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Essex 01938
7 Arrowhead Tr
$292,500
● House - Off Market

7 Arrowhead Tr

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$595,800
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

Charming Cape with an open floor plan that is located close to downtown Ipswich on side street. Home features 3 bedrooms, 1 full bath, wide pine floors throughout and skylights in the master bedroom. Slider leads to large, flat backyard with storage shed. Close to beach. Come home to Ipswich.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$298
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1950

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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 #71484179)

Price History

Date / Event Date Event Price
May 22, 2013 Sold
Premium
Sold
Feb 18, 2013 Listed by Coldwell Banker Residential Brokerage - Beverly $300,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Aug 15, 2003 Sold
Premium
Sold
Jul 7, 2003 Listed by Heritage Realty Associates, Inc. $329,000
Listed by Heritage Realty Associates, Inc.
NEWLY PAINTED EXTERIOR. UPDATED PLUMBING AND ELECTRICAL. GREAT YARD, WELL CARED FOR HOME. WOOD FLOORS THROUGHOUT.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,107
  • Total Building Area: 1,008
  • Gross Building Area: 2,052
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOME REALTY TRUST
  • Land Acres: 0000000140
  • 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: RRA

Geography

  • Parcel: IPSW M:31B B:0025 L:0
  • Block: 25
  • Municipality: IPSWICH
  • Latitude: 42.6879
  • Longitude: -70.8213

    Address

  • Full Address: 7 Arrowhead Trl
  • Address - House Number: 7
  • Address - Street Name: Arrowhead
  • Address - Suffix Type: Trl
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C001
  • 4-Digit Zip Code: 2413
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,900

    Appraisal Valuation

  • Standard Deviation: 0.1637
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 584,704
  • High Value: 680,471
  • Low Value: 488,937

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,400
  • Assessed Land Value: $290,900
  • Assessed Improvements Value: $205,500

    Sales

  • Current Sale Recording Date: Jun 23, 2014
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 62300106
  • Previous Sale Recording Date: May 22, 2013
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: O
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

2549 ft²

Average Home Age

72.6 years

Currently For Sale

1470 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 months ago
Data Source: MLS PIN, MLS# 71484179

Frequently Asked Questions

When was property at 7 Arrowhead Trail built and last sold?
The property at 7 Arrowhead Trail was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Arrowhead Trail is $308,164.
What are some comparable homes to 7 Arrowhead Trail?
There are currently no comparable homes to 7 Arrowhead Trail.
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