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SOLD 5/12/2016

21 Lafayette Rd., Ipswich, MA 01938

20
beds
14
baths
9674
ft2
· 10160
ft2 lot

$1,262,175

$130 / ft2

Listing provided courtesy of Listing Broker: Dianne Fischbach, Coast & Country Real Estate
Source MLS PIN;
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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.

HOA

$—/month

On market

2 months

Year built

1900

Property type

5 9 Family

Parking

2

MLS

71971003

Price / Sq.Ft.

$130 / ft2

Status

Sold

Home details for 21 Lafayette Rd.

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Kitchen, Living Room, Kitchen, Living Room, Kitchen, Living Room, Kitchen
•   
Common Rooms: Laundry
•   
Total Levels: 3, 9, 5
•   
Total Levels Unit 1: 1, 1
•   
Total Levels Unit 2: 1, 1
•   
Total Levels Unit 3: 2, 1
•   
Total Levels Unit 4: 1
•   
Total Rooms Unit 1: 3
•   
Total Rooms Unit 2: 3
•   
Total Rooms Unit 3: 4
•   
Total Rooms Unit 4: 4
•   
Total Rooms: 18, 47, 18
Interior Features
•   
Electric Details: Circuit Breakers
•   
Utility Description: Heat, Electric, Water, Hot Water, Heat, Electric, Water, Hot Water, Heat, Water, Hot Water, Heat, Water, Hot Water
•   
Interior Features: Bathroom With Tub & Shower
Appliances
•   
Hot Water: Oil
•   
Unit 4 Appliances: Range, Refrigerator
•   
Unit 3 Appliances: Range, Refrigerator
•   
Unit 2 Appliances: Range, Refrigerator
•   
Unit 1 Appliances: Range, Refrigerator
Flooring
•   
Unit 4 Floor Level: 2
•   
Flooring: Wood, Tile, Vinyl, Stone / Slate
Bedrooms Info
•   
Total Beds: 20
•   
Unit 4 Beds: 2
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 1
•   
Unit 1 Beds: 1
Bathrooms Info
•   
Full Baths: 14, 14
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Property Features
•   
Beach Description: Ocean, Other (See Remarks)
•   
Beachfront
•   
Beach Ownership: Public
Community Info
•   
Total Units In Complex: 14
Exterior Features
•   
Color: Beige
•   
Building Exterior Details: Vinyl, Porch - Enclosed
Property Type
•   
Property Type: 5-9 Family
•   
Mls Prop Type: 5-9 Family
•   
Mls Property Type: Multi-family
Parking Info
•   
Garage Spaces: 2
Community Features
•   
Area Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Conservation Area, T-Station, Other (See Remarks)
Lot Info
•   
Zoning: IR
•   
Year Round
•   
Lot Description: Other (See Remarks)
•   
Frontage: 100.00
•   
Lot Number: 203
•   
Acres: 0.23
Building Info
•   
Sqft Source: Public Record
•   
Square Ft. Disclosure: Pulic Records Finished Area: #21 = 5043.20, #23 = 4631.75
•   
Foundation: Poured Concrete, Concrete Block
•   
Square Feet Incl Base: Yes
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Approximate
•   
Water/Sewer Built: 6216
•   
Lead Paint: Certified Treated
•   
Year Built Source: Public Record
•   
Construction Materials: Frame
Basement Info
•   
Basement
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Utilities
•   
Utilities: for Gas Range
•   
Electric: 3071
Other
•   
Hte: 11321
Listing Details, Costs & Financing Information
Financial Info
•   
Insurance Expenses: 9492
•   
Fin Code: Withheld
•   
Finances Source: Owner Provided
•   
Operating Expense: 12/15
Listing Info
•   
Offline Listing Number: 2234459
•   
Status: Sold
Lease Info
•   
Gross Revenue: 58249
•   
Gross Income: 113894
•   
Net Operating Income: 29280
•   
Monthly Rent Unit 1: 900
•   
Monthly Rent Unit 2: 1050
•   
Monthly Rent Unit 3: 1200
•   
Monthly Rent Unit 4: 1200
•   
Total Rent: 9491
•   
Gross Expenses: 85
•   
Rfs: 960
Terms
•   
Exclusions: Personal property in basements & garage.
Listing Details
•   
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/Assessment Info
•   
Tax Year: 2015
•   
Assessed Value: 1002000.00
•   
Taxes: 13592.00
Listing Contacts
•   
Selling Agent: C2466122
School Neighborhood & Directions
Location
•   
Street Number: 21-23
•   
Map Book: 21562
•   
Map Page: 546
•   
Directions: Topsfield Rd. to Wayne to Lafayette, or Washington St. to Riley to Lafayette.
•   
Road Type: Public, Publicly Maint., Sidewalk
•   
Map: 41B
Other
Other
•   
Main So: C95268
Calculation
•   
Price Per Sqft: 130.47
•   
List Price Per Sqft: 155.05
•   
Sold Price Per Sqft: 130.47
•   
Cdom Property: 118
•   
Cdom Broker: 118
•   
Cdom: 118

Neighborhood snapshot

29
Properties for sale
17
Median days on market
$315.79
Median sold price/sqft
105.01%
Sold/List %
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Property History for 21 Lafayette Rd.

05/12/2016
05/12/2016
MLS PIN #71971003
sold
MLS PIN #71971003
$1,262,175

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