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Essex 01938
7 Southpoint Ln
$760,000
● House - Off Market

7 Southpoint Ln

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,639 Ft²
$1,548,541
RealtyHop Estimate
96.27%
Since Jul 1, 2013
National-US
Primary Model

About This Property

Custom detached Ipswich Country Club Contemporary, wonderful curb appeal, side-entry garage, and beautiful landscaped lot. Grand two story foyer. Front to back living room/dining room. Center island kitchen, stainless appliances, granite counters. Fireplaced family room, professionally installed entertainment system. Master suite has full marble bath, jetted tub and separate shower. Screened room with adjacent Trex deck. New state of the art, highly efficient, Ranai heating and hot water system.
Unit Size
3,639 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$217
Property Type
House
Property Taxes
$680
HOA Dues
$518
Year Built
1995

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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 #71515934)

Price History

Date / Event Date Event Price
Jun 10, 2013 Sold
Premium
Sold
Apr 27, 2013 Listed by Keller Williams Realty $789,000
Listed by Keller Williams Realty
Aug 23, 2010 Sold
Premium
Sold
Jun 16, 2010 Listed by Keller Williams Realty $759,900
Listed by Keller Williams Realty
Jan 20, 1998 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 8
  • 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: 1,436
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,654
  • Total Building Area: 3,553
  • Gross Building Area: 5,546
  • Building Area: 3,553
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,553
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: IPSWICH INVESTMENT CORP
  • Land Acres: 0000000451
  • 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: RRA

Geography

  • Parcel: IPSW M:28B B:0047 L:0
  • Block: 47
  • Municipality: IPSWICH
  • Latitude: 42.6917
  • Longitude: -70.8916

    Address

  • Full Address: 7 Southpoint Ln
  • Address - House Number: 7
  • Address - Street Name: Southpoint
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 3032
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,127,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,250,410
  • High Value: 1,447,134
  • Low Value: 1,053,686

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $990,800
  • Assessed Land Value: $374,800
  • Assessed Improvements Value: $616,000

    Sales

  • Current Sale Recording Date: Jun 10, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 23, 2010
  • Previous Sale Amount: $729,900
  • 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

2549 ft²

Average Home Age

72.4 years

Currently For Sale

1448 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# 71515934

Frequently Asked Questions

When was property at 7 Southpoint Lane built and last sold?
The property at 7 Southpoint Lane was built in 1995 and last sold on Jan 1, 1970 for $760,000.
How much is this home worth?
The estimated value of the home located at 7 Southpoint Lane is $836,034.
What are some comparable homes to 7 Southpoint Lane?
There are currently no comparable homes to 7 Southpoint Lane.
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