Seller's Agent in 2021
Sally Laffely
Laffely Real Estate Associates
(978) 375-1821
11 in this area
54 Total Sales
5 Lafayette Rd Salisbury, MA 01952
Estimated Value: $634,000 - $800,000
3
Beds
3.5
Baths
3,600
Sq Ft
$194/Sq Ft
Est. Value
Highlights
- Waterfront
- Post and Beam
- 10 Fireplaces
- Property is near public transit
- Wood Flooring
- 3-minute walk to Town Common
About This Home
As of August 2021Prime location for this mixed use building located in the heart of Salisbury Square. Village Center District zoning is an added plus and provides for a variety of business and residential uses. The majority of the building is used as a professional office (2 stories) but includes (3) residential apartments for a total of (4) units. Apartments currently generate $2,390/month in rental income. Some of the many features include wide pine flooring throughout, period detailing reminiscent of the era as well as decorative fireplace mantels in many of the rooms, replacement windows, ample off-street parking and a detached 14' x 22' outbuilding for tool and equipment storage. Whether you're in the market for a home based office location or any variety of the permitted commercial/residential uses, this property is definitely worth looking at. Residential apartments can only be seen on second showings and with 48 hour notice minimum.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,791
Year Built
- Built in 1850
Lot Details
- 0.44 Acre Lot
- Waterfront
- Near Conservation Area
- Level Lot
- Irregular Lot
Home Design
- Triplex
- Post and Beam
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,600 Sq Ft Home
- 10 Fireplaces
- Insulated Windows
Flooring
- Wood
- Pine Flooring
Bedrooms and Bathrooms
- 3 Bedrooms
Unfinished Basement
- Interior Basement Entry
- Dirt Floor
Parking
- 8 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Bulkhead
- Outdoor Storage
Location
- Property is near public transit
- Property is near schools
Schools
- Salisbury Elementary School
- Triton Middle School
- Triton High School
Utilities
- Window Unit Cooling System
- 4 Heating Zones
- Heating Available
- 200+ Amp Service
- Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Total Actual Rent $2,390
- Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water), unit 3(heat electric water hot water)
- Tax Lot 25
- Assessor Parcel Number M: 6 P: 25,4042064
Community Details
Overview
- 4 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $28,680
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Home Values in the Area
Average Home Value in this Area
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Trio Rt | $250,000 | |
| Closed | Trio Rt | $63,500 | |
| Closed | Trio Rt | $120,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2021 08/16/21 | Sold | $410,000 | 0.0% | $114 / Sq Ft |
| 06/25/2021 06/25/21 | Pending | -- | -- | -- |
| 04/25/2021 04/25/21 | Off Market | $410,000 | -- | -- |
| 04/08/2021 04/08/21 | Price Changed | $525,000 | -8.7% | $146 / Sq Ft |
| 02/26/2021 02/26/21 | For Sale | $575,000 | -- | $160 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $5,680 | $563,500 | $164,500 | $399,000 |
| 2024 | $5,169 | $494,600 | $164,500 | $330,100 |
| 2023 | $6,513 | $603,100 | $268,000 | $335,100 |
| 2022 | $6,719 | $603,100 | $268,000 | $335,100 |
| 2021 | $6,768 | $601,100 | $268,000 | $333,100 |
| 2020 | $6,939 | $605,500 | $268,000 | $337,500 |
| 2019 | $6,645 | $560,300 | $242,300 | $318,000 |
| 2018 | $6,207 | $526,900 | $212,400 | $314,500 |
| 2017 | $6,281 | $526,900 | $212,400 | $314,500 |
| 2016 | $6,149 | $526,900 | $212,400 | $314,500 |
| 2015 | $6,725 | $572,299 | $211,000 | $361,299 |
Source: Public Records
Agents Affiliated with this Home
-
Sally Laffely
-
Judy Dodier
Buyer's Agent in 2021
Judy Dodier
Lamacchia Realty, Inc.
(978) 375-9297
8 in this area
81 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72790473
APN: SALI-000006-000000-000025
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.
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