See Home Value
Somerset 02726
540 Lafayette St
$625,000
House - Off Market

540 Lafayette St

Somerset, MA 02726
bedrooms
4 Beds
bathrooms
2 Baths
$3,255
Estimated Monthly
6.39%
Cap Rate

About This Property

Come check out this newly remodeled raised ranch in Somerset! Close to amenities, the highway, and just 10 minutes to the new train station, this home has everything needed for multiple generations to thrive. This property's main floor offers a vaulted ceiling over an open floor plan with bright natural light throughout. The in-law setup in the lower level will be a great space for college-age children or a parent you want to keep closer, while maintaining privacy and a separate entrance. Don't have in-laws? Rent the space as a 1 bedroom with utilities included and subsidize your mortgage payment! Schedule a private showing before this property leaves the market!
Unit Size
-
Days on Market
40 days
Land Size
0.23 acres
Price per sqft
-
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1992
Last updated: 4 months ago (MLSPIN #73200136)

Price History

Date / Event Date Event Price
Mar 19, 2024 Sold to Michael Cruz $625,000
Sold to Michael Cruz
Feb 13, 2024 In contract -
In contract
Feb 7, 2024 Listed by revolv Real Estate $589,000
Listed by revolv Real Estate
Dec 8, 2023 Sold $450,000
Sold
Nov 18, 2023 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Concrete
  • Building Style: Raised Ranch
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 1,104
  • Garage Type: Underground/basement
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,184
  • Gross Building Area: 2,288
  • Building Area: 1,184
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,184
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CRUZ MICHAEL
  • Previous Owner : JDC PROPERTY MGMT LLC
  • Owner Before Previous Owner: QUINTAL INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Somerset-Berkley School District
  • School Tax School District: SOMERSET SD
  • School Tax District Code 2: SOMERSET BERKLY
  • Census Tract: 644101

Zoning

  • Zoning: R1

Geography

  • Parcel: SOME M:0C7 L:0448
  • Lot: 448
  • Municipality: SOMERSET
  • Latitude: 41.7592
  • Longitude: -71.1486

    Address

  • Full Address: 540 Lafayette St
  • Address - House Number: 540
  • Address - Street Name: Lafayette
  • Address - Suffix Type: St
  • State: MA
  • City Name: Somerset
  • Carrier Code: C053
  • 4-Digit Zip Code: 3434
  • Zip Code: 02726

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,348

    Appraisal Valuation

  • Standard Deviation: 0.0896
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 612,073
  • High Value: 666,928
  • Low Value: 557,217

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $425,000
  • First Open Lien Mortgage Lender: AMERICAN FINANCIAL NETWORK
  • First Open Lien Mortgage Recording Date: Mar 19, 2024
  • First Open Lien Mortgage Loan Amount: $425,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Mar 19, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $342,900
  • Assessed Land Value: $155,800
  • Assessed Improvements Value: $187,100

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Mar 19, 2024
  • Current Sale Transaction ID: 11923349936
  • Current Sale Price: $625,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 3348
  • Previous Sale Recording Date: Dec 08, 2023
  • Previous Sale Contract Date: Dec 07, 2023
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN FINANCIAL NETWORK
  • First Mortgage Transaction Date: Mar 19, 2024
  • First Mortgage Loan Amount: $425,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: ALPHA REAL ESTATE LENDING
  • Previous Mortgage Transaction Date: Dec 08, 2023
  • Previous Mortgage Loan Amount: $367,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
-
$505,000 Oct 4, 2021
$505,000 Nov 18, 2021
$430/mo
House
3 Beds
3 Baths
-
$480,000 May 15, 2023
$480,000 Sep 21, 2023
$452/mo
House
3 Beds
2 Baths
-
$520,000 May 16, 2023
$520,000 Jul 7, 2023
$429/mo
House
6 Beds
3 Baths
-
$533,000 Jun 23, 2021
$533,000 Sep 17, 2021
$497/mo
In Contract
House
4 Beds
3 Baths
-
$540,000 Jan 29, 2024
-
$525/mo
House
4 Beds
2 Baths
-
$699,900 Dec 6, 2023
-
$486/mo
In Contract
House
3 Beds
2 Baths
-
$500,000 Feb 2, 2024
-
$394/mo
House
3 Beds
2 Baths
-
$489,900 Mar 7, 2024
-
$377/mo
Multifamily
6 Beds
2 Baths
-
$555,500 Feb 23, 2024
-
$399/mo

About Somerset


Similar Homes for Sale


Nearby Rentals



Frequently Asked Questions

When was property at 540 Lafayette Street built and last sold?
The property at 540 Lafayette Street was built in 1992 and last sold on Mar 18, 2024 for $625,000.
How much is this home worth?
The estimated value of the home located at 540 Lafayette Street is $594,890.
What are some comparable homes to 540 Lafayette Street?
Homes that are comparable to 540 Lafayette Street include a house property at 113 Lucy Lane, 254 Lafayette Street, 389 Lafayette Street.

Quantcast