37 Topsfield Rd

Ipswich, MA 01938

$910,000
Last Sold Price
6
Beds
3,449 Sq. Ft.
$264 / Sq. Ft.
3,449
Sq. Ft.
$264
per Sq. Ft.
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Sold 7/1/20
Sold 7/1/20

Description

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....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!
  1. Listed by Brian Castonguay • J. Barrett & Company

Property Details for 37 Topsfield Road

Town
Ipswich
Area
MA-Ipswich
Garage Spaces
1
Open Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 08/06/2022 07:25 AM

Property Details for 37 Topsfield Road

StatusSold
MLS #72663439
Days on Market39
Taxes$7,059 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 3 Family - 3 Units Side by Side
Year Built1890
CountyEssex County
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Location

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Building Information for 37 Topsfield Road

Stories6Residences3Year Built1890Building Size-Lot Size0.10 AC / 4,211 SF

Payment Calculator

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$5,123 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,535

Property Taxes

$588

HOA Dues

$0

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Property Information for 37 Topsfield Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Laundromat, Highway Access, House of Worship, Public School, T-Station, Sidewalks
  • Current Financing: Cash
  • Living Area: 3449.0
  • Color: Grey
  • Total Units: 3
  • Property Condition: Unit 2 Remodeled, Unit 3 Remodeled
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Tankless Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Basement Features: Full, Finished, Interior Access, Sump Pump, Concrete Floor
  • Num of Baths: 5.0
  • Num of Full Baths: 4
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 4.50
  • Bathrooms Total Integer: 5
  • DoorFeatures: Insulated Doors, Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Unit 1(undefined), Unit 2(Tile Floor, Hardwood Floors, Wood Flooring), Unit 3(Tile Floor, Hardwood Floors)
  • Interior Features: Unit 1(Ceiling Fans), Unit 2(Ceiling Fans, Upgraded Cabinets, Upgraded Countertops, Bathroom with Shower Stall, Open Floor Plan, Internet Available - Unknown), Unit 3(Ceiling Fans, Storage, Bathroom With Tub & Shower, Slider, Unit 1 Rooms(Other (See Remarks)), Unit 2 Rooms(Living Room, Dining Room, Kitchen), Unit 3 Rooms(Living Room, Kitchen, Family Room)
  • Laundry Features: Washer Hookup, Unit 2 Laundry Room, Unit 3 Laundry Room
  • Window Features: Insulated Windows, Screens
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Screens, Deck - Roof, Patio
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Deck - Roof, Patio
  • Roof Material: Shingle, Rubber
  • Waterfront Features: Beach Front, Bay, Harbor, Ocean, Beach Ownership(Public)
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Tandem, Stone/Gravel, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Tandem, Stone/Gravel, Paved Driveway
  • Parking Features: Off-Street, Tandem, Stone/Gravel, Paved Driveway
Utilities
  • Cooling: Unit 1(Central Air), Unit 2(Ductless Mini-Split System), Unit 3(Ductless Mini-Split System)
  • Cooling: Yes
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service, 200+ Amp Service, Individually Metered
  • Green Energy Efficient: Thermostat
  • Heating: Unit 1(Forced Air, Gas), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Disclosures: 1 Commercial unit and 2 Residential units. Town of Ipswich has property listed as a 3 unit dwelling. Buyer to do due diligence for additional uses of property.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:41D B:0122 L:0,1956336
  • Assessments: $503,500
  • Book: 13698
  • Tax Year: 2020
  • Zoning: IR
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Accessibility Features: Unit 2 Handicapped Equipped
  • Foundation: Stone
Income / Expenses
  • Electricity: $.00
  • Annual Expenses Source: Owner
  • GOI: $63,000.00
  • Gross Scheduled Income: $1,000.00
  • Insurance: $2,004.00
  • GRE: $12,563
  • HTE: $0
  • MGF: $0
  • MSE: $0
  • RFS: $0
  • RME: $0
  • NOI: $50,437.00
  • Operating Expense: $12,563.00
  • WSE: $2,500.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 2
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 3
Rental Info
Rental Info
  • Total Actual Rent: $5,250.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 37 Topsfield Road

DateEvent & SourcePriceAppreciation
Jul 1, 2020

Sold

MLS PIN #72663439

$910,000—
Jun 4, 2020

Under Agreement

MLS PIN #72663439

—
Jun 4, 2020

Contingent

MLS PIN #72663439

—
DateEvent & SourcePrice
07/01/2020

Sold

MLS PIN #72663439

$910,000
06/04/2020

Under Agreement

MLS PIN #72663439

—
06/04/2020

Contingent

MLS PIN #72663439

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 37 Topsfield Road

Taxable ValueLand$268,700Additions$725,600Total$994,300
Tax Record2025$11,086 ($924 / month)
Home Facts
Baths2.5Total Finished SqFt3,449 SqFtAbove Grade Finished SqFt3,449 SqFtUnfinished Basement SqFt1,704 SqFtStories2Lot Size4,210 SqFtStyleOffice BuildingYear Built1890ZoningIRCountyESSEXAPNIPSW M:41D B:0122 L:0Fireplace TypeHas Fireplace

Schools near 37 Topsfield Road

This home is within Ipswich School District.
Rating
School
Type
Grades
Distance
Winthrop School
Public - PK to 5
Ipswich Middle School
Public - 6 to 8
Ipswich High School
Public - 9 to 12
Paul F Doyon Memorial
Public - PK to 5
Rating
School
Distance
Winthrop School
PublicPK to 5

Ipswich Middle School
Public6 to 8

Ipswich High School
Public9 to 12

Paul F Doyon Memorial
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of J. Barrett & Company, Brian Castonguay

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.