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Ipswich 01938
7 Lafayette Rd
$260,000
● House - Off Market

7 Lafayette Rd

Ipswich, MA 01938
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,477 Ft²
$611,416
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model

About This Property

Love Old Home Charm? This one just needs some tender loving care!  Mostly cosmetics and some updating to make it happen...Roof, Burner, Windows, and all Electrical new in last 3-5 years.  Hardwood Floors throughout, high ceilings with crown molding in Living Room and Dining Room, some built-ins, stained glass window, front and side porch are just some features.  Large attic for possible expansion and nice size yard. This home is located conveniently to Train Station, Beaches, Downtown, and shops
Unit Size
1,477 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$181
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #71285158)

Price History

Date / Event Date Event Price
Feb 3, 2012 Sold
Premium
Sold
Sep 9, 2011 Listed by RE/MAX On The River, Inc. $267,400
Listed by RE/MAX On The River, Inc.
Dec 30, 1997 Sold
Premium
Sold
Sep 2, 1997 Listed by RE/MAX On The River, Inc. $135,000
Listed by RE/MAX On The River, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • 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: 19
  • 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: 752
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,702
  • Total Building Area: 1,477
  • Gross Building Area: 3,194
  • Building Area: 1,477
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,477
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AGAWAM HEIGHTS
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: IPSWICH SD
  • Census Tract: 223200

Zoning

  • Zoning: IR

Geography

  • Parcel: IPSW M:41B B:0209 L:0
  • Block: 209
  • Municipality: IPSWICH
  • Latitude: 42.6777
  • Longitude: -70.8415

    Address

  • Full Address: 7 Lafayette Rd
  • Address - House Number: 7
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Ipswich
  • Carrier Code: C003
  • 4-Digit Zip Code: 1819
  • Zip Code: 01938

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $590,500

    Appraisal Valuation

  • Standard Deviation: 0.1713
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 563,562
  • High Value: 660,111
  • Low Value: 467,014

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $518,900
  • Assessed Land Value: $289,800
  • Assessed Improvements Value: $229,100

    Sales

  • Current Sale Recording Date: Dec 30, 1997
  • Current Sale Price:
    Premium
  • Current 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 Ipswich

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$448

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1706 ft²

Average Home Age

87.3 years

Currently For Sale

19 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: 5 months ago
Data Source: MLS PIN, MLS# 71285158

Frequently Asked Questions

When was property at 7 Lafayette Road built and last sold?
The property at 7 Lafayette Road was built in 1920 and last sold on Jan 1, 1970 for $125,000.
How much is this home worth?
The estimated value of the home located at 7 Lafayette Road is $276,516.
What are some comparable homes to 7 Lafayette Road?
There are currently no comparable homes to 7 Lafayette Road.
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