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57 East St, Ipswich, MA, 01938

2beds
2baths
2,419sqft
$974,750
$403price/sqft
$6,556/moest. monthly cost
$262,240/yrincome needed

About This Home

Opportunities like this do not come to market often. Here is your chance to own a Piece of Ipswich 1909 History -Continued Use as a Neighborhood Bakery/Restaurant/Convenience Store/Retail - a short distance to the Ipswich River. The Second Floor is a two-bedroom, One-Bath, large Living Room/Dining Room Apartment with a Private Entrance. The first floor is a Professional Industrial Kitchen, fully equipped for High-Volume Food Service—currently a Bakery serving lunch and dinner, Equipment Sold Separately. Ipswich River Boat Launch and Park are moments away. The 342 sq. ft. Out-Building was previously a bait shop and is now used for additional storage. Convenient Parking, Great Visibility, and Enormous Growth Potential. Potential to convert to 100% Residential Rentals.

Getting Around

49
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

5/10
Winthrop SchoolGrades PK-50.6 mi
7/10
Ipswich Middle SchoolGrades 6-81.3 mi
8/10
Ipswich High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1909

Materials

  • Foundation: Slab

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Finished area above ground: 2,419

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 2,419
  • Total interior livable area: 2,419 sqft

Property

Details

  • Parcel number: 1955266
  • Zoning: 0130 IR
  • Exclusions: Recipe's,Recipe Book.

Features

  • Levels: Multi/Split
  • Waterfront features: Ocean,River,Sound,Walk to,Beach Ownership(Public)

Lot

  • Lot size: 5,800 sqft

Parking

  • Total spaces: 14
  • Parking features: Paved Drive,Off Street
  • Has uncovered spaces: Yes
  • Uncovered spaces: 14

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,928$59,136
Home Insurance *$251$3,012
Property Taxes $900$10,800
Electricity $477$5,724
Total$6,556$78,672
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$224,777/yr
40% on housing$196,680/yr
45% on housing$174,826/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$403This listing

vs Other Active Listings

Avg $/sqft

ZIP 01938$395
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01938$405
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-12-06Listed for sale$975,000
2020-02-11Sold$390,000
2016-08-02Sold$400,000
1999-05-25Sold$233,000
1997-03-14Sold$165,500

For Sale by Agent

AgentThe North Shore Realty Group
BrokerageeXp Realty

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