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Ipswich 01938
5 Newmarch Street
$465,000
● House - Off Market

5 Newmarch Street

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,258 Ft²
$724,599
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

The neighborhood that everyone wants........Adorable 2 bedroom, 1.5 bath Colonial Cottage. 1+ acre lot with sewer allows expansion or outbuildings without septic issues. New windows, great gardens, granite kitchen counters.  Near Town Wharf, MBTA train to Boston, shopping, banks, PO and restaurants.  The perfect size, in the perfect spot, in the best community.   Come and see the perfect housing solution for both young couples and empty nesters.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$381
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1888

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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 #72341591)

Price History

Date / Event Date Event Price
Aug 16, 2018 Sold
Premium
Sold
Jun 7, 2018 Listed by J. Barrett & Company $479,000
Listed by J. Barrett & Company
Jan 31, 2000 Sold
Premium
Sold
Jan 6, 2000 Listed by J. Barrett & Company $169,000
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 680
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 1,258
  • Gross Building Area: 2,251
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • 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: 223200

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:31D B:0078 L:0
  • Block: 78
  • Municipality: IPSWICH
  • Latitude: 42.6859
  • Longitude: -70.8251

    Address

  • Full Address: 5 Newmarch St
  • Address - House Number: 5
  • Address - Street Name: Newmarch
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C001
  • 4-Digit Zip Code: 2425
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $701,200

    Appraisal Valuation

  • Standard Deviation: 0.2359
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 695,906
  • High Value: 860,104
  • Low Value: 531,708

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $616,200
  • Assessed Land Value: $414,300
  • Assessed Improvements Value: $201,900

    Sales

  • Current Sale Recording Date: Aug 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180816001350
  • Previous Sale Recording Date: Jan 31, 2000
  • Previous Sale Amount: $175,000
  • 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 Ipswich

Stats & Trends

Median Asking:

$684,000

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1616 ft²

Average Home Age

74.9 years

Currently For Sale

16 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: 6 months ago
Data Source: MLS PIN, MLS# 72341591

Frequently Asked Questions

When was property at 5 Newmarch Street built and last sold?
The property at 5 Newmarch Street was built in 1888 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 5 Newmarch Street is $473,923.
What are some comparable homes to 5 Newmarch Street?
There are currently no comparable homes to 5 Newmarch Street.
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