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Lynnfield 01940
1 Archer Lane
$440,000
● House - Off Market

1 Archer Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$813,691
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Beautiful 3 bedroom Raised Ranch located in Sherwood Forest, with features of up-dated eat-in kitchen, GRANITE counters, Fireplace in Living Room and Family Room, Formal Dining Room, hardwood floors, 2 Car Garage with storage, MANY updates including patio, roof, windows , heating system & much more. Great Family neighborhood close to schools & the new LYNNFIELD MARKET PLACE for great shopping and dining!!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$261
Property Type
House
Property Taxes
$512
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #71757445)

Price History

Date / Event Date Event Price
Jul 10, 2015 Sold
Premium
Sold
Oct 15, 2014 Listed by Northrup Associates $469,000
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,311
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,756
  • Total Building Area: 2,297
  • Gross Building Area: 3,087
  • Building Area: 2,297
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,297
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000476
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lynnfield School District
  • School Tax School District: LYNNFIELD SD
  • Census Tract: 209100

Zoning

  • Zoning: RA

Geography

  • District: 164
  • Parcel: LYNF M:0046 B:0000 L:1222
  • Lot: 1222
  • Municipality: LYNNFIELD
  • Latitude: 42.5208
  • Longitude: -71.0166

    Address

  • Full Address: 1 Archer Ln
  • Address - House Number: 1
  • Address - Street Name: Archer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 2219
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $877,900

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 852,359
  • High Value: 998,060
  • Low Value: 706,659

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $835,300
  • Assessed Land Value: $543,700
  • Assessed Improvements Value: $291,600

    Sales

  • Current Sale Recording Date: Jul 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 563342
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lynnfield

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71757445

Frequently Asked Questions

When was property at 1 Archer Lane built and last sold?
The property at 1 Archer Lane was built in 1963 and last sold on Jan 1, 1970 for $440,000.
How much is this home worth?
The estimated value of the home located at 1 Archer Lane is $489,426.
What are some comparable homes to 1 Archer Lane?
There are currently no comparable homes to 1 Archer Lane.
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