For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Nahant 01908
16 Lafayette Terrace
$481,000
● House - Off Market

16 Lafayette Terrace

Nahant, MA 01908
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,849 Ft²
$2,306,412
RealtyHop Estimate
316.32%
Since Jun 1, 1997
MA-Boston
Primary Model

About This Property

OUTSTANDING OCEANFRONT PROPERTY, PANORAMIC VIEWS TOWARDS MARBLEHEAD, EGG ROCK AND BEYOND.  PRIVATE LOCATION.  BIG NAHANT, BOAT RAMP, 2 CAR ATTACHED GARAGE.  CONTEMPORARY HOME WONDERFUL DECK AND YARD AREAS.
Unit Size
2,849 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$194
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1955

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (MLSPIN #30135122)

Price History

Date / Event Date Event Price
Jul 29, 2021 Sold
Premium
Sold
Mar 2, 2021 Listed by Kevin Wood Real Estate $3,295,000
Listed by Kevin Wood Real Estate
Apr 30, 2004 Sold
Premium
Sold
May 16, 1997 Sold
Premium
Sold
Oct 30, 1996 Listed by Kevin Wood Real Estate $554,000
Listed by Kevin Wood Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,761
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,945
  • Total Building Area: 3,819
  • Gross Building Area: 6,130
  • Building Area: 3,819
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,819
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREYSTONE MANOR
  • Land Acres: 0000000343
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District in Nahant (7-12)
  • School Tax School District: NAHANT SD
  • Census Tract: 201100

Zoning

  • Zoning: R2

Geography

  • Parcel: NAHA M:0017 B:0000 L:0016
  • Lot: 16
  • Municipality: NAHANT
  • Latitude: 42.4298
  • Longitude: -70.9245

    Address

  • Full Address: 16 Lafayette Ter
  • Address - House Number: 16
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Nahant
  • Carrier Code: C002
  • 4-Digit Zip Code: 1239
  • Zip Code: 01908

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,463,600

    Appraisal Valuation

  • Standard Deviation: 0.1598
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 3,301,095
  • High Value: 3,828,628
  • Low Value: 2,773,561

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,710,200
  • Assessed Land Value: $1,320,600
  • Assessed Improvements Value: $1,389,600

    Sales

  • Current Sale Contract Date: Jul 27, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210729001200
  • Previous Sale Recording Date: Apr 30, 2004
  • Previous Sale Amount: $1,300,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Nahant

Stats & Trends

Median Asking:

$950,000

Sale Price/ft²

$574

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3820 ft²

Average Home Age

104.5 years

Currently For Sale

14 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30135122

Frequently Asked Questions

When was property at 16 Lafayette Terrace built and last sold?
The property at 16 Lafayette Terrace was built in 1955 and last sold on Jul 27, 2021 for $2,830,000.
How much is this home worth?
The estimated value of the home located at 16 Lafayette Terrace is $0.
What are some comparable homes to 16 Lafayette Terrace?
There are currently no comparable homes to 16 Lafayette Terrace.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Nahant Homes for Sale
Nahant Houses for Sale
Nahant Condos for Sale
Nahant Multifamily for Sale
Nahant Land for Sale
Nahant Homes with Basements
Nahant Homes with Pools
Nahant Homes with Parking
Nearby Cities
Boston Homes for Sale
Lynn Homes for Sale
Salem Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Middlesex County, MA Property Records
Essex County, MA Property Records
Norfolk County, MA Property Records
Plymouth County, MA Property Records
Rockingham County, NH Property Records
Bristol County, MA Property Records
Providence County, RI Property Records
Neighborhoods
South End Real Estate
Back Bay Real Estate
Maplewood Real Estate
D Street - West Broadway Real Estate
West Revere Real Estate
Thompson Square - Bunker Hill Real Estate
Glendale Real Estate
North End Real Estate
Nearby Counties
Boston Homes for Sale
Lynn Homes for Sale
Salem Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Saugus Homes for Sale
Top Real Estate Agents
Top Agents in Nahant
Top Agents in Boston
Top Agents in Boston
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970