Investment Analysis — 3 Jutland Way

Ipswich, MA 01938 — Great Neck

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 1.00% cap rate and $16,913/yr in estimated NOI at the $1,699,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

2.5

SqFt

2,370

Style

Single Family

Built

1991

Welcome to 3 Jutland Way on Great Neck—a beautiful contemporary four-bedroom home with water views from nearly every window and deeded water access just down the path, with views back toward Crane’s Beach.The heart of the home is a bright, inviting living area centered around a classic wood-burning fireplace. Large newer windows fill the space with natural light while beautifully framing the water views. For a change of pace, a secondary living space opens directly onto a private deck overlooking lush, thoughtfully designed gardens and handsome stone walls.The lower level adds exceptional flexibility, featuring a bonus room, ¾ bathroom, and additional bedroom with glass doors leading outside and offering wonderful views.One of the property’s standout features is the massive, beautifully built barn/garage. Its finished second floor boasts high ceilings, generous windows, and a charming cupola, and is already equipped with heat, electricity, and rough plumbing. Whether envisioned as a professional-grade workshop, creative studio, home office, or future additional living space, this versatile structure is ready for its next chapter.With abundant garage space, flexible living areas, beautiful grounds, and deeded water access, this property offers an uncommon combination of space, privacy, and coastal charm. Come see for yourself how easily this peaceful Great Neck retreat could become home.

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 2,370 sq ft principal dwelling). Lot size: 18,118 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.