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Essex 01938
5 Scott Hill Rd
$500,000
● House - Off Market

5 Scott Hill Rd

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,325 Ft²
$472,339
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Charming New England Colonial on beautiful street minutes from downtown Ipswich and Cranes Beach.  Positioned adjacent to Turner Hill GC and Willowdale State Park. Spacious layout with 4 bedrooms / 2.5 baths and situated on a level .39 acre lot.  The home offers higher ceilings and ample windows and the natural light is incredible.  The main living level offers fire-placed living room, eat-in kitchen, large family room and sizable bedroom.  There is direct access to the backyard through the kitchen slider.  The bedroom level offers 3 large bedrooms.  The house has tremendous flexibility including an option for au-pair or in-law suite.  There is a full basement. Close to vibrant downtown Ipswich, MBTA, restaurants and the river.
Unit Size
2,325 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$204
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1968

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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 #73087754)

Price History

Date / Event Date Event Price
Aug 23, 2023 Sold
Premium
Sold
Mar 24, 2023 In contract -
In contract
Mar 15, 2023 Listed by Keller Williams Realty Boston-Metro | Back Bay $475,000
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,801
  • Total Building Area: 2,325
  • Gross Building Area: 3,464
  • Building Area: 2,325
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,325
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000386
  • 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:52B B:0088 L:0
  • Block: 88
  • Municipality: IPSWICH
  • Latitude: 42.6664
  • Longitude: -70.8668

    Address

  • Full Address: 5 Scott Hill Rd
  • Address - House Number: 5
  • Address - Street Name: Scott Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R002
  • 4-Digit Zip Code: 1101
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $800,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 821,584
  • High Value: 951,357
  • Low Value: 691,812

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $703,800
  • Assessed Land Value: $337,600
  • Assessed Improvements Value: $366,200

    Sales

  • Current Sale Contract Date: Jul 20, 2023
  • Current Sale Recording Date: Aug 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230823001560
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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: 4 months ago
Data Source: MLS PIN, MLS# 73087754

Frequently Asked Questions

When was property at 5 Scott Hill Road built and last sold?
The property at 5 Scott Hill Road was built in 1968 and last sold on Jul 20, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 5 Scott Hill Road is $502,194.
What are some comparable homes to 5 Scott Hill Road?
There are currently no comparable homes to 5 Scott Hill Road.
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