293 Lafayette Street

293 Lafayette Street has been categorized by the local assessors in Salem, MA as a residential type of property. The building on the property was first built in 1880 and is 144 years old. The home has a total of 32 rooms. 14 of these rooms are legally considered as bedrooms. Residents will have access to 8 full bathrooms. There are 8 partial bathrooms in the home. The building has a total of 3 stories. In addition, 293 Lafayette Street has 4,816 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 4,222 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 15,002 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a hip style roof made of slate. The exterior walls of the building are made of shingles that aren't wood. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 293 Lafayette Street was last sold in Jan 1, 1970 for $975,000. According to our calculations, that's $202.45 per sqft. Prior to that sales transaction, the property was sold for $750,000 in Jan 1, 1970. Current property owners are expected to pay $16,690 in taxes per year. The property on 293 Lafayette Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $1,436,300. To break that down further, the land itself was valued at $221,300. While improvements to the property were assessed at a total of $1,215,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.