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Ipswich 01938
7 Riverside Drive
$595,000
● House - Off Market

7 Riverside Drive

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,918 Ft²
$866,939
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Live in fabulous Ipswich! Charming mid-century split entry home has freshly painted walls, ceilings, and trim. All hardwood floors have been newly refinished. The lower level fireplaced family room has a new laminate floor. Master bedroom has a remodeled ensuite half bath. The spacious all-season sun-room with windows on three sides is sure to be a favorite gathering spot at any time of the year as it overlooks the beautiful yard which extends to Labor In Vain Road. The one car oversized garage has direct access to the house. Historic downtown Ipswich offers commuter train to Boston, YMCA, shops and great restaurants. This property has deeded access to the Ipswich River. First showings will begin at Open House, Sept. 14th, 11:00am --12:30pm.  Hope to see you there!
Unit Size
1,918 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$310
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
1965

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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: 4 months ago (MLSPIN #72561562)

Price History

Date / Event Date Event Price
Jan 17, 2020 Sold
Premium
Sold
Sep 9, 2019 Listed by Coldwell Banker Residential Brokerage - Beverly $595,000
Listed by Coldwell Banker Residential Brokerage - Beverly
Oct 7, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,118
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,279
  • Total Building Area: 1,918
  • Gross Building Area: 2,643
  • Building Area: 1,918
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,918
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000695
  • 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: 223200

Zoning

  • Zoning: RRA

Geography

  • Parcel: IPSW M:42B B:0044 L:0
  • Block: 44
  • Municipality: IPSWICH
  • Latitude: 42.6813
  • Longitude: -70.8208

    Address

  • Full Address: 7 Riverside Dr
  • Address - House Number: 7
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C001
  • 4-Digit Zip Code: 2427
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,085,800

    Appraisal Valuation

  • Standard Deviation: 0.1723
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 886,842
  • High Value: 1,039,710
  • Low Value: 733,974

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $954,100
  • Assessed Land Value: $593,600
  • Assessed Improvements Value: $360,500

    Sales

  • Current Sale Contract Date: Sep 18, 2019
  • Current Sale Recording Date: Jan 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200117005460
  • Previous Sale Recording Date: Oct 07, 1988
  • Previous Sale Amount: $237,500
  • 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 Ipswich

Stats & Trends

Median Asking:

$699,500

Sale Price/ft²

$442

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1668 ft²

Average Home Age

101.5 years

Currently For Sale

17 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: 4 months ago
Data Source: MLS PIN, MLS# 72561562

Frequently Asked Questions

When was property at 7 Riverside Drive built and last sold?
The property at 7 Riverside Drive was built in 1965 and last sold on Sep 18, 2019 for $595,000.
How much is this home worth?
The estimated value of the home located at 7 Riverside Drive is $613,410.
What are some comparable homes to 7 Riverside Drive?
There are currently no comparable homes to 7 Riverside Drive.
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