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Essex 01938
5 Southpoint Lane
Photo of 5 Southpoint Lane
Sold on Mar 31, 2006

1

Map

$1,100,000
● House - Off Market

5 Southpoint Lane

Ipswich, MA 01938
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
6,036 Ft²
$2,028,278
RealtyHop Estimate
69.16%
Since Apr 1, 2006
National-US
Primary Model

About This Property

Woodsy conservation land abuts & contrasts with the manicured landscape of this elegantly appointed, custom built home at Ipswich Country Club. Sumptuous details include granite counters with '04 SS applianced kitchen, a 1st floor master w/marble bath & its own entrance to the 4-season room w/fireplace & skylights. Cherry & oak floors, separately located guest suites, 2nd flr library w/fireplace, a palatial entertainment area, custom wall unit for TV and stereo components.
Unit Size
6,036 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$199
Property Type
House
Property Taxes
$893
HOA Dues
$466
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #70317083)

Price History

Date / Event Date Event Price
Mar 31, 2006 Sold
Premium
Sold
Jan 15, 2006 Listed $1,199,000
Listed
Apr 15, 2004 Sold
Premium
Sold
May 29, 2003 Listed $1,295,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,528
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,109
  • Total Building Area: 6,694
  • Gross Building Area: 8,857
  • Building Area: 6,694
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 6,694
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000485
  • 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:28B B:0048 L:0
  • Block: 48
  • Municipality: IPSWICH
  • Latitude: 42.6917
  • Longitude: -70.8916

    Address

  • Full Address: 5 Southpoint Ln
  • Address - House Number: 5
  • Address - Street Name: Southpoint
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 3032
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,578,300

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,688,037
  • High Value: 1,979,054
  • Low Value: 1,397,020

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,386,900
  • Assessed Land Value: $379,300
  • Assessed Improvements Value: $1,007,600

    Sales

  • Current Sale Recording Date: Mar 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 15, 2004
  • Previous Sale Amount: $1,210,000
  • 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:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2520 ft²

Average Home Age

73.2 years

Currently For Sale

1449 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: 5 months ago
Data Source: MLS PIN, MLS# 70317083

Frequently Asked Questions

When was property at 5 Southpoint Lane built and last sold?
The property at 5 Southpoint Lane was built in 2000 and last sold on Jan 1, 1970 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 5 Southpoint Lane is $1,206,134.
What are some comparable homes to 5 Southpoint Lane?
There are currently no comparable homes to 5 Southpoint Lane.
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