Welcome to 278 Lafayette Street, a building located in South Salem, Salem in Salem, MA.
As a quick overview, these are the most up-to-date information we've collected about the property.
Finally, 278 Lafayette Street was most recently sold on Dec 31, 1969 for $750,000.
According to local assessors, the total value of the building is currently valued at $1,669,400.
Specifically, the value of the land that the property sits on has been assessed at $224,400.
The building was last assessed in 2024.
There is another building on the same land that 278 Lafayette Street was built on.
Here's what we know about the features and amenities in this building.
While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead.
We are not sure what system the building uses for cooling.
Sadly, informaton related to the heating system was not disclosed.
There is no porch or patio on the premise of the property.
For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool.
The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
More About The Building
Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition.
The building class code for 278 Lafayette Street is unknown but given the importance of this information, we will work to update this data as soon as possible.
Interested in learning more about the neighborhood that the property is located in?
Buildings in the South Salem area have a median price of $2,750.
Those in the 25th percentile, have a price around $2,445.
While those in the 75th percentile, have a price around $3,100.
Typically, the buildings in this area have a median sqft of 1,100.
That means that the median price per sqft is around $2.
In other words, the price per sqft for buildings in the 25th percentile is $2.
While the price per sqft for buildings in the 75th percentile is $3.
As a breakdown, we've included the following stats:
- There are currently a total of 2 studio listings.
The median price for these types of listings is $1,081.
That's $2.61 price per sqft.
- There are currently a total of 2 one bedroom listings.
The median price for these types of listings is $2,275.
That's $2.53 price per sqft.
- There are currently a total of 10 two bedroom listings.
The median price for these types of listings is $2,495.
That's $2.87 price per sqft.
- There are currently a total of 10 three bedroom listings.
The median price for these types of listings is $2,900.
That's $2.35 price per sqft.
- There are currently a total of 3 four bedroom listings.
The median price for these types of listings is $3,850.
That's $1.94 price per sqft.
About The Area
278 Lafayette Street is located in 01970.
There are 42,650 people living here.
There are 18,052 households.
Most of these households have an average family size of 3.02 people.
According to the census, 52% are currently renting while 48% own their homes.
The median age of this population is around 36.3 years old.
On average, most folks in the zipcode are unmarried.
About 23% of folks speak a language other than English in this area.
The area's employment rate is currently around 64.1%.
Speaking of employment, the median income is $61,035.
Most folks will commute by car for around 28.6 minutes.
Finally, we know that 26% of residents in the area have graduated with their high school degree.
Additionally, 25% and 14% have their Bachelor's and Master's degree, respectfully.
Moving on to the county level.
Essex County, Massachusetts has a population of 769,362 people.
Based on census records, there are 288,291 registered households.
Families in this area are on average made up of 3.2 people per household.
Most folks are unmarried.
They are also typically around 40.7 years old.
Does diversity matter to you? Right now, 25% of folks speak a language other than English here.
About 37% rent while 63% purchased their homes.
Right now, the community is made up of 26% of residents who have graduated with at least a high school degree.
On top of that, 23% have a Bachelor's degree and 15% have a Master's degree.
The employment rate is currently around 62.8%.
Those employed, have a median income of $70,886.
If you move here, you can expect to commute mostly by car for around 29.3 minutes.
Finally, let's take a look at the stats related to Boston, MA - NH - RI Urban Area.
The urban area is home to 4,343,828 people.
A total of 1,635,254 households are registered here.
With average family sizes being listed at 3.19 people.
About 23% of residents have graduated with a high school degree.
Of the rest, 25% have their Bachelor's and 20% have their Master's degree.
Folks speaking a language other than English, make up about 26% of the population.
Speaking of your commute, 64.5% of people in this area are employed.
The recorded median income is currently at $77,009 per year.
The median population age has been listed at 38.2 years old.
Interestingly enough, unmarried people make up the majority of the population.
Last but not least, renters make up about 40% of the population while homeowners are at about 60% of the population.
$1,081
Studio Median Rent
PUBLIC TRANSIT
Lafayette St @ Ocean Ave
(Under 500 ft - 3 min walk)
MBTA
Lafayette St @ Ocean Ave
(Under 500 ft - 3 min walk)
MBTA
Lafayette St @ Willow Ave
(Under 500 ft - 3 min walk)
MBTA
Lafayette St @ Laurel St
(Under 500 ft - 3 min walk)
MBTA
Lafayette St @ Clifton Ave
(680 ft - 3 min walk)
MBTA
