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5 Lafayette Ave, Lawrence, MA, 01843

3beds
1baths
1,120sqft
$639,999
$571price/sqft
$4,269/moest. monthly cost
$170,760/yrincome needed

About This Home

Tucked at the end of a quiet dead-end street, where traffic fades and neighbors wave, 5 Lafayette Ave feels like the kind of place you’ve been waiting to come home to. This charming ranch offers comfortable single-level living with a flexible layout. The home features hardwood flooring, a bright living area, and an eat-in kitchen ideal for everyday living. Three bedrooms provide ample space, while the partially finished walk-out basement offers additional room for an ADU, a family room, home office, or storage. Situated on a generous lot, the property includes a spacious fenced-in yard with a gazebo and storage sheds—perfect for outdoor enjoyment. Ample off-street parking adds convenience. Ideally located near shopping, schools, parks, and public transportation, with easy access to Routes 495 and 93, this home offers both accessibility and a quiet residential setting. Showings start at Open House, Saturday, April 25 & Sunday April 26 from 11AM - 1PM.

Getting Around

71
WalkingVery Walkable
35
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

5/10
Frost Middle SchoolGrades 5-80.6 mi
1/10
Lawrence High SchoolGrades 9-120.5 mi
4/10

Construction

Condition

  • Year built: 1965

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Range,Dishwasher,Microwave,Refrigerator
  • Laundry features: Gas Dryer Hookup,Exterior Access,Washer Hookup,Lighting - Overhead,Sink,In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished,Interior Entry,Concrete

Bathroom1

  • Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Recessed Lighting
  • Level: Main,First

Bedroom2

  • Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Level: Main,First

Bedroom3

  • Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Level: Main,First

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 3

Features

  • Internet Available - Unknown
  • Window features: Storm Window(s),Screens
  • Flooring: Wood,Tile
  • Finished area below ground: 0
  • Finished area above ground: 1,120

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 1,120
  • Total interior livable area: 1,120 sqft

Kitchen

  • Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Dining Area, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting
  • Level: Main,First

Living Room

  • Features: Closet, Flooring - Hardwood, Cable Hookup, High Speed Internet Hookup, Recessed Lighting
  • Level: Main,First

Master Bedroom

  • Features: Closet, Flooring - Hardwood, Recessed Lighting
  • Level: Main,First

Property

Details

  • Parcel number: 4202141
  • Zoning: RE

Features

  • Patio & porch: Patio
  • Exterior features: Patio,Rain Gutters,Storage,Screens,Fenced Yard,Gazebo,Garden
  • Fencing: Fenced

Lot

  • Lot size: 0.15 sqft

Parking

  • Total spaces: 4
  • Parking features: Paved Drive,Off Street,Tandem,Paved
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,236$38,832
Home Insurance *$223$2,676
Property Taxes $456$5,472
Electricity $354$4,259
Total$4,269$51,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$146,365/yr
40% on housing$128,070/yr
45% on housing$113,840/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$571This listing

vs Other Active Listings

Avg $/sqft

ZIP 01843$294
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01843$376
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-04Price change$574,900
2026-04-20Listed for sale$599,900
2026-02-03Sold$450,000
2025-12-22Contingent$469,900
2025-12-15Price change$469,900
2025-11-28Price change$479,900
2025-11-14Listed for sale$484,900

For Sale by Agent

AgentCoa Realty Group
BrokerageEmpire Real Estate™

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