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Essex 01938
61 Clark Rd
$880,000
● House - Off Market

61 Clark Rd

Ipswich, MA 01938
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,714 Ft²
$964,352
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Great Neck. No showings until Thursday 8/12 Open House  5 to 7pm.  Offers presented Sunday at 2pm. Direct water views of the Clark Beach area, Yacht Club basin, Plum Island, and Cape Ann.  Close to private resident Clark Beach. House is in good condition. Possible 2nd story expansion. Enjoy year round living or use it as a summer retreat. Newer 2 bedroom septic system. Ipswich has much to offer, Downtown shops, Several Restaurants, YMCA, Train to  Boston and Newburyport.
Unit Size
1,714 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$496
Property Type
House
Property Taxes
$667
HOA Dues
-
Year Built
2023

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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: 5 years ago (MLSPIN #72877851)

Price History

Date / Event Date Event Price
Sep 24, 2021 Sold
Premium
Sold
Aug 6, 2021 Listed by eXp Realty $849,500
Listed by eXp Realty

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 3
  • Basement Area: 726
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,456
  • Total Building Area: 2,464
  • Gross Building Area: 3,040
  • Building Area: 2,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,464
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • 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: 223100

Zoning

  • Zoning: RRB

Geography

  • Parcel: IPSW M:23B B:0025 L:0
  • Block: 25
  • Municipality: IPSWICH
  • Latitude: 42.7018
  • Longitude: -70.7971

    Address

  • Full Address: 61 Clark Rd
  • Address - House Number: 61
  • Address - Street Name: Clark
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: R001
  • 4-Digit Zip Code: 2810
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,387,800

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 943,483
  • High Value: 1,091,918
  • Low Value: 795,047

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,219,500
  • Assessed Land Value: $713,400
  • Assessed Improvements Value: $506,100

    Sales

  • Current Sale Contract Date: Sep 24, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210924002910
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72877851

Frequently Asked Questions

When was property at 61 Clark Road built and last sold?
The property at 61 Clark Road was built in 2023 and last sold on Sep 24, 2021 for $880,000.
How much is this home worth?
The estimated value of the home located at 61 Clark Road is $0.
What are some comparable homes to 61 Clark Road?
There are currently no comparable homes to 61 Clark Road.
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