Market Info

Ipswich Home Sales 2019 to Date

Property Transfers in Ipswich, MA 1/1/19-5/8/19

Single Family Sales – Ipswich MA

Address                                                           Bdrms,  Full Bath, Half Bath  List Price         Sale price

52           Bunker Hill Rd                                    3              1              0              595000.00            610000.00

3              Abell Ave                                           3              2              0              399000.00            375000.00

8              Paradise Road                                  3              1              0              389000.00            380000.00

8              Charlotte Road                                  3              1              1              459000.00            455000.00

122         High Street                                         3              1              1              389900.00            389900.00

146         Topsfield Rd                                       3              1              0              329900.00            360000.00

18           Mount Pleasant                                  2              2              0              415000.00            420000.00

30           Island Park Road                               2              1              0              615000.00            580000.00

33           Broadway Ave                                   3              1              0              379000.00            380000.00

7              Newbury Rd                                     3              2              0              415900.00            403000.00

10           Putnam Rd                                        3              1              1              519000.00            480000.00

43           Topsfield Rd                                      3              2              0              439900.00            400000.00

29           Linebrook Rd                                    3              1              1              285000.00            285000.00

20           Maple Avenue                                   3              1              1              429000.00            395000.00

18           Birch Ln                                             3              1              1              429000.00            429000.00

16           Dornell Rd                                         3              1              0              409000.00            418000.00

20           Stage Hill Rd                                     2              1              0              385000.00            350000.00

19           James Road                                      3              2              0              459000.00            462000.00

88           ARGILLA ROAD                                3              1              1              560000.00            544000.00

26           Manning St                                        3              1              1              459000.00            509000.00

53           High Street                                        4              2              0              450000.00            410000.00

78           Clark Rd                                            2              3              0              995000.00            900000.00

8              Adeline Rd                                       3              2              1              639900.00            630000.00

27           Plains Rd                                           3              1              1              539900.00            540000.00

36           North Ridge Road                              2              2              0              839900.00            839000.00

24           High Street                                         3              2              1              624900.00            608000.00

72           Mile Ln                                               2              2              0              599000.00            599000.00

411         Linebrook Rd                                     5              2              0              509000.00            525000.00

14           Heartbreak Road                               3              2              1              479000.00            456000.00

165 – 169 Topsfield Road                                 6              2              1              768000.00            740000.00

350         Linebrook Road                                 3              2              2              599000.00            605000.00

4              Merganser Rd                                   4              3              0              1199000.00          1100000.00

11           Pineswamp Rd                                   4              2              1              649900.00            640000.00

52           North Main Street                               4              2              2              699000.00            680000.00

30           Plains Rd                                            3              2              1              694900.00            670000.00

22           Moray Ln                                             3              3              1              880000.00            860000.00

25           Howe St                                               3              3              1              599000.00            585000.00

153         Argilla Rd                                             4              3              1              1300000.00          1230000.00

16           Mill Rd                                                  3              2              0              669000.00            630000.00

13           Spring Street                                        4              2              0              960000.00            960000.00

8              Choate Lane                                       3              2              1              699000.00            656000.00

7              Labor In Vain Rd                                 5              3              1              1075000.00          1110000.00

5              Greens Point Road                             3              4              3              1065000.00          1085000.00

65           The Fairways                                       3              3              1              735000.00            720000.00

158         Country Club Way                                3              2              1              820000.00            800000.00

15           Hawk Hill Ln                                         3              2              2              825000.00            768000.00

50           Choate Lane                                        4              3              1              1290000.00          1185000.00

9              Southpoint Ln                                      4              3              1              820000.00            805000.00

9-11       Lakeman's Lane                                    5              4              1              1075000.00          1110000.00

Condominium Sales - Ipswich MA

35           County Street    6                                 1              1              0              175000.00            165000.00

79           Central Street    2                                 1              1              0              242000.00            239000.00

27-29     Topsfield Road  4                                  2              1              0              239000.00            232000.00

33-14     Mt. Pleasant Street                               2              1              1              309900.00            310000.00

15-6       Green   6                                              2              1              1              249900.00            250000.00

302         Lilac Meadows Way                             3              1              1              320000.00            310000.00

31-2       Estes Street                                          2              1              1              375000.00            360000.00

400-57   Colonial Drive                                       2              2              1              289900.00            310000.00

100-4     Central St                                              2              1              1              309900.00            310000.00

400-65   Colonial Drive                                        2              2              1              309000.00            309000.00

6-15       Essex Rd                                               2              2              1              450000.00            435000.00

401-25   Colonial Drive                                        2              2              1              359000.00            352500.00

7              Highland Avenue                                 3              2              1              555000.00            555000.00

88-2       Central St                                              3              2              0              374900.00            378000.00

401-15   Colonial Drive                                       3              2              1              374900.00            370000.00

2              Peabody Street                                   3              2              1              429000.00            416500.00

7-5          Willowdale Circle5                               3              2              1              769900.00            867968.00

Multi-Family Sales - Ipswich MA

54-56     N Main St                                              3              3              0              474900.00            457000.00

9              County St                                            4              2              0              414000.00            363000.00

4              East St                                                3              3              0              645000.00            640000.00

118         High St                                                 7              3              1              515000.00            500000.00

64 & 66 County Road                                         6              3              1              450000.00            400000.00

19           N Main St                                             10           8              4              1345000.00          1200000.00

Commercial Sales - Ipswich MA

35           Mitchell Rd                                                                                         895000.00            800000.00

Don't Sell Your House Without Reading This First!

This just may be one of the best quotes I've read in my 33 years of being in real estate... “Just because you know a realtor doesn’t mean they’ll do the right job for you,’’ Presti said. “They may not be working full time in the business or have the right experience for selling the type of property you want to sell or they may not be committed enough to put your needs first.’’  "In fact, an experienced agent, if you listen to their counsel, can help you avoid most of these mistakes, save for one: picking the wrong one in the first place."

There are a lot of "realtors" with real estate licenses these days but it takes much more than a license to be a REALTOR®. Boston.com's article on The Things Home Sellers Do That Can Turn Off a Buyer or Kill a Sale hits the nail on the head! Great read if you're thinking about selling your home now or ever! 

Windhill's real estate advisors are experienced and willing to answer any questions you might have about the home buying or selling process. 

New Short-Term Rental Laws in Massachusetts

New Short-Term Rental Laws in Massachusetts Q&A


Massachusetts adopted a new law taxing and regulating the short-term rental market. The following information should help Realtors® navigate the short-term rental market under these new laws and regulations. For additional information, see the Department of Revenue's FAQ page.  

What does this new law require? 
The new law expands the state's hotel and motel tax to include the short-term rental of homes (condominiums, single family, multifamily, etc.). Massachusetts is one of the last states to adopt this type of tax. The tax applies to all rentals for a period of 31 days or less, regardless of whether the rental is for recreational, personal, or business use. At the insistence of MAR, the new law only applies to short-term rentals, meaning ordinary tenancies, such as an annual lease or a tenancy-at-will, are not covered by this bill. 

Tax Structure
The short-term rental rate varies by locality and is the total of the following rates: 

  • State: 5.7%
  • Local: up to 6% (Boston 6.5%) Look up your city/town's local tax rate here.
  • Cape Cod & Islands: includes additional 2.75% to fund Cape Cod and Islands Water Protection Fund 
  • A community impact fee of up to 3% may be assessed locally on professionally managed properties (Owners of two or more units in one town).

The law requires regulations to minimize the administrative burden on tax filings for those who only rent their unit five (5) months or less each year. 

Are there any exemptions in the law?
The tax imposed by the new law does not apply to properties rented for fourteen (14) days or less per calendar year. It is important to note that these properties are still subject to the other requirements of the law, such as insurance and registration. 

When will this law take effect? 
Rental contracts that were signed on or after January 1, 2019 for stays on or after July 1, 2019 will be subject to the tax. We anticipate that the Department of Revenue will issue guidance on how to handle the tax on bookings made on or after January 1, 2019. The law exempts from tax any 2019 rental contract that was completed on or before December 31, 2018.  

Does this apply to the units I rent? 
As stated above, the new law applies to all rentals for a period of 31 days or less. Ordinary rentals, such as an annual lease or a tenancy-at-will are not covered. The new law applies regardless of whether the owner rents the property themselves, hires a Realtor® to rent the property, or uses an online platform to facilitate the rental. 

Do I need to collect the tax? 
Most likely, yes. The tax must be paid on or before the 20th day of the month following the month in which it is due. DOR will issue regulations to clarify this process. 

Do I need to carry insurance for the listed properties? 
Owners are required to maintain $1 million dollars in liability insurance to cover each short-term rental as of July 1, 2019. The coverage is required to defend and indemnify the owner or operator and any tenants in the building for bodily injury and property damage. 

Do the properties need to be registered with the state or city/town? 
Each rental unit will need to be listed with the state short-term rental registry. Additionally, each city and town is permitted to create a registration requirement for short term rentals. Check with your municipal government office for details. 
 
Are there any inspections required? 
Cities and towns may implement a health and safety inspection requirement and set the frequency of inspections. Short-term rental operators are required to cover the cost of inspections and will likely face a fee to cover registration costs as well. 
 

Thank you to the Masschusetts Association of Realtors for providing this important information.

Are you prepared for rising mortage interest rates?

"The Fed had been raising interest rates slowly for two years, but the strong numbers suggested it might keep doing so — and at a faster rate than before. Fed Chairman Jerome Powell added to those fears in October with comments suggesting more hikes were coming." 
Read the full NPR article here on the stock market and hints as to how it will affect interest rates and homeownership

Thinking about buying or selling? Take advantage of our 200+ years of cumulative expertise. Contact one of our real estate professionals! Interested in speaking with one of our trusted lenders to get the latest on mortgage rates and trends, click here.

Comments

  1. No comments. Be the first to comment.

Thinking About Buying or Selling Real Estate - You Need to Read This.

Thinking about buying or selling? Either way, unless your next step is renting, you will want to read this...

Mortgage rates are at their highest levels in 4+ years and there's potential for further increases this year. The National Association of REALTORS® shared a relatable example of what this could mean for the average mortagee: On a $300,000 house with a 30-year fixed-rate mortgage and 20 percent down payment, the difference between a 4 percent and 5 percent mortgage rate is $142 a month. Calculated over the life of the loan, that is more than an extra $51,000. Read the full article here.

Looking for direction? Reach out to us any time 978-356-8922 info@WindhillRealty.com. Our team is prepared to answer any questions you 

The Truth in Numbers - Ipswich MA Real Estate Market

The media has a lot to say about the current real estate market. It's true; we are seeing multiple offers and bidding wars on certain properties north of Boston. The interesting reality, here in our small corner of the country, is that things look quite similar year-to-date this year as they did last year. Note that the days on market is a smaller window, which makes sense, meaning listings are getting snagged quicker which is condusive to a spring (fever) market. 

 

Feelin' Groovy About this Mid-Century Modern Home for Sale in Ipswich, MA

"Midcentury modern homes never go out of style." We agree! Here's the 10 Best Mid-Century Modern Homes of 2017 according to Lauren Ro of curbed.com but they haven't seen our 'cherry' listing in Ipswich, MA yet! It's FAR OUT! Charles and Ray Eames, Herman Miller, and George Nelson along with Knoll, Room and Board, Crate & Barrel and Restoration Hardware have all become synonymous with everything mid-century modern. The clean lines, organic curves and geometric forms are unique to the style. Here's your rare opportunity to live the mid century modern dream! Call for a private showing 978-356-8922. Take the full mid-century modern tour of this unique and inspirational home for sale in Ipswich, MA

Selling Your North of Boston Home in 2018 ? Spring, Summer or Fall? When is Best?

Is the window of opportunity for Sellers really narrowing? I've read multiple articles pointing to that idea but I'm on the fence. Is there truth to this or is the intent to drive the severely lacking inventory? Regardless, if you're thinking 2018 is the year you make a move, buying or selling or both, I want you to have as much information as possible. Timing is everything in this business. Chatting with one of our preferred lenders the other day, Susan Dick of Fairway Mortgage, I learned that rates are gently climbing and the trend suggests it will continue. 

Predictions say inventory will remain tight this Spring but that things will change by fall. Read the full article from Realtor.com and 5 reasons it'll pay to sell your home early in 2018. I'm still on the fence about what the future holds but I can tell you for certain, right now is a great time for sellers to sell. The bidding wars are not a myth here on the North Shore, North of Boston. Get referrals from family & friends. Ask around. Find a trusted agent who works in the communities you have your heart set on. Our agents have been servicing Essex County and the North Shore for 30+ years. The testimonials speak volumes! Take a look!

Comments

  1. No comments. Be the first to comment.