
4 Chestnut Street Ipswich — Photo 1 of 36
$985,000
Investment Analysis — 4 Chestnut Street
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 2.12% cap rate and $20,861/yr in estimated NOI at the $985,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3.5
SqFt
3,332
Style
Single Family
Built
1999
Privately sited at the end of a cul-de-sac in a premier Ipswich neighborhood, this lovingly maintained 4 bedroom 3 ½ bath Colonial offers an exceptional combination of comfort, privacy, and tremendous versatility. The current owners have thoughtfully cared for the property and completed numerous updates and improvements, creating a truly move-in-ready home. The inviting living room features high ceilings, oversized windows, and a propane gas fireplace that serves as a natural focal point. The spacious eat-in kitchen is well-appointed with wood cabinetry and tile flooring. The open kitchen flows seamlessly into a light infused sunroom, surrounded by walls of windows with direct access to the patio, overlooking the beautifully landscaped private grounds and gardens. A home office, generous dining room, half bath, and laundry area complete the first floor. Upstairs, the generous primary suite provides a peaceful retreat accompanied by three additional bedrooms and a full bath with double vanity sinks. An oversized walk-up attic also offers tremendous storage space. The finished lower level, conveniently accessed from the two-car garage, provides exceptional flexibility with additional living space, including a second home office, entertainment room, full bath, and spacious mudroom. The two-car garage has ample room for vehicles, a workbench, and additional storage. From the main living spaces, step outside to a welcoming patio with a designated outdoor fireplace and swing set. Beyond, the expansive private yard offers abundant space for entertaining, relaxing, gardening, and exploring. Nature lovers will appreciate the adventures awaiting where the home owners have built a fenced-in area providing a wonderful setting for chicken and ducks. The sellers are willing to leave the chicken coop and duck house for the next owners to enjoy. With its private setting, generous living spaces, finished lower level, expansion potential, and enchanting outdoor spaces, this special Ipswich property offers an ideal blend of everyday living and room to grow.
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 3,332 sq ft principal dwelling). Lot size: 51,401 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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Electric Water Heater • Range • Oven • Microwave • Dryer • ENERGY STAR Qualified Refrigerator • ENERGY STAR Qualified Dishwasher • ENERGY STAR Qualified Washer
Neighborhood
Park • Walk/Jog Trails • Stable(s) • Golf • Bike Path • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First13 x 23
Flooring - Wall to Wall Carpet, Recessed Lighting, Remodeled
Dining Room
Lvl Main,First12 x 17
Flooring - Hardwood
Kitchen
Lvl Main,First12 x 27
Flooring - Stone/Ceramic Tile, Open Floorplan, Recessed Lighting
Office
Lvl Main12 x 13
Flooring - Hardwood, Recessed Lighting
Family Room
Lvl Basement19 x 13
Flooring - Laminate, Open Floorplan, Recessed Lighting, Remodeled, Slider
Master Bedroom
Lvl Second12 x 17
Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet
Bedroom 2
Lvl Second12 x 13
Bedroom 3
Lvl Second12 x 13
Closet, Flooring - Wall to Wall Carpet, Recessed Lighting
Bedroom 4
Lvl Second12 x 10
Closet, Flooring - Wall to Wall Carpet, Attic Access, Recessed Lighting
Bathroom 1
Lvl Second9 x 9
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second7 x 9
Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile
Bathroom 3
Lvl First5 x 9
Bathroom - Half, Closet - Linen, Flooring - Stone/Ceramic Tile
Listing Agent: Julia Virden
Listing Office: J. Barrett & Company
MLS® Number: 73571458
