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Newton 02462 Newton Lower Falls
31 Lafayette Road
$499,900
● House - Off Market

31 Lafayette Road

Newton Lower Falls, MA 02462
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,239 Ft²
$1,009,226
RealtyHop Estimate
101.89%
Since Dec 1, 2003
MA-Boston
Primary Model

About This Property

LOVELY RANCH IN NICE CONDITION. LARGE LEVEL PRIVATE YARD GREAT STREET. STEPS TO LEO J.MARTIN GOLF. LARGE PLAYRM W/FULL BATH IN BASEMENT. CHOICE OF ANGIER/WILLIAMS SCHOOL.SHORT WALK TO RIVERSIDE "T".
Unit Size
1,239 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$403
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1951

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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: 4 years ago (MLSPIN #30765935)

Price History

Date / Event Date Event Price
Oct 31, 2003 Sold
Premium
Sold
Sep 9, 2003 Listed by William Raveis R.E. & Home Services $499,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 2,305
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,760
  • Total Building Area: 2,305
  • Gross Building Area: 5,003
  • Building Area: 2,305
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,305
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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 0001
  • District: 207
  • Parcel: NEWT S:42 B:025 L:0001
  • Block: 25
  • Lot: 1
  • Municipality: NEWTON
  • Latitude: 42.3299
  • Longitude: -71.2642

    Address

  • Full Address: 31 Lafayette Rd
  • Address - House Number: 31
  • 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: $1,071,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 1,257,872
  • High Value: 1,479,318
  • Low Value: 1,036,425

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,097,700
  • Assessed Land Value: $819,100
  • Assessed Improvements Value: $278,600

    Sales

  • Current Sale Recording Date: Oct 31, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 1936
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: 4 years ago
Data Source: MLS PIN, MLS# 30765935

Frequently Asked Questions

When was property at 31 Lafayette Road built and last sold?
The property at 31 Lafayette Road was built in 1951 and last sold on Jan 1, 1970 for $514,000.
How much is this home worth?
The estimated value of the home located at 31 Lafayette Road is $0.
What are some comparable homes to 31 Lafayette Road?
There are currently no comparable homes to 31 Lafayette Road.
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