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Essex 01938
59 The Fairways
$675,000
● House - Off Market

59 The Fairways

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,402 Ft²
$993,858
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

A fabulous Pinehurst-design home featuring the very  desirable first floor Master Bedroom with two walk-in closets plus a third.  Stunning Ash wood flooring plus lovely hand-crafted millwork as well as beautiful  views of this Golf course frontage 3 Bedroom home on the 3rd fairway.  Low HOA $513/month.  Second floor features an open Loft area with custom built-ins plus two Bedrooms  and one full Bath.  Walk-out lower level features a Family Rm with built-in wet Bar plus a separate Workshop for the Master Craftsman- a very special and private enclave!  Of course this space can be converted into a larger Family Rm.   Country Club memberships are available to those seeking golf, swim/tennis and social participation.
Unit Size
3,402 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$204
Property Type
House
Property Taxes
$943
HOA Dues
$513
Year Built
2003

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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 #72531058)

Price History

Date / Event Date Event Price
Mar 23, 2020 Sold
Premium
Sold
Jul 9, 2019 Listed by Coldwell Banker Residential Brokerage - Topsfield $695,000
Listed by Coldwell Banker Residential Brokerage - Topsfield
Oct 7, 2003 Sold
Premium
Sold
Aug 27, 1996 Sold
Premium
Sold
Apr 9, 1995 Listed by Coldwell Banker Hunneman $75,000
Listed by Coldwell Banker Hunneman
ATTACHED LOT AT IPSWICH COUNTRY CLUB SITED ON THE 3RD FAIRWAY

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,698
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,691
  • Total Building Area: 3,500
  • Gross Building Area: 6,463
  • Building Area: 3,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000154
  • 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:27B B:0047 L:0
  • Block: 47
  • Municipality: IPSWICH
  • Latitude: 42.6932
  • Longitude: -70.9056

    Address

  • Full Address: 59 The Fairways
  • Address - House Number: 59
  • Address - Street Name: The Fairways
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 3009
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,066,000

    Appraisal Valuation

  • Standard Deviation: 0.1717
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 1,006,914
  • High Value: 1,179,890
  • Low Value: 833,937

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $936,700
  • Assessed Land Value: $334,700
  • Assessed Improvements Value: $602,000

    Sales

  • Current Sale Contract Date: Mar 14, 2020
  • Current Sale Recording Date: Mar 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200323005280
  • Previous Sale Recording Date: Oct 07, 2003
  • Previous Sale Amount: $850,000
  • 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:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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: 4 months ago
Data Source: MLS PIN, MLS# 72531058

Frequently Asked Questions

When was property at 59 The Fairways built and last sold?
The property at 59 The Fairways was built in 2003 and last sold on Mar 14, 2020 for $675,000.
How much is this home worth?
The estimated value of the home located at 59 The Fairways is $735,904.
What are some comparable homes to 59 The Fairways?
There are currently no comparable homes to 59 The Fairways.
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