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Middlesex 01821
8 Lafayette Rd
$567,500
● House - Off Market

8 Lafayette Rd

Billerica, MA 01821
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,500 Ft²
$958,338
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

LOCATION,LOCATION,LOCATION! Large,Beautiful 8 room Colonial in Prestigious Alexander Farms on a cul-de-sac! 4 Bedrooms, 3 Full Baths,Central A/C, Oversized 2 Car Garage, Hardwood Floors, 2 Fireplaces on first floor,dining room, Large Eat-in Kitchen, & Large Open floor plan. Newer: Great Room addition with Large Stone fireplace, Roof, Furnace, Drive way, & Oversized Hot water heater. Brand New Updates: All 3 bathrooms (one includes a Luxurious Soaking Tub), Stainless Steel Appliances, Silestone Quartz counter tops, and Pergo Max flooring in downstairs family room. Plenty of storage with extra closets that have been added plus a Walk up Attic. This home has everything, is newly updated, and is move in ready!
Unit Size
2,500 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$232
Property Type
House
Property Taxes
$535
HOA Dues
-
Year Built
1992

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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: 6 months ago (MLSPIN #72059001)

Price History

Date / Event Date Event Price
Oct 28, 2016 Sold
Premium
Sold
Aug 26, 2016 Listed by FAB Real Estate $580,900
Listed by FAB Real Estate
Dec 1, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 52,390
  • Total Building Area: 2,638
  • Gross Building Area: 4,995
  • Building Area: 2,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,638
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALEXANDER FARMS
  • Land Acres: 0000001203
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Billerica School District
  • Census Tract: 316102

Zoning

  • Zoning: 2

Geography

  • District: 31
  • Parcel: BILL M:0061 B:0223 L:0
  • Block: 223
  • Municipality: BILLERICA
  • Latitude: 42.5573
  • Longitude: -71.2594

    Address

  • Full Address: 8 Lafayette Rd
  • Address - House Number: 8
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Billerica
  • Carrier Code: C016
  • 4-Digit Zip Code: 2858
  • Zip Code: 01821

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $956,300

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 907,212
  • High Value: 1,065,793
  • Low Value: 748,631

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $847,000
  • Assessed Land Value: $346,400
  • Assessed Improvements Value: $500,600

    Sales

  • Current Sale Contract Date: Oct 19, 2016
  • Current Sale Recording Date: Oct 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 289216
  • Previous Sale Recording Date: Dec 01, 1992
  • Previous Sale Amount: $164,000
  • Previous Sale Document Type: 43
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 Middlesex

Stats & Trends

Median Asking:

$822,000

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2697 ft²

Average Home Age

65.4 years

Currently For Sale

3026 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

Rentals Near You

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72059001

Frequently Asked Questions

When was property at 8 Lafayette Road built and last sold?
The property at 8 Lafayette Road was built in 1992 and last sold on Oct 19, 2016 for $567,500.
How much is this home worth?
The estimated value of the home located at 8 Lafayette Road is $611,251.
What are some comparable homes to 8 Lafayette Road?
There are currently no comparable homes to 8 Lafayette Road.
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