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Essex 01938
9 Edge St
$525,000
● House - Off Market

9 Edge St

Ipswich, MA 01938
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,708 Ft²
$556,965
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Here is your opportunity to buy in the desirable Pinefield subdivision, backing up to Marini Farm Conservation area. This 4-bedroom spacious single level ranch offers a large primary bedroom and family room addition. The kitchen has had recent updates including tile floors, painted cabinets and stainless-steel appliances with gas stove.  Enjoy your deck off the dining room overlooking the inground pool. Outside you will find a large level lot and 2 large storage sheds offering plenty of storage. Roof was replaced within last 5 years. This home awaits your finishing touches and is conveniently located less than 3 miles to Downtown Ipswich.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
-
Price per sqft
$307
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1962

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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: 4 months ago (MLSPIN #73052539)

Price History

Date / Event Date Event Price
Dec 15, 2022 Sold
Premium
Sold
Nov 4, 2022 In contract -
In contract
Oct 27, 2022 Listed by Accurety, LLC $525,000
Listed by Accurety, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,694
  • Gross Building Area: 2,120
  • Building Area: 1,694
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,694
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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:28C B:0044 L:0
  • Block: 44
  • Municipality: IPSWICH
  • Latitude: 42.6868
  • Longitude: -70.9004

    Address

  • Full Address: 9 Edge St
  • Address - House Number: 9
  • Address - Street Name: Edge
  • Address - Suffix Type: St
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C004
  • 4-Digit Zip Code: 1109
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $572,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 612,557
  • High Value: 717,444
  • Low Value: 507,670

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $502,800
  • Assessed Land Value: $314,900
  • Assessed Improvements Value: $187,900

    Sales

  • Current Sale Contract Date: Dec 15, 2022
  • Current Sale Recording Date: Dec 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221215003830

    Financing

  • First Mortgage Financing Type: ADJ
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

2602 ft²

Average Home Age

73.3 years

Currently For Sale

1409 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73052539

Frequently Asked Questions

When was property at 9 Edge Street built and last sold?
The property at 9 Edge Street was built in 1962 and last sold on Dec 15, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 9 Edge Street is $537,253.
What are some comparable homes to 9 Edge Street?
There are currently no comparable homes to 9 Edge Street.
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