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Ipswich 01938
72 Washington St
$610,000
● House - Off Market

72 Washington St

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,661 Ft²
$618,187
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

This lovely single family home has been recently renovated. New granite kitchen countertops, new appliances, refinished hardwood floors, new carpet, recently painted and is move in ready. This home provides ample living space with 3 bedrooms on second level, living room, dining room, good size kitchen, bathroom and bonus room or office and 4 season sun room on the first level. New roof, newer furnace, and 2 car garage with new sliding doors to the completely fenced in yard, plenty of parking.   Town Sewer. Close to park, commuter rail and downtown Ipswich. Enjoy all Ipswich has to offer with great restaurants, Crane Beach, hiking and biking trails, canoeing or kayaking on the Ipswich River. Open house Sunday, 2/19 from 11-1:00
Unit Size
1,661 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$361
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1920

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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 #73077267)

Price History

Date / Event Date Event Price
Mar 29, 2023 Sold
Premium
Sold
Feb 21, 2023 In contract -
In contract
Feb 8, 2023 Listed by Windhill Realty, LLC $599,900
Listed by Windhill Realty, LLC
May 5, 2022 Sold
Premium
Sold
Sep 8, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 989
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,840
  • Total Building Area: 1,661
  • Gross Building Area: 2,980
  • Building Area: 1,661
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,661
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000226
  • 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: IR

Geography

  • Parcel: IPSW M:30D B:0122 L:0
  • Block: 122
  • Municipality: IPSWICH
  • Latitude: 42.6832
  • Longitude: -70.8475

    Address

  • Full Address: 72 Washington St
  • Address - House Number: 72
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C007
  • 4-Digit Zip Code: 1726
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $690,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 621,259
  • High Value: 731,541
  • Low Value: 510,977

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $606,900
  • Assessed Land Value: $284,300
  • Assessed Improvements Value: $322,600

    Sales

  • Current Sale Contract Date: Mar 28, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230329000260
  • Previous Sale Recording Date: May 05, 2022
  • Previous Sale Contract Date: May 05, 2022
  • Previous Sale Amount: $405,000
  • Previous Sale Document Type: O
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:

$684,000

Sale Price/ft²

$449

Below Asking

0.01%

Average Days on Market

47

Average Home Size

1664 ft²

Average Home Age

82.5 years

Currently For Sale

19 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: 5 months ago
Data Source: MLS PIN, MLS# 73077267

Frequently Asked Questions

When was property at 72 Washington Street built and last sold?
The property at 72 Washington Street was built in 1920 and last sold on Mar 28, 2023 for $610,000.
How much is this home worth?
The estimated value of the home located at 72 Washington Street is $612,380.
What are some comparable homes to 72 Washington Street?
There are currently no comparable homes to 72 Washington Street.
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