%

Average Days on Market

54

Average Home Size

1472 ft²

Average Home Age

53.2 years

Currently For Sale

13 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# 72712069

Frequently Asked Questions

When was property at 48 Turkey Shore Road built and last sold?
The property at 48 Turkey Shore Road was built in 1720 and last sold on Oct 15, 2020 for $1,000,000.
How much is this home worth?
The estimated value of the home located at 48 Turkey Shore Road is $1,093,405.
What are some comparable homes to 48 Turkey Shore Road?
There are currently no comparable homes to 48 Turkey Shore Road.
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