57 East Street, Ipswich MA 01938
Ipswich, MA 01938
$975,000
$974,750
Est. $5,518/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Take-Out Restaurant - 2-Bedroom Apartment - OUTSTANDING OPPORTUNITY: Opportunities like this rarely come to market. Here is your chance to own a Piece of Ipswich 1909 history- as a Neighborhood Bakery/Restaurant/Convenience Store/Retail - a short distance to the Ipswich River. The Second Floor is a two-bedroom, one-bath apartment with a large Living Room/dining room and 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. Ipswich River Boat Launch and Park are moments away. The 342 sq. ft. Outbuilding was previously a bait shop and now serves as additional storage. Convenient Parking, Great Visibility, and Enormous Growth Potential. Potential to convert to 100% Residential Rentals.** TAKE-OUT RESTAURANT FOR LEASE AS WELL **
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Recently Sold Nearby
Price & Status History
Market Insights
1
Price Changes
0%
Price Range
Property Timeline
Showing Instructions Updated
Oct 24, 2026
New showing requirements
Showing Instructions Updated
Aug 23, 2026
New showing requirements
Price Reduced
Jun 2, 2026
$974,750
$250
(-0.03%)
From $975,000 to $974,750 (-0.0%)
Listed for Sale
Dec 6, 2025
$975,000
Original listing
Agent: The North Shore Realty Group
Office: eXp Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/24/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 08/23/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 06/02/2026 | ↓ Price Reduced | $974,750 | $250 | - | From $975,000 to $974,750 (-0.0%) |
| 12/06/2025 | 🏠 Listed for Sale | $975,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,672 | $433,350 |
Financial Details
Annual Property Tax
$4,672
Tax Year 2026
Assessed Value
$433,350
Facts & Features
Home Facts
Type
Residential
Style
Single Family Residence
Year Built
1909
Living Area
2,419 sq ft
Lot Size
0.13 acres
Bedrooms
2
Full Baths
1
Half Baths
1
Total Rooms
8
Interior
Heating
Baseboard
Cooling
Window Unit(s)
Flooring
None
Appliances
Gas Water Heater
Fireplace
None
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
Deck, Patio, Storage
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Patio
Parking
Has Garage
Yes
Features
Detached, Storage, Paved Drive, Off Street
Total Spaces
14
Utilities
Electric
220 Volts, Circuit Breakers, 200+ Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$4,672
Assessed Value
$433,350
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Buyer And Buyers Agent To Do Due Diligence. Buyer And Buyers Agent To Do Due Diligence. ** Take-out Restaurant For Lease As Well **
Exclusions
Recipes, Recipe Book.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Sq Ft Disclosures
Living Area includes the First Floor Retail Store/Bakery
Documents
None
County
Essex
Total market time (incl. prior listings)
322 days
Property Overview
Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1909
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
2,419 sq ft
Total Rooms
8
Levels
Multi/Split
Floor Layout
Interior Features
Flooring:
Appliances:
Gas Water Heater
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Year Built:
1909
Structure Type:
Exterior Materials:
Frame
Roof:
Foundation:
Slab
Utilities & Systems
Heating:
Baseboard
Heating Zones:
2
Cooling:
Window Unit(s)
Cooling Zones:
2
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Deck, Patio, Storage
Patio & Porch:
Deck, Patio
Fencing:
Other Structures:
Lot Features:
Level
Road Surface:
Paved
Parking & Garage
Total Parking Spaces:
14
Parking Features:
Detached, Storage, Paved Drive, Off Street
Special Features
View:
Yes
View Type:
Scenic View(s)
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Conservation Area, Marina, Public School, T-Station, Sidewalks
Nearby Schools
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
Elementary Schools
3 schools
A-
Winthrop School
0.5 mi
|
#192 of 825
|
Score: 55.2
Dropped 153 spots from last year
-3 below state avg
356 students
Moderate
Strong Attendance
Grades PK-05
A+
Paul F Doyon Memorial School
2.8 mi
|
#78 of 825
|
Score: 60.3
Improved 45 spots from last year
+2.1 above state avg
371 students
Less Diverse
Rising School
Strong Attendance
Grades PK-05
B+
Pine Grove School
3.3 mi
|
#316 of 825
|
Score: 50.2
Dropped 144 spots from last year
-8 below state avg
454 students
Less Diverse
Strong Attendance
Grades PK-06
Middle Schools
3 schools
A-
Ipswich Middle School
1.2 mi
|
#98 of 352
|
Score: 49.8
Improved 3 spots from last year
-8.4 below state avg
350 students
Moderate
Strong Attendance
Grades 06-08
North Shore Montessori School, Inc.
3.8 mi
Grades 01-06
A
Miles River Middle School
3.9 mi
|
#54 of 352
|
Score: 55.9
Dropped 28 spots from last year
-2.3 below state avg
396 students
Less Diverse
Strong Attendance
Grades 06-08
High Schools
3 schools
A+
Ipswich High School
1.2 mi
|
#35 of 346
|
Score: 70.1
Improved 27 spots from last year
+11.9 above state avg
432 students
Moderate
19 sports
• 1,184 athletes
Strong AP Program
High Graduation Rate
Rising School
College Ready Curriculum
Grades 09-12
A+
Hamilton-Wenham Regional High School
3.9 mi
|
#33 of 346
|
Score: 70.3
Dropped 3 spots from last year
+12.1 above state avg
457 students
Less Diverse
19 sports
• 1,310 athletes
Strong AP Program
High Graduation Rate
College Ready Curriculum
Strong Athletics
Grades 09-12
Pingree School
4.0 mi
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%
Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$389
Homeowners Insurance
$200
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
$0
Total principal paid
$0
Total interest paid
$0
Rate Impact
-0.5% Rate
$0/mo
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.
Location
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Neighborhood
57 East Street, Ipswich MA 01938
Ipswich, MA 01938
Listing Information
Listing Agent
The North Shore Realty Group
Listing Office
eXp Realty LLC
Office Phone
888-854-7493
Agent MLS ID
TM309913
Office MLS ID
AN8613
Listing Data Updated
Oct 24, 2026 8:32 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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