NOT LISTED FOR SALE

111 Central St Ipswich, MA 01938

Estimated Value: $745,000 - $811,000

5 Beds
3 Baths
2,528 Sq Ft
$307/Sq Ft Est. Value

Last Sold April 16, 2025

Last sale price $800,000 $316 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $4,727/month

13 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • Porch
  • Property is near public transit and schools
  • Jogging Path
  • Bathtub

About This Home

As of April 2025

This antique Victorian 3-family home is centrally located in Ipswich offering both historic character and incredible investment potential. Whether you're a savvy investor looking to maximize rental income or an owner-occupant seeking additional revenue, this property is a rare find. The first unit features an eat-in kitchen with stainless steel appliances, a large sunny living room, three bedrooms, full bathroom, and laundry room. The second unit has two bedrooms and an open-concept layout with a large kitchen island and bright living room. Third-floor studio offers a cozy and flexible living space with dining area, reading nook, and more. Additional storage in basement and ample parking. Less than a mile from downtown Ipswich, MBTA, restaurants, shops and more. Ipswich is home to Crane Beach, one of the most breathtaking coastal spots in the area, and only 30 miles from Boston.

Last Agent to Sell the Property

Maggie Pratt

Keller Williams Realty Evolution Listed on: 02/26/2025

Keller Williams Realty Evolution

Last Buyer's Agent

Susan Collins

J. Barrett & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,548

Year Built

  • Built in 1900

Lot Details

  • 6,098

Home Design

  • Triplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,528 Sq Ft Home
  • Living Room
  • Storage
  • Washer and Dryer Hookup
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms
  • Bathtub

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Central Air
  • 2 Cooling Zones
  • 3 Heating Zones
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • 6,098 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $4,900
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number 1954921

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,548

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1900
  • Levels: 6
  • Year Built Details: Approximate
  • Year Round: Yes
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Storage, Bathroom With Tub, Living Room, Kitchen, Laundry Room
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Basement: Full
  • Above Grade Finished Sq Ft: 2528
  • Living Area: 2528
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: C95098
  • MAIN SO: C95243

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Window Unit(s), Ductless
  • Heating: Natural Gas, Electric, Ductless
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Laundromat, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1954921
  • Zoning: GB
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 6098
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8548

Multi Family

  • Net Operating Income: 58800
  • Number Of Units Total: 3
  • Total Actual Rent: 4900
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • COOLING UNITS: 2
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Apr 16, 2025
Sold by
Field Michael S and Ranaldi Geno
Bought by
Shearer Noah F
Seller's Agent
Maggie Pratt
Keller Williams Realty Evolution
Buyer's Agent
Susan Collins
J. Barrett & Company
List Price
$877,000
Sold Price
$800,000
Premium/Discount to List
-$77,000
-8.78%
Views
48
Current Estimated Value
$775,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,328
Avg. Annual Appreciation
-4.14%
Original Mortgage
$670,000
Outstanding Balance
$665,797
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$109,875

Purchase Details

Listed on
Feb 26, 2025
Closed on
Apr 8, 2025
Sold by
1 Broadway Dev Llc
Bought by
Field Michael S and Ranaldi Geno
Seller's Agent
Maggie Pratt
Keller Williams Realty Evolution
Buyer's Agent
Susan Collins
J. Barrett & Company
List Price
$877,000
Sold Price
$800,000
Premium/Discount to List
-$77,000
-8.78%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Outstanding Balance
$665,797
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$109,875

Purchase Details

Listed on
Sep 23, 2011
Closed on
Mar 23, 2012
Sold by
Bank Of New York Mello
Bought by
1 Broadway Dev Llc
Seller's Agent
Rich Powers
Toner Real Estate, LLC
Buyer's Agent
Rich Powers
Toner Real Estate, LLC
List Price
$230,000
Sold Price
$190,000
Premium/Discount to List
-$40,000
-17.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.63%
Original Mortgage
$325,000
Interest Rate
3.88%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 26, 2011
Sold by
Fiori Vinicius L
Bought by
Bank Of New York Mello

Purchase Details

Closed on
Jun 30, 2005
Sold by
Ouellette Kenneth G
Bought by
Fiori Vinicius L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shearer Noah F $800,000 None Available
Shearer Noah F $800,000 None Available
Shearer Noah F $800,000 None Available
Field Michael S -- None Available
Field Michael S -- None Available
Field Michael S -- None Available
1 Broadway Dev Llc $190,000 --
1 Broadway Dev Llc $190,000 --
Bank Of New York Mello $252,000 --
Bank Of New York Mello $252,000 --
Fiori Vinicius L $465,000 --
Fiori Vinicius L $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shearer Noah F $670,000
Closed Shearer Noah F $670,000
Previous Owner Fiori Vinicius L $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2025 04/16/25 Sold $800,000 -3.0% $316 / Sq Ft
03/11/2025 03/11/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $825,000 -5.9% $326 / Sq Ft
02/26/2025 02/26/25 For Sale $877,000 +361.6% $347 / Sq Ft
03/23/2012 03/23/12 Sold $190,000 -17.4% $78 / Sq Ft View Prior Sale
02/22/2012 02/22/12 Pending -- -- --
09/23/2011 09/23/11 For Sale $230,000 -- $94 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,548 $766,600 $273,200 $493,400
2024 $7,238 $636,000 $274,500 $361,500
2023 $7,008 $573,000 $226,100 $346,900
2022 $7,082 $550,700 $213,100 $337,600
2021 $7,024 $531,300 $209,900 $321,400
2020 $7,332 $523,000 $195,400 $327,600
2019 $6,832 $484,900 $187,300 $297,600
2018 $6,730 $472,600 $177,600 $295,000
2017 $6,769 $477,000 $169,500 $307,500
2016 $5,970 $402,000 $146,900 $255,100
2015 $5,295 $391,900 $151,800 $240,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73338684

MLS Property Information Network (MLS PIN)

APN: IPSW-000030D-000060