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Essex 01938
7 Kimball Avenue
$185,000
● House - Off Market

7 Kimball Avenue

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,207 Ft²
$648,315
RealtyHop Estimate
225.79%
Since May 1, 1999
National-US
Primary Model

About This Property

WELL MAINTAINED CAPE,FENCED YD-EXCELLENT LOCATION. ONCE USED AS A 4 BR -INGROUND POOL(FILLED IN). WALK TO SCHOOL,SHOPPING. SELLER MUST OBTAIN LICENSE TO SELL.
Unit Size
1,207 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$165
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1950

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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 years ago (MLSPIN #30293807)

Price History

Date / Event Date Event Price
Apr 12, 2002 Sold
Premium
Sold
Jan 28, 2002 Listed $289,900
Listed
Apr 28, 1999 Sold
Premium
Sold
Feb 16, 1999 Listed $199,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,218
  • Total Building Area: 1,245
  • Gross Building Area: 2,210
  • Building Area: 1,245
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,245
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • 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: 1R

Geography

  • Parcel: IPSW M:30D B:0182 L:0
  • Block: 182
  • Municipality: IPSWICH
  • Latitude: 42.688
  • Longitude: -70.8495

    Address

  • Full Address: 7 Kimball Ave
  • Address - House Number: 7
  • Address - Street Name: Kimball
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C007
  • 4-Digit Zip Code: 1206
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $565,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 581,791
  • High Value: 682,176
  • Low Value: 481,406

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $497,300
  • Assessed Land Value: $288,500
  • Assessed Improvements Value: $208,800

    Sales

  • Current Sale Recording Date: Apr 12, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 28, 1999
  • Previous Sale Amount: $185,000
  • 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

2510 ft²

Average Home Age

73.3 years

Currently For Sale

1405 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 years ago
Data Source: MLS PIN, MLS# 30293807

Frequently Asked Questions

When was property at 7 Kimball Avenue built and last sold?
The property at 7 Kimball Avenue was built in 1950 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 7 Kimball Avenue is $298,622.
What are some comparable homes to 7 Kimball Avenue?
There are currently no comparable homes to 7 Kimball Avenue.
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