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Essex 01938
58 Mile Lane
$318,600
● House - Off Market

58 Mile Lane

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,328 Ft²
$765,757
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model

About This Property

Quiet retreat set back from the street - windows redone in 2003, roof 2007 - oversized 2 car garage - single level living - fantastic garden room to capture your days and moonlit evenings - square footage does not reflect 216 sf of htd sun room with sliders opening to deck area - full basement for workshop and activities
Unit Size
1,328 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$252
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1977

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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 #71315362)

Price History

Date / Event Date Event Price
Jul 24, 2025 Sold
Premium
Sold
Jun 12, 2025 In contract -
In contract
Jun 4, 2025 Listed $669,000
Listed
Tucked away on .58 acres is this charming 3 bedroom Ranch with 2 car garage. Recent updates include Bath remodel - 2018, Vinyl Siding & Insulation - 2020 and state of the art Geothermal Heating & Cooling system in 2022. Single level living with just a few steps down to the spacious Family Room surrounded by nature all year through. The garage is equipped with an EV charging station for your convenience. A wonderful home to start out in or downsize to, and not far from town and schools.
Feb 12, 2025 No longer available -
No longer available
Oct 18, 2024 Withdrawn -
Withdrawn
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,252
  • Total Building Area: 1,328
  • Gross Building Area: 3,350
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IPSWICH
  • Land Acres: 0000000580
  • 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:29A B:0019 L:0
  • Block: 19
  • Municipality: IPSWICH
  • Latitude: 42.6884
  • Longitude: -70.874

    Address

  • Full Address: 58 Mile Ln
  • Address - House Number: 58
  • Address - Street Name: Mile
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C007
  • 4-Digit Zip Code: 1153
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $648,400

    Appraisal Valuation

  • Standard Deviation: 0.1575
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 688,978
  • High Value: 797,497
  • Low Value: 580,458

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $569,800
  • Assessed Land Value: $325,500
  • Assessed Improvements Value: $244,300

    Sales

  • Current Sale Recording Date: Feb 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Oct 30, 1992
  • 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 Essex

Stats & Trends

Median Asking:

$699,900

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2521 ft²

Average Home Age

73.7 years

Currently For Sale

1419 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# 71315362

Frequently Asked Questions

When was property at 58 Mile Lane built and last sold?
The property at 58 Mile Lane was built in 1977 and last sold on Jan 1, 1970 for $318,600.
How much is this home worth?
The estimated value of the home located at 58 Mile Lane is $641,462.
What are some comparable homes to 58 Mile Lane?
There are currently no comparable homes to 58 Mile Lane.
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