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5 New Mill # 5, Ipswich MA 01938

Ipswich, MA 01938
$725,000
Est. $3,859/month
3
Beds
2.5
Baths
1,656
Sq Ft
$438
Price/Sq Ft
2000
Year Built
Condominium
Type
6
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73408641

About this home

Desirable Mill Place townhome near downtown Ipswich. This bright end unit welcomes you with a step-down living room, fireplace, crown moldings & large windows. The open layout on the first floor features 9-foot ceilings, a stylish updated kitchen w/cherry cabinetry, SS appliances, granite countertops, and a breakfast bar, flowing to a family/sitting room w/access to a private oversized deck for outdoor entertaining. The main level also provides direct garage entry & a 1/2 bath. Upstairs enjoy two serene bedrooms & two full baths w/stone counters, including a primary suite w/a walk-in closet. This floor also offers a flexible space for a 3rd bedroom, office/study, plus laundry. The semi-finished lower level room allows for many possibilities plus storage & utility room. Benefit from a 1-car garage & a deeded parking space. With updated systems, freshly painted interio & refinished wood floors. This professionally managed complex near town, train, parks & Crane's Beach. Move right in!

Sale Statistics

Sale Overview
Original List Price: $668,000
Final Sale Price: $725,000
Difference: +$57,000 (+8.5%)
Performance Metrics
108.5%
List to Sale Ratio
Sold above asking price
6
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $403
Sale $/sq ft: $438
This property sold for $438 per square foot
Sale Summary

This property sold for 8.5% above the original asking price, indicating strong buyer demand.

With only 6 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
2000
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,656 sq ft
Total Rooms
7
Stories
3
Entry Level
1

Interior Features

Flooring
Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Closet, Entrance Foyer, Office, Bonus Room
Laundry Features
Second Floor, In Unit
Basement Details
Y
Window Features
Insulated Windows
Door Features
Insulated Doors

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Deck - Composite
Patio/Porch Features
Deck - Composite
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Attached, Garage Door Opener, Storage, Off Street, Deeded
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Walk/Jog Trails, Conservation Area, House of Worship, Public School, T-Station
HOA Fee
$581
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,189
Tax Year
2025
Tax Assessed Value
$555,100
Tax Lot
019
Tax Block
0035
Tax Map Number
41B
Parcel Number
3995761
Zoning
RI

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Mill Place Condominium
Common Walls
End Unit
Disclosures
The town records the property as having 2 bedrooms, there is a room on the 2nd fl which is used as bedroom but has no closet. Seller has not resided in the unit. Buyer to do own due diligence. Unit owner must maintain garden area adjacent to the unit. Some rooms are virtually staged.

Location

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Neighborhood

5 New Mill # 5, Ipswich MA 01938

Ipswich, MA 01938

Walkability

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Schools

Elementary School
Doyon/Winthrop
Rating information coming soon
Middle School
Ipswich Middle
Rating information coming soon
High School
Ipswich High
Rating information coming soon

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $516
Homeowners Insurance $200
HOA Fee $581
PMI $0

Property History

Market Insights

7.9%
Price Range
7
Total Days on Market

Property Timeline

✓
Sold
Aug 19, 2025
$725,000
Property sold
Days on Market: 7
🏠
Listed for Sale
Jul 23, 2025
$668,000
Original listing
Agent: Marina Belyea Office: Compass

Price & Status History

Date Event Price Change
Jul 23, 2025 New Listing Added $668,000 —

Market Statistics

Days on Market
6 days
Price per Sq Ft
$438

Tax History

Year Taxes Assessment
2025 $6,189 $555,100

Financial Details

Annual Property Tax
$6,189
Tax Year 2025
HOA Fee
$581
Monthly
Assessed Value
$555,100

Listing Information

Listing Agent Marina Belyea
Listing Office Compass
Agent MLS ID NA900062
Office MLS ID AN6660

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