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Salisbury 01952
54 Lafayette Road
$424,000
● House - Off Market

54 Lafayette Road

Salisbury, MA 01952
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,616 Ft²
$441,769
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Located in the quaint, New England seaside town of Salisbury, this antique cape has been in the same family for 55 years. Built in 1880, set on just over a half acre of land, the property is just 3 miles to the beautiful sandy dunes of Salisbury Beach. This home is ripe for updating, renovations and TLC. New windows (2019), Roof replaced in 2014 with asphalt shingles, New furnace installed 2011. Town sewer is now available at the street. Sidewalks and a bike lane are part of the Town's plans for Lafayette Road and the new Rail Trail is quickly accessible. Close to Newburyport and Amesbury, easy access to the highways, schools, and retail. This property is being sold "AS IS", BUYER IS RESPONSIBLE FOR ALL DUE DILIGENCE, INCLUDING BUT NOT LIMITED TO COMPLIANCE WITH STATE/LOCAL REQUIREMENTS FOR PERMITTING, TOWN SEWER HOOK-UP (SEE DETAILS INCLUDED WITH DOCUMENTS) BUILDING CODE, ZONING.
Unit Size
1,616 Ft²
Days on Market
-
Land Size
-
Price per sqft
$265
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1880

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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 #72946255)

Price History

Date / Event Date Event Price
Mar 24, 2022 Sold
Premium
Sold
Feb 25, 2022 Listed by Gibson Sotheby's International Realty $429,000
Listed by Gibson Sotheby's International Realty
Jul 11, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,088
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,799
  • Total Building Area: 1,616
  • Gross Building Area: 4,821
  • Building Area: 1,616
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,616
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000523
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: LM-D

Geography

  • Account Number: 1967/356
  • Parcel: SALI M:20 P: 9
  • Municipality: SALISBURY
  • Latitude: 42.8485
  • Longitude: -70.8636

    Address

  • Full Address: 54 Lafayette Rd
  • Address - House Number: 54
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salisbury
  • Carrier Code: C017
  • 4-Digit Zip Code: 1912
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $381,700
  • Initial Tax Delinquent Year: 2024

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $365,300
  • Assessed Land Value: $165,900
  • Assessed Improvements Value: $199,400

    Sales

  • Current Sale Contract Date: Mar 22, 2022
  • Current Sale Recording Date: Mar 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220324001340
  • Previous Sale Recording Date: Jul 11, 1997
  • Previous Sale Amount: $200,000
  • 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 Salisbury

Stats & Trends

Median Asking:

$615,000

Sale Price/ft²

$454

Below Asking

0.01%

Average Days on Market

68

Average Home Size

1650 ft²

Average Home Age

32.4 years

Currently For Sale

43 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 238 Lafayette, Salisbury, 01950

$1,975 /mo

  • Studio
  • 1 Bath
  • 378 ft²
238 Lafayette #107, Salisbury, 01950 Listing by Patrick Carey
Unit for rent at 21 Collins, Seabrook, 03874

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,328 ft²
21 Collins, Seabrook, 03874 Listing by Gita Ghaemi
Unit for rent at 246 South Main, Seabrook, 03874

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,120 ft²
246 South Main, Seabrook, 03874 Listing by Robert Gilman

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72946255

Frequently Asked Questions

When was property at 54 Lafayette Road built and last sold?
The property at 54 Lafayette Road was built in 1880 and last sold on Mar 22, 2022 for $424,000.
How much is this home worth?
The estimated value of the home located at 54 Lafayette Road is $448,702.
What are some comparable homes to 54 Lafayette Road?
There are currently no comparable homes to 54 Lafayette Road.
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