5 New Mill # 5, Ipswich MA 01938

Ipswich, MA 01938
$725,000
3
Beds
2.5
Baths
1,656
Sq Ft
$438
Price/Sq Ft
2000
Year Built
1
Garage Space
6
Days on Market
Sold Listed Jul 23, 2025 • MLS# 73408641 Copied! • Updated Aug 21, 2025

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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 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$438/sq ft
Area Median
$382/sq ft
Difference
+14.7%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

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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Recently Sold Nearby

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

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

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
Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Storage, Off Street, Deeded
Total Spaces 2
Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax $6,189
Assessed Value $555,100

HOA & Community

HOA Fee $581 Monthly
Fee Includes Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities None
Optional Fee Includes None
Seller 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.
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building 5
Sq Ft Source Public Record
Sq Ft Disclosures 3rd bedroom/office does not have a closet.Floor plans for marketing purposes dimensions approximate.
Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws (4)
County Essex
Total market time (incl. prior listings) 7 days

Property Overview

Property Type
Condominium
Listing Type
Sold
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

Floor Layout

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
School District
Ipswich School District local
A-
School Safety 2024-25
0.9% Low
0.9% Suspensions 0.8% In-School
4.6% below state avg
E

Elementary Schools

2 schools
A-
Winthrop School
0.5 mi | #197 of 824 | Score: 55.2
Dropped 158 spots from last year
-3.1 below state avg
373 students Moderate
Strong Attendance
Grades PK-05
A
Paul F Doyon Memorial School
1.9 mi | #90 of 824 | Score: 59.8
Improved 33 spots from last year
+1.6 above state avg
366 students Moderate
Rising School Strong Attendance
Grades PK-05
M

Middle Schools

1 school
A-
Ipswich Middle School
0.8 mi | #93 of 352 | Score: 50.4
Improved 8 spots from last year
-7.8 below state avg
377 students Moderate
Strong Attendance
Grades 06-08
H

High Schools

1 school
A+
Ipswich High School
0.8 mi | #36 of 346 | Score: 69.6
Improved 26 spots from last year
+11.4 above state avg
447 students Moderate
19 sports • 1,184 athletes
Strong AP Program High Graduation Rate Rising School College Ready Curriculum
Grades 09-12
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Location

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Neighborhood

5 New Mill # 5, Ipswich MA 01938

Ipswich, MA 01938

Listing Information

Listing Office Compass
Office Phone 781-386-0624
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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