Active Under Contract
9 Days on market
4 Chestnut Street Ipswich — Photo 1 of 36

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.

View Standard Listing

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

Original Price$985,000
Annual Taxes$10,056

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms9
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Hardwood, Laminate, Flooring - Stone/Ceramic Tile
BasementFull, Finished, Walk-Out Access, Interior Entry, Garage Access

Climate & Utilities

HeatingCentral, Forced Air, Propane, Hydro Air
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningRRA

Property & Lot

Acres1.18
SqFt Lot51,401
Lot FeaturesGentle Sloping

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

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1Bathroom 2
First
Bathroom 3
Basement
Family Room
Main,First
Living RoomDining RoomKitchen
Main
Office
Living Room
Lvl Main,First

13 x 23

Flooring - Wall to Wall Carpet, Recessed Lighting, Remodeled

Dining Room
Lvl Main,First

12 x 17

Flooring - Hardwood

Kitchen
Lvl Main,First

12 x 27

Flooring - Stone/Ceramic Tile, Open Floorplan, Recessed Lighting

Office
Lvl Main

12 x 13

Flooring - Hardwood, Recessed Lighting

Family Room
Lvl Basement

19 x 13

Flooring - Laminate, Open Floorplan, Recessed Lighting, Remodeled, Slider

Master Bedroom
Lvl Second

12 x 17

Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

12 x 13

Bedroom 3
Lvl Second

12 x 13

Closet, Flooring - Wall to Wall Carpet, Recessed Lighting

Bedroom 4
Lvl Second

12 x 10

Closet, Flooring - Wall to Wall Carpet, Attic Access, Recessed Lighting

Bathroom 1
Lvl Second

9 x 9

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

7 x 9

Bathroom - Full, Closet - Linen, Flooring - Stone/Ceramic Tile

Bathroom 3
Lvl First

5 x 9

Bathroom - Half, Closet - Linen, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Julia Virden

Listing Office: J. Barrett & Company

MLS® Number: 73571458