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Essex 01938
7 Long Ridge Lane
$632,500
● House - Off Market

7 Long Ridge Lane

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
3,918 Ft²
$1,330,635
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

A very beautifully maintained 1998 PINEHURST W/1ST FLR MASTER W/BUILT-IN ARMOIRE and CUSTOM CLOSETS. OPEN LOFT ROOM ON 2ND FLOOR WITH 2 LOVELY BEDROOMS, OPEN GAME/PLAY RM with built-in bar on WALKOUT L.L.. UPGRADED GLAZED MAPLE CABINETS IN eat-in kitchen with stainless appliances. CUL-DE-SAC, Stunning VIEWS OF 15TH FAIRWAY.  Homeowners fee includes grounds maintenance, snow removal and shoveling,weekly  curbside trash and recycling pickup, waste water treatment facility and  guardhouse.
Unit Size
3,918 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$168
Property Type
House
Property Taxes
$592
HOA Dues
$518
Year Built
1998

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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: 6 months ago (MLSPIN #71282136)

Price History

Date / Event Date Event Price
Aug 20, 2025 Sold
Premium
Sold
Jul 19, 2025 In contract -
In contract
Jul 16, 2025 Price Decreased $989,000
↓ $60K (5.7%)
Price Decreased
Jul 9, 2025 Price Increased $1,049,000
↑ $390K (59.2%)
Price Increased
Jul 3, 2025 Relisted $659,000
Relisted
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,582
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 3,722
  • Gross Building Area: 6,217
  • Building Area: 3,722
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,722
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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: RAA

Geography

  • Parcel: IPSW M:19D B:0027 L:0
  • Block: 27
  • Municipality: IPSWICH
  • Latitude: 42.6965
  • Longitude: -70.8915

    Address

  • Full Address: 7 Long Ridge Ln
  • Address - House Number: 7
  • Address - Street Name: Long Ridge
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 3023
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $996,200

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 965,774
  • High Value: 1,042,947
  • Low Value: 888,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $875,400
  • Assessed Land Value: $336,300
  • Assessed Improvements Value: $539,100

    Sales

  • Current Sale Recording Date: Apr 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 653
  • Previous Sale Recording Date: Sep 10, 2004
  • Previous Sale Amount: $790,000
  • 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: 6 months ago
Data Source: MLS PIN, MLS# 71282136

Frequently Asked Questions

When was property at 7 Long Ridge Lane built and last sold?
The property at 7 Long Ridge Lane was built in 1998 and last sold on Jan 1, 1970 for $632,500.
How much is this home worth?
The estimated value of the home located at 7 Long Ridge Lane is $1,008,652.
What are some comparable homes to 7 Long Ridge Lane?
There are currently no comparable homes to 7 Long Ridge Lane.
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