NOT LISTED FOR SALE

5 Lafayette Rd Ipswich, MA 01938

Estimated Value: $683,000 - $746,000

5 Beds
2 Baths
1,971 Sq Ft
$363/Sq Ft Est. Value

Last Sold October 30, 2017

Last sale price $391,420 $199 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $4,300/month

7 Days on Market

About This Home

As of October 2017

Great 2 family that is extremely convenient to the commuter rail, EBSCO and downtown Ipswich! Both units have hardwood floors, in unit washer and dryers, and separate utilities. The unit on the first level has a living room, large eat in kitchen, two generously sized bedrooms, and a full bathroom. The second unit begins on the second level and has a living room, dining room, large eat in kitchen, a bedroom, and a full bathroom. The top level has two more good sized bedrooms. Ipswich is a sought after North Shore community offering beaches (Crane & Pavilion), biking/hiking trails throughout state parks, award winning restaurant, great shopping, and schools. This 2 family is a fantastic opportunity in an excellent location!

Last Agent to Sell the Property

Shane Small

Compass Listed on: 09/06/2017

Compass

Last Buyer's Agent

AJ Migonis

Vadala Real Estate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,602

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Shared Drive
  • Property Type: Multi-family
  • Lead Paint: Unknown
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 8
  • Amenities: Public Transportation, Shopping, Walk/Jog Trails, Public School
  • Basement: Unfinished Basement
  • Full Bathrooms: 2
  • Total Levels: 3
  • Main Lo: NB3534
  • Main So: C95600
  • Estimated Sq Ft: 1971.00

Exterior Features

  • Exterior: Vinyl
  • Exterior Features: Porch
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 3

Utilities

  • Heat Zones: 2
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:41B B:0210 L:0
  • Zoning: IR
  • Acre: 0.08
  • Lot Size: 3680.00

Multi Family

  • Heat Units: 2
  • Total Bedrooms: 5
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 8
  • Total Rent_1: 2500
  • Multi Family Type: 2 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2021
Sold by
Mclean Jeffrey J and Mclean Jennifer
Bought by
Mclean Jeffrey J and Mclean Jennifer
Current Estimated Value
$716,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Outstanding Balance
$64,215
Interest Rate
2.67%
Mortgage Type
Credit Line Revolving
Estimated Equity
$652,219

Purchase Details

Listed on
Sep 6, 2017
Closed on
Oct 30, 2017
Sold by
Gordon Hilary
Bought by
Mclean Jeffrey J and Mclean Jennifer
Seller's Agent
Shane Small
Compass
Buyer's Agent
AJ Migonis
Vadala Real Estate
List Price
$374,900
Sold Price
$391,420
Premium/Discount to List
$16,520
4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$332,707
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 2, 2014
Closed on
Jul 15, 2015
Sold by
Kent Reginald and Kent Florence M
Bought by
Gordon Hilary
Seller's Agent
Andrea Lacroix
Churchill Properties
Buyer's Agent
Ronn Huth
Buyers Choice Realty
List Price
$349,900
Sold Price
$312,000
Premium/Discount to List
-$37,900
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$234,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mclean Jeffrey J -- None Available
Mclean Jeffrey J -- None Available
Mclean Jeffrey J -- None Available
Mclean Jeffrey J -- None Available
Mclean Jeffrey J $391,420 --
Gordon Hilary $312,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclean Jeffrey J $72,000
Closed Mclean Jeffrey J $72,000
Previous Owner Mclean Jeffrey J $332,707
Previous Owner Gordon Hilary $234,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2017 10/30/17 Sold $391,420 +4.4% $199 / Sq Ft
09/13/2017 09/13/17 Pending -- -- --
09/06/2017 09/06/17 For Sale $374,900 +20.2% $190 / Sq Ft
07/27/2015 07/27/15 Sold $312,000 -10.8% $158 / Sq Ft View Prior Sale
06/27/2015 06/27/15 Pending -- -- --
09/02/2014 09/02/14 For Sale $349,900 -- $178 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,602 $592,100 $262,400 $329,700
2024 $6,204 $545,200 $284,400 $260,800
2023 $5,895 $482,000 $221,200 $260,800
2022 $5,728 $445,400 $211,700 $233,700
2021 $5,645 $427,000 $210,100 $216,900
2020 $5,528 $394,300 $214,900 $179,400
2019 $5,433 $385,600 $208,500 $177,100
2018 $4,624 $324,700 $197,500 $127,200
2017 $4,500 $317,100 $189,600 $127,500
2016 $4,369 $294,200 $170,600 $123,600
2015 $3,890 $287,900 $164,300 $123,600
Source: Public Records

Agents Affiliated with this Home

  • Shane Small

    Seller's Agent in 2017

    Shane Small

    Compass

    (781) 521-9025

    35 Total Sales

    Shane Small
    Section Image

  • A

    Buyer's Agent in 2017

    AJ Migonis

    Vadala Real Estate

    (978) 290-1398

    15 Total Sales

    AJ Migonis
    Section Image
  • Andrea Lacroix

    Seller's Agent in 2015

    Andrea Lacroix

    Churchill Properties

    (508) 561-1161

    44 in this area

    110 Total Sales

    Andrea Lacroix
    Section Image
  • Ronn Huth

    Buyer's Agent in 2015

    Ronn Huth

    Buyers Choice Realty

    5 Total Sales

    Ronn Huth
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72223576

MLS Property Information Network (MLS PIN)

APN: IPSW-000041B-000210

Massachusetts Essex County Ipswich 01938

5 Lafayette Rd, Ipswich, MA

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