Active
3 Days on market
51 Topsfield Rd Ipswich — Photo 1 of 40

51 Topsfield Rd Ipswich — Photo 1 of 40

$895,000

Investment Analysis — 51 Topsfield Rd

Ipswich, MA 01938

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01938 carries an estimated $3,390/mo in gross rent — about a 2.70% cap rate and $24,134/yr in estimated NOI at the $895,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,091

Style

Single Family

Built

1920

Beautifully updated from roof to basement since 2020, This 1926 Colonial blends historic character with thoughtful modern upgrades throughout. The driveway and full fenced backyard of the home, off of Farley Ave, incorporated in this idyllic neighborhood— yet it's a a quick jaunt ( 0.03 miles) from the MBTA commuter rail and downtown Ipswich, putting shops, restaurants, and the train into Boston within easy reach. The heart of the home is a stunning kitchen featuring granite countertops, radiant heat tile flooring, and updated appliances, flowing seamlessly into a sun-drenched 2020 addition with slate flooring and a cozy gas fireplace. Complemented by a charming dining room with custom built-ins. Four spacious bedrooms, second floor laundry and two and a half beautifully renovated baths span three finished levels, including a private third-floor retreat with new plank flooring and dual closets. Outside, professionally landscaped lot with a rebuilt front and back deck, six-person hot tub, paved driveway, and Reeds Ferry shed. With major systems updated and a finished basement bonus room, this move-in-ready Colonial offers the perfect balance of timeless charm, walkable convenience, and worry-free living in the heart of Ipswich.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,091 sq ft principal dwelling). Lot size: 7,620 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$895,000
Annual Taxes$6,783

Parking

Garage0
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces1
FlooringTile, Marble, Hardwood, Stone / Slate
BasementPartially Finished

Climate & Utilities

HeatingNatural Gas
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
RoofShingle, Rubber, Metal
FoundationConcrete Perimeter
ZoningIR

Property & Lot

Acres0.17
SqFt Lot7,620
Lot Features--

Amenities & Appliances

Tankless Water Heater • Dishwasher • Refrigerator • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Conservation Area

Geography

Listing Provided By

Listing Agent: Charlotte Luber

Listing Office: Compass

MLS® Number: 73576980