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5 New Mill # 5, Ipswich MA 01938

Ipswich, MA 01938
$725,000
Est. $4,963/month
3
Beds
2.5
Baths
1,656
Sq Ft
$438
Price/Sq Ft
2000
Year Built
6
Days on Market
Closed Listed Jul 23, 2025 • MLS# 73408641 Copied!

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!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
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

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.

Nearby Sales Comparison

Based on 9 similar properties sold within 0.5 miles in the last 90 days

This Property
$438/sq ft
Area Average
$421/sq ft
Difference
+4.0%

This property sold slightly above the area average for similar homes.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2000
Living Area 1,656 sq ft
Bedrooms 3
Full Baths 2
Half Baths 1
Total Rooms 7

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Hardwood, Flooring - Stone/ceramic Tile, Flooring - Wall To Wall Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Second Floor, In Unit
Features Closet, Entrance Foyer, Office, Bonus Room

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck - Composite
Pool None
Spa None
Fencing None
Patio/Porch Deck - Composite

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Storage, Off Street, Deeded
Total Spaces 2

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $6,189
Assessed Value $555,100

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Closet, Entrance Foyer, Office, Bonus Room
Windows: Insulated Windows
Basement: Y
Laundry: Second Floor, In Unit
Security:

Construction & Materials

Year Built: 2000
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Composite
Patio & Porch: Deck - Composite
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Attached, Garage Door Opener, Storage, Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Walk/Jog Trails, Conservation Area, House of Worship, Public School, T-Station

Location

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Neighborhood

5 New Mill # 5, Ipswich MA 01938

Ipswich, MA 01938

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $516
Homeowners Insurance $200
HOA Fee $581/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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
Listing Data Updated Aug 21, 2025 11:45 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Ipswich, MA

Real-time market trends and pricing data for this area

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