Last Sold Price
20 beds9,674 sqft$130/sqft
21-23 Lafayette Rd, Ipswich, MA 01938

Description

Investors! 2 BLDGS.on ONE lot. 14 UNITS & 2 bay Garage. 21 Lafayette is a 6 Unit. Walk-out bsmt level: 2 units, 1 BR each,1st Fl: 2 units, 2 BR's each, 2nd Fl: 2 units, 2 BR's each. Coin Op Laundry in 1st fl, rear hall. Five of the six apartments have been updated. Walk up attic. Sunporch on 2nd floor. Very close to Train,Town and commuter routes, in nice hilltop neighborhood. Being sold with 23 Lafayette, an 8 unit building: Full Bsmt., 1st Fl: 4 units, 1BR each, 2nd Fl: 3 units, 1,1 & 2BR's, 3rd...Investors! 2 BLDGS.on ONE lot. 14 UNITS & 2 bay Garage. 21 Lafayette is a 6 Unit. Walk-out bsmt level: 2 units, 1 BR each,1st Fl: 2 units, 2 BR's each, 2nd Fl: 2 units, 2 BR's each. Coin Op Laundry in 1st fl, rear hall. Five of the six apartments have been updated. Walk up attic. Sunporch on 2nd floor. Very close to Train,Town and commuter routes, in nice hilltop neighborhood. Being sold with 23 Lafayette, an 8 unit building: Full Bsmt., 1st Fl: 4 units, 1BR each, 2nd Fl: 3 units, 1,1 & 2BR's, 3rd Fl:1 unit, 3BRs. Rent increases for 5 units to take effect 4/1/16. All 14 units are TAW. 21 Lafayette Income = $6350/mo., prior to pending increase (add $300). 23 Lafayette Income = $7495/mo. (includes $50.00 for 1/2 garage bay rental), prior to pending increase (add $1250). Combined Expenses for RE Taxes,Oil,Ins. ,Water/Sewer, Elec. ,Trash, Lawn/Snow,Cleaning,Gas = $58249/year 2015. Total Rent potential (before pending increases) = $162,540. Actual for 2015 $113,894 per 2015 Tax Return.
LISTING CLOSED: 05/12/2016 12:00 AM

  1. Listed by Dianne Fischbach • Coast & Country Real Estate

Property Details for 21-23 Lafayette Road

Status
MLS #
71971003
Days on Market
118
Taxes
$13,592 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 5-9 Family
Year Built
1900
Town
Ipswich
Area
MA-Ipswich
Garage Spaces
2
Open Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of Coast & Country Real Estate, Dianne Fischbach

Sold By Coast & Country Real Estate, Dianne Fischbach

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Building Information for 21-23 Lafayette Road

Stories9Residences14Year Built1900Building Size-Lot Size0.23 AC / 10,160 SF

Payment Calculator

$7,548 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,415

Property Taxes

$1,133

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 21-23 Lafayette Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Conservation Area, T-Station, Other (See Remarks), Sidewalks
  • Current Financing: Withheld
  • Living Area: 9674.0
  • Color: Beige
  • SqFt with Basement: Yes
  • Total Units: 14
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Oil Water Heater, Utility Connections for Gas Range
  • Num of Baths: 14.0
  • Num of Full Baths: 14
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 14.00
  • Bathrooms Total Integer: 14
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Tile, Vinyl, Stone / Slate
  • Interior Features: Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Laundry Room
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch - Enclosed
  • Lot Description: Other
  • Patio And Porch Features: Enclosed
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, Other (See Remarks), Beach Ownership(Public)
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
Utilities
  • Electric: Circuit Breakers
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Disclosures: 21 Lafayette shares lot with 23 Lafayette. Being sold together as package. 23 Lafayette has had 4 units updated and the kitchen remodeled in a 5th unit.
Tax Information
  • Assessments: $1,002,000
  • Book: 21562
  • Lot: 203
  • Map: 41B
  • Tax Year: 2015
  • Zoning: IR
Building / Association Information
Living Characteristics
  • Beds Total: 20
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Concrete Perimeter, Block
  • Frontage: 100.00
Income / Expenses
  • Electricity: $3,071.00
  • Annual Expenses Source: Owner
  • GOI: $113,894.00
  • Gross Scheduled Income: $85.00
  • Insurance: $9,492.00
  • GRE: $58,249
  • HTE: $11,321
  • RFS: $960
  • NOI: $29,280.00
  • Operating Expense: $58,249.00
  • WSE: $6,216.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,491.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 21-23 Lafayette Road

DateEvent & SourcePriceAppreciation
May 12, 2016

Sold

MLS PIN #71971003

$1,262,175
Mar 19, 2016

Contingent

MLS PIN #71971003

Jan 15, 2016

Listed (Active)

MLS PIN #71971003

$1,500,000
DateEvent & SourcePrice
05/12/2016

Sold

MLS PIN #71971003

$1,262,175
03/19/2016

Contingent

MLS PIN #71971003

01/15/2016

Listed (Active)

MLS PIN #71971003

$1,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 21-23 Lafayette Road

This home is within Ipswich School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Winthrop School
PublicPK to 5

Ipswich Middle School
Public6 to 8

Ipswich High School
Public9 to 12

Paul F Doyon Memorial
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 21-23 Lafayette Road, Ipswich, MA 01938
$1,262,175
20
9,674
10,160
$365,000
3
1,595
5,950
10,470
$400,000
2
1,300
$400,000
2,244
6,399
2
2
1,122

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coast & Country Real Estate, Dianne Fischbach

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.