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Essex 01938
5 Allen Ln
$332,000
● House - Off Market

5 Allen Ln

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,216 Ft²
$629,736
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

Move right in to this nicely maintained Pinefield Ranch Home. Many upgrades, nice level lot with plenty of room for outdoor entertaining, 3 season porch, newer shed, updated kitchen with SS appliances, updated bath and fresh interior paint and newer flooring! Just steps from the Pinefield Playground and minutes to Downtown Ipswich, Cranes Beach, Ipswich Public Schools or Rt1, 1A, and 133. Take the Train North to Newburyport or South to Boston. Enjoy miles of conservation land, trails, bike paths, and fresh produce from Marinie Farm right around the corner!
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$279
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1962

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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 months ago (MLSPIN #71696710)

Price History

Date / Event Date Event Price
Aug 7, 2014 Sold
Premium
Sold
Jun 6, 2014 Listed by Windhill Realty, LLC $339,000
Listed by Windhill Realty, LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,143
  • Total Building Area: 1,216
  • Gross Building Area: 1,524
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000371
  • 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:28C B:0024 L:0
  • Block: 24
  • Municipality: IPSWICH
  • Latitude: 42.6871
  • Longitude: -70.9015

    Address

  • Full Address: 5 Allen Ln
  • Address - House Number: 5
  • Address - Street Name: Allen
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 1105
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $579,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 628,453
  • High Value: 731,385
  • Low Value: 525,520

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,900
  • Assessed Land Value: $318,000
  • Assessed Improvements Value: $190,900

    Sales

  • Current Sale Recording Date: Aug 07, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 80700133
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

2570 ft²

Average Home Age

73.4 years

Currently For Sale

1447 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 months ago
Data Source: MLS PIN, MLS# 71696710

Frequently Asked Questions

When was property at 5 Allen Lane built and last sold?
The property at 5 Allen Lane was built in 1962 and last sold on Jan 1, 1970 for $332,000.
How much is this home worth?
The estimated value of the home located at 5 Allen Lane is $349,597.
What are some comparable homes to 5 Allen Lane?
There are currently no comparable homes to 5 Allen Lane.
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