**Fantastic Investment Opportunity in Downtown Ipswich!**Discover an incredible chance to develop a five-unit condominium complex in the heart of downtown Ipswich. This shovel-ready project comes with all necessary approvals in hand, making it an unbeatable opportunity for savvy investors and developers. Located just a stone's throw from the train station, this project offers unparalleled convenience for commuters. Residents will enjoy easy walkability to downtown restaurants, shops, and the renowned Crane Beach. Ipswich's prime location, not far from Boston, enhances its appeal for those seeking a balance between urban access and serene living. Ipswich is a highly desirable place to live, known for its vibrant community and excellent amenities. Don’t miss out on this prime development opportunity in one of the most sought-after areas! Contact us today to learn more.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty Evolution
Listing Agent: Elizabeth Smith
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.55 Acres
Other
Directions Information:
Directions: Ipswich Rd to Topsfield Rd to Market St.
Price Information
Listing Price Info
Price Summary:
List Price: $1,100,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Ipswich, MA.
This property is $350K more than the Median Sold Price in Ipswich, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73252199
Listing Office:
Office Name: Keller Williams Realty Evolution
Listing Agent: Elizabeth Smith
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 8:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$5,558
Per Month
Principal & Interest
$5,491
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,364
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Winthrop
65 Central St
Distance between this listing and this school0.31 miles
Public District Grades PK-5
6
/10
Paul F Doyon Memorial
216 Linebrook Rd
Distance between this listing and this school2.22 miles
Public District Grades KG-5
8
/10
Pine Grove School
191 Main St
Distance between this listing and this school3.22 miles
Public District Grades PK-6
Nearby Schools
8
/10
Ipswich Middle School
130 High St
Distance between this listing and this school0.93 miles
Public District Grades 6-8
9
/10
Miles River Middle School
787 Bay Rd
Distance between this listing and this school3.40 miles
Public District Grades 6-8
7
/10
Triton Middle School
112 Elm St
Distance between this listing and this school6.12 miles
Public District Grades 7-8
Nearby Schools
7
/10
Ipswich High School
134 High St
Distance between this listing and this school0.93 miles
Public District Grades 9-12
8
/10
Hamilton Wenham Regional High School
775 Bay Rd
Distance between this listing and this school3.46 miles
Public District Grades 9-12
6
/10
Triton High School
112 Elm St
Distance between this listing and this school6.09 miles
The neighbors living near this home have an average income of $64,209. The most common annual income of people living in Ipswich, MA is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 50-56 Market St
What is the listing price of this property?
The listing price of 50-56 Market St property is $1,100,000.
What type of property is this?
The property 50-56 Market St is land located in Ipswich, Massachusetts, 01938.
Is this property for sale now?
Active Listing: 50-56 Market St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 50-56 Market St in Ipswich, MA and zip code 01938. This home sits on a 0.55 acre lot. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $1,100,000.
In October 2024, from all listings sold in Ipswich, MA there were more than 6 sold above asking price, over 3 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Ipswich, MA decreased by 13.3% between September 2024 and October 2024. In October 2024 median list price was $750,000 and the average listing age was 22 days.
From Rocket Homes Real Estate and based on county public records data.