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Newton 02462 Newton Lower Falls
17 Lafayette Rd
$680,000
● House - Off Market

17 Lafayette Rd

Newton, MA 02462
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,426 Ft²
$1,221,533
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

Charming ranch on spacious lot adjacent to the Leo J Martin golf course. Convenient one level living with open floor plan, central air and hardwood floors. Large fireplaced living room off the entryway opens to dining room area and eat in kitchen. The flow continues into a cozy family room with sliding doors to beautiful level backyard, ideal for entertaining. Through the hallway, two bedrooms and a full bath lead to the master bedroom with en suite half bath. The property has potential for the right buyer or investor. Close to highways and Boston! All showings by appointment only.
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$490
Property Type
House
Property Taxes
$504
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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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: 5 months ago (MLSPIN #71877991)

Price History

Date / Event Date Event Price
Oct 28, 2015 Sold
Premium
Sold
Jul 23, 2015 Listed by Coldwell Banker Residential Brokerage - Newton - Centre St. $699,000
Listed by Coldwell Banker Residential Brokerage - Newton - Centre St.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 6
  • Basement Area: 1,216
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,250
  • Total Building Area: 1,426
  • Gross Building Area: 3,232
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374800

Zoning

  • Zoning: SR2

Geography

  • Account Number: 42025 0013
  • District: 207
  • Parcel: NEWT S:42 B:025 L:0013
  • Block: 25
  • Lot: 13
  • Municipality: NEWTON
  • Latitude: 42.3303
  • Longitude: -71.264

    Address

  • Full Address: 17 Lafayette Rd
  • Address - House Number: 17
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Newton Lower Falls
  • Carrier Code: C061
  • 4-Digit Zip Code: 1016
  • Zip Code: 02462

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $962,500

    Appraisal Valuation

  • Standard Deviation: 0.1748
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,109,150
  • High Value: 1,303,099
  • Low Value: 915,201

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $986,200
  • Assessed Land Value: $800,600
  • Assessed Improvements Value: $185,600

    Sales

  • Current Sale Recording Date: Oct 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 183227
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 Newton Lower Falls

Stats & Trends

Median Asking:

$2,060,000

Sale Price/ft²

$640

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2564 ft²

Average Home Age

117.7 years

Currently For Sale

3 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71877991

Frequently Asked Questions

When was property at 17 Lafayette Road built and last sold?
The property at 17 Lafayette Road was built in 1955 and last sold on Jan 1, 1970 for $680,000.
How much is this home worth?
The estimated value of the home located at 17 Lafayette Road is $704,455.
What are some comparable homes to 17 Lafayette Road?
There are currently no comparable homes to 17 Lafayette Road.
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