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Marblehead 01945
89 Lafayette Street
$628,500
● House - Off Market

89 Lafayette Street

Marblehead, MA 01945
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,388 Ft²
$971,409
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Charming center entrance brick colonial in a great neighborhood.  Lovely foyer with archway leading to fireplaced living room, dining room with wainscoating  and office/den.  Country kitchen with eating and sitting area, 3 bedrooms, 1.5 baths, great closets and hardwood floors throughout.  Attic ready to be finished.  Plenty of parking with long circular driveway.  20,000 sf lot.
Unit Size
2,388 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$284
Property Type
House
Property Taxes
$720
HOA Dues
-
Year Built
1935

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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 months ago (MLSPIN #72530334)

Price History

Date / Event Date Event Price
Aug 28, 2019 Sold
Premium
Sold
Jul 8, 2019 Listed by Sagan Harborside Sotheby's International Realty $679,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 1,254
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Total Building Area: 2,388
  • Gross Building Area: 5,416
  • Building Area: 2,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,388
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Marblehead School District
  • School Tax School District: MARBLEHEAD SD
  • Census Tract: 203100

Zoning

  • Zoning: SR

Geography

  • District: 168
  • Parcel: MARB M:0053 B:0039 L:0
  • Block: 39
  • Municipality: MARBLEHEAD
  • Latitude: 42.493
  • Longitude: -70.8811

    Address

  • Full Address: 89 Lafayette St
  • Address - House Number: 89
  • Address - Street Name: Lafayette
  • Address - Suffix Type: St
  • State: MA
  • City Name: Marblehead
  • Carrier Code: C027
  • 4-Digit Zip Code: 1219
  • Zip Code: 01945

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $836,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,001,640
  • High Value: 1,172,607
  • Low Value: 830,672

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $933,400
  • Assessed Land Value: $603,000
  • Assessed Improvements Value: $330,400

    Sales

  • Current Sale Contract Date: Aug 27, 2019
  • Current Sale Recording Date: Aug 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190828004180
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 Marblehead

Stats & Trends

Median Asking:

$960,000

Sale Price/ft²

$547

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2924 ft²

Average Home Age

95 years

Currently For Sale

38 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 months ago
Data Source: MLS PIN, MLS# 72530334

Frequently Asked Questions

When was property at 89 Lafayette Street built and last sold?
The property at 89 Lafayette Street was built in 1935 and last sold on Aug 27, 2019 for $636,000.
How much is this home worth?
The estimated value of the home located at 89 Lafayette Street is $714,123.
What are some comparable homes to 89 Lafayette Street?
There are currently no comparable homes to 89 Lafayette Street.
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