NOT LISTED FOR SALE

37 Topsfield Rd Ipswich, MA 01938

Estimated Value: $1,304,613

6 Beds
5 Baths
3,449 Sq Ft
$378/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $910,000 $264 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $8,213/month

25 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Patio
  • Ipswich High School Rated A-

About This Home

As of July 2020

A rare opportunity to invest in this 3 unit mixed use property. It consists of 1 commercial and 2 residential units. This fully occupied dwelling is in great condition with loads of recent updates. Commercial unit is currently occupied as a beauty salon. Unit 2 is townhouse style living with 2 bedrooms and 2 baths. This home has a stunning kitchen with a Wolf range and a Sub Zero refrigerator, granite countertops and solid wood floors. Both baths are gorgeous with tile and glass shower enclosures. The laundry is accessible from the unit to the basement. This unit also has a Mitsubishi split air conditioning system and roof top deck. This is an extremely high end unit. Unit 3 is also townhouse living with 3 levels. It has 4 spacious bedrooms, 2.5 baths and a one car garage. The laundry is conveniently located on the second floor. This unit has a private patio for outdoor enjoyment. This superb location is close to the commuter rail and walking distance to town. Fabulous investment!

Last Agent to Sell the Property

Brian Castonguay

J. Barrett & Company Listed on: 05/13/2020

Last Buyer's Agent

Callie Umenhofer

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,086

Year Built

  • Built in 1890

Lot Details

  • 4,356

Parking

  • 1 Car Garage

Flooring

  • Wood
  • Tile

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Additional Features

  • Window Screens
  • Year Round Access
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:41D B:0122 L:0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,086

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 1.00
  • Insc: 2004
  • Year Built Description: Actual
  • List Price Per Sq Ft: 246.16
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Flooring: Wood, Tile
  • Total Flrs: 6
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Fbh: 4
  • Total Hbh: 1
  • No Rooms: 14
  • Basement: Y
  • Basement Features: Full, Finished, Interior Access, Sump Pump, Concrete Floor
  • Main Lo: C95243
  • Main So: C95236
  • Estimated Sq Ft: 3449.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles, Rubber
  • Exterior: Clapboard, Wood
  • Exterior Features: Deck - Roof, Patio, Gutters, Screens
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Stone/Gravel, Paved Driveway
  • Parking Spaces: 5
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewer: 1250
  • Electric Features: 220 Volts, Circuit Breakers, 100 Amps, 200 Amps, Individually Metered
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Laundromat, Highway Access, House of Worship, Public School, T-Station

Lot Info

  • Assessments: 503500.00
  • Acre: 0.10
  • Lot Size: 4211.00
  • Page: 53
  • Parcel Number: M:41D B:0122 L:0
  • Zoning: IR
  • Lot Description: Corner, Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows, Insulated Doors, Storm Doors, Prog. Thermostat

Multi Family

  • APOD Available: Yes
  • Total Levels: 6
  • Total Rent: 5250
  • Total Rms: 14
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Side by Side

Tax Info

  • Taxes: 7059.00
  • Assessor Parcel Number: 1956336

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2020
Closed on
Jun 30, 2020
Sold by
Ogiba Edwin S
Bought by
37 Topsfield Rd Llc
Seller's Agent
Brian Castonguay
J. Barrett & Company
Buyer's Agent
Callie Umenhofer
Keller Williams Realty Evolution
List Price
$849,000
Sold Price
$910,000
Premium/Discount to List
$61,000
7.18%
Total Days on Market
25
Current Estimated Value
$1,304,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,613
Avg. Annual Appreciation
7.53%

Purchase Details

Closed on
Aug 7, 1996
Sold by
61 Topsfield Road Tr
Bought by
Ogiba Edwin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.24%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
37 Topsfield Rd Llc $910,000 None Available
Ogiba Edwin S $125,000 --
Ogiba Edwin S $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ogiba Edwin S $115,000
Previous Owner Ogiba Edwin S $25,000
Previous Owner Ogiba Edwin S $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $910,000 +7.2% $264 / Sq Ft
06/07/2020 06/07/20 Pending -- -- --
05/13/2020 05/13/20 For Sale $849,000 -- $246 / 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 $11,086 $994,300 $268,700 $725,600
2024 $10,924 $959,900 $269,900 $690,000
2023 $10,772 $880,800 $222,300 $658,500
2022 $10,706 $832,500 $209,600 $622,900
2021 $7,089 $536,200 $206,400 $329,800
2020 $7,059 $503,500 $192,100 $311,400
2019 $6,542 $464,300 $184,200 $280,100
2018 $6,281 $441,100 $174,700 $266,400
2017 $6,309 $444,600 $166,700 $277,900
2016 $5,511 $371,100 $144,500 $226,600
2015 $4,878 $361,100 $149,200 $211,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72663439

MLS Property Information Network (MLS PIN)

APN: IPSW-000041D-000122