$599,000
●
House -
Off Market
50 River Rd
Ipswich, MA 01938
5 Beds
1 Bath
1,779 Ft²
$3,323
Est. Monthly
About This Property
Large WATERFRONT cottage. Space galore for friends or family.
Little Neck is an idyllic Island community with private beach,
community wharf, boat mooring available. It's a magical lifestyle.
Land rent $9,700.
Unit Size
1,779 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$337
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1910
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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: 29 days ago (MLSPIN #70722996)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Listed by eXp Realty | $1,250,000 | |
| Listed by eXp Realty | |||
| | |||
|
AMAZING WATERFRONT cottage in this very desirable private seaside community in historic Ipswich. Unheard of 5 bdrm home completely & thoughtfully renovated inside with no expense spared. Currently seasonal but can be converted to year round by right. Direct beachfront access right outside your door. AMAZING sunsets year round up the Ipswich River. Beautiful open concept living on 1st floor taking full advantage of the ever changing seaside views out wall of windows. High end kitchen; great for entertaining large crowds. 4 large bdrms upstairs w/ cathedral ceilings. Enjoy everything that this old world charm community has to offer with outdoor activities organized for all ages in the summer months. Clubhouse, pickleball court, ball field, playground, 2 beaches, dock/mooring, along w forever protected views to every direction. Golf cart friendly. Enjoy train into Boston, Crane Beach, 100s of acres of open space & great restaurants/brew pubs, shops & farms nearby. Dream living by the sea.
| |||
| Nov 10, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Nov 1, 2022 | Listed by eXp Realty | $1,550,000 | |
| Listed by eXp Realty | |||
| | |||
|
AMAZING WATERFRONT cottage in this very desirable private seaside community in historic Ipswich. Unheard of 5 bdrm home completely & thoughtfully renovated inside with no expense spared. Currently seasonal but can be converted to year round. Direct beachfront access right outside your door. AMAZING sunsets year round up the Ipswich River. Beautiful open concept living on 1st floor taking full advantage of the ever changing seaside views out wall of windows. High end kitchen; great for entertaining large crowds. 4 large bdrms upstairs w/ cathedral ceilings. Enjoy everything that this old world charm community has to offer with outdoor activities organized for all ages in the summer months. Clubhouse, pickleball court, ball field, playground, 2 beaches, dock/mooring, along w forever protected views to every direction. Golf cart friendly. Enjoy train into Boston, Crane Beach, 100s of acres of open space & great restaurants/brew pubs, shops & farms nearby. Dream living on the sea.
| |||
| Dec 1, 2014 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Fireplace
Building Info
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