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Essex 01938
5 Chattanooga Road
$324,500
● House - Off Market

5 Chattanooga Road

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
980 Ft²
$632,042
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Sandy beaches await you at Great Neck!  Bring your suntan lotion and a little elbow grease!  This classic 2 bedroom seaside cottage is located only a short stroll from Pavilion Beach and Clark Beach. Swim, Fish, and Kayak in the waters of Plum Island Sound. Build equity by completing repairs started by the current owner. This is a great opportunity for those who appreciate the recreation, beauty, and serenity of living near the ocean. Call today for a private showing and come check out the views of the Crane Estate, Atlantic Ocean, and Little Neck.
Unit Size
980 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$346
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1940

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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 #71717680)

Price History

Date / Event Date Event Price
Jan 29, 2015 Sold
Premium
Sold
Jul 22, 2014 Listed by RE/MAX Advantage Real Estate $339,000
Listed by RE/MAX Advantage Real Estate
Jul 15, 1998 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 3
  • Basement Area: 1,044
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,199
  • Total Building Area: 1,740
  • Gross Building Area: 2,020
  • Building Area: 1,740
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 18
  • Heated Square Feet: 1,740
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • 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:24C B:0185 L:0
  • Block: 185
  • Municipality: IPSWICH
  • Latitude: 42.6982
  • Longitude: -70.7964

    Address

  • Full Address: 5 Chattanooga Rd
  • Address - House Number: 5
  • Address - Street Name: Chattanooga
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 1509
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $897,200

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 891,702
  • High Value: 1,032,153
  • Low Value: 751,252

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $788,400
  • Assessed Land Value: $497,700
  • Assessed Improvements Value: $290,700

    Sales

  • Current Sale Recording Date: Jan 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12900240
  • Previous Sale Recording Date: Jul 15, 1998
  • Previous Sale Amount: $184,000
  • 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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71717680

Frequently Asked Questions

When was property at 5 Chattanooga Road built and last sold?
The property at 5 Chattanooga Road was built in 1940 and last sold on Jan 1, 1970 for $324,500.
How much is this home worth?
The estimated value of the home located at 5 Chattanooga Road is $345,022.
What are some comparable homes to 5 Chattanooga Road?
There are currently no comparable homes to 5 Chattanooga Road.
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