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Essex 01952
209 Lafayette Rd
Photo of 209 Lafayette Rd
Sold on Oct 31, 2006

1

Map

$275,000
● Commercial - Off Market

209 Lafayette Rd

Salisbury, MA 01952
bedrooms
Studio
bathrooms
0 Bath
square feet
1,575 Ft²
$507,379
RealtyHop Estimate
69.18%
Since Nov 1, 2006
National-US
Primary Model

About This Property

AFFORDABLE BUSINESS OPPORTUNITY! Commercially-zoned, updated, 7-room home on busy Route One. New tile floors; carpeting & restored original wood floors.  Full basement; new windows & doors; large 3/4 acre lot. Cut down the hedges & pave the front to add parking.  Great for office space, hair salon, antique shop; get creative & open your business here!  EASY TO SHOW - CALL FOR APPT. TODAY!
Unit Size
1,575 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$190
Property Type
Commercial
Property Taxes
$175
HOA Dues
-
Year Built
1922

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #70351090)

Price History

Date / Event Date Event Price
Nov 1, 2006 Sold
Premium
Sold
Mar 19, 2006 Listed $299,900
Listed
Oct 2, 2000 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 933
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,732
  • Total Building Area: 1,400
  • Gross Building Area: 2,959
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CABOT ST CONDO
  • Land Acres: 0000000706
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: LM-C

Geography

  • Parcel: SALI M:19 P: 36
  • Municipality: SALISBURY
  • Latitude: 42.8679
  • Longitude: -70.8717

    Address

  • Full Address: 209 Lafayette Rd
  • Address - House Number: 209
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salisbury
  • Carrier Code: R001
  • 4-Digit Zip Code: 1545
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $355,400

    Appraisal Valuation

  • Standard Deviation: 0.19
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 479,186
  • High Value: 570,245
  • Low Value: 388,127

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $340,100
  • Assessed Land Value: $169,100
  • Assessed Improvements Value: $171,000

    Sales

  • Current Sale Recording Date: Nov 01, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 02, 2000
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 71
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 Essex

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$384

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2597 ft²

Average Home Age

73.2 years

Currently For Sale

1387 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

Unit for rent at 30 Pine, Seabrook, 03874

$1,600 /mo

  • 1 Bed
  • 700 ft²
30 Pine, Seabrook, 03874 Listing by Linda Fortin

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70351090

Frequently Asked Questions

When was property at 209 Lafayette Road built and last sold?
The property at 209 Lafayette Road was built in 1922 and last sold on Jan 1, 1970 for $275,000.
How much is this home worth?
The estimated value of the home located at 209 Lafayette Road is $300,645.
What are some comparable homes to 209 Lafayette Road?
There are currently no comparable homes to 209 Lafayette Road.
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