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Essex 01983
7 Pearl Way - Lot 7
Photo of 7 Pearl Way - Lot 7

9

Map

Photo of 7 Pearl Way - Lot 7
Photo of 7 Pearl Way - Lot 7
$599,900
● Land - For Sale

7 Pearl Way - Lot 7

Topsfield, MA 01983
bedrooms
Studio
bathrooms
0 Bath
$3,641
Est. Monthly

About This Property

BUILD YOUR DREAM HOME IN DESIRABLE RIVERWOOD ESTATES! This single-family house lot on Pearl Way offers a unique opportunity to build within one of Topsfield's newest subdivisions, with no builder tie-in requirements. Located near the intersection of Ipswich Rd and Perkins Row, the property features a scenic Ipswich River setting and abuts Audubon Society land, offering natural beauty and privacy. The road is now public and maintained by the town for added accessibility and convenience. Restrictive covenants and design review apply. Enjoy nearby amenities, commuter routes, and all the charm Topsfield has to offer while bringing your vision to life.
Unit Size
-
Days on Market
-
Land Size
0.93 acres
Price per sqft
-
Property Type
Land
Property Taxes
$695
HOA Dues
-
Year Built
1972

Listed By

Team Lillian Montalto
Lillian Montalto Signature Properties

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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 months ago (MLSPIN #73525913)

Price History

Date / Event Date Event Price
May 28, 2026 Listed by Lillian Montalto Signature Properties $599,900
Listed by Lillian Montalto Signature Properties

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Sidewalks
Lot Size Area: 0.93
Lot Size Units: Acres
Lot Size Acres: 0.93
Lot Size Square Feet: 40511
Water Source: Public
Financial Details
Tax Assessed Value: $556,300
Tax Annual Amount: $8,339
Utilities Details
Sewer : Private Sewer

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 875
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,049
  • Total Building Area: 2,271
  • Gross Building Area: 3,776
  • Building Area: 2,271
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,271
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000919
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Masconomet School District
  • Census Tract: 214100

Zoning

  • Zoning: IRA

Geography

  • Account Number: 831
  • Parcel: TOPS M:0027 B:0019 L:
  • Block: 19
  • Municipality: TOPSFIELD
  • Latitude: 42.6495
  • Longitude: -70.9234

    Address

  • Full Address: 7 Perkins Cir
  • Address - House Number: 7
  • Address - Street Name: Perkins
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Topsfield
  • Carrier Code: R001
  • 4-Digit Zip Code: 1505
  • Zip Code: 01983

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,115,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 887,311
  • High Value: 1,027,466
  • Low Value: 747,156

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $759,000
  • Assessed Land Value: $332,200
  • Assessed Improvements Value: $426,800
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

2534 ft²

Average Home Age

73 years

Currently For Sale

1483 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: 5 months ago
Data Source: MLS PIN, MLS# 73525913

Frequently Asked Questions

When was property at 7 Pearl Way built and last sold?
The property at 7 Pearl Way was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Pearl Way is $605,899.
What are some comparable homes to 7 Pearl Way?
There are currently no comparable homes to 7 Pearl Way.
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