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Lynnfield 01940
lot 1 Vallis Way
Photo of lot 1 Vallis Way
Sold on May 13, 2025

15

Map

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Photo of lot 1 Vallis Way
Photo of lot 1 Vallis Way
$1,200,000
● Land - Off Market

lot 1 Vallis Way

Lynnfield, MA 01940
bedrooms
Studio
bathrooms
0 Bath
$8,339,712
Est. Monthly

About This Property

LOT 1 IS 400' DOWN VALLIS WAY ON LEFT. This is a unique chance to build a dream home on level ground & free of wetlands, which is indeed a rarity.  note that the price mentioned is for the land only.  The binder coat of paving is complete  This gorgeous subdivision, encompassing a scenic 7-acre area, will eventually house just four homes, making it a private and desirable location. The options for building are flexible, Offering the choice of using an independent builder. Prospective buyers or visitors should remember to coordinate with the listing agent  The zoning allowing a 4 bedroom home plus offices is suitable for 3500-7000 sq ft homes. There are no wetlands in this subdivision.
Unit Size
-
Days on Market
-
Land Size
1.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$8,333,333
HOA Dues
-
Year Built
1992

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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: 2 years ago (MLSPIN #73073585)

Price History

Date / Event Date Event Price
May 13, 2025 Sold
Premium
Sold
Mar 19, 2025 In contract -
In contract
Mar 18, 2025 Price Increased $1,299,000
↑ $99K (8.3%)
Price Increased
Mar 17, 2025 Relisted $1,200,000
Relisted
Nov 21, 2024 In contract -
In contract
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 720
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,551
  • Total Building Area: 2,101
  • Gross Building Area: 3,303
  • Building Area: 2,101
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,101
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000357
  • 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:0052 B:0000 L:2131
  • Lot: 2131
  • Municipality: LYNNFIELD
  • Latitude: 42.5138
  • Longitude: -70.9993

    Address

  • Full Address: 1 Fall Way
  • Address - House Number: 1
  • Address - Street Name: Fall
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1585
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $889,300

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 953,901
  • High Value: 1,116,851
  • Low Value: 790,951

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $846,100
  • Assessed Land Value: $455,000
  • Assessed Improvements Value: $391,100

    Sales

  • Current Sale Contract Date: Dec 14, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211217005160
  • Previous Sale Recording Date: Jul 14, 2021
  • Previous Sale Contract Date: Jun 29, 2021
  • Previous Sale Amount: $625,000
  • Previous Sale Document Type: O
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

$403

Below Asking

0.02%

Average Days on Market

53

Average Home Size

3719 ft²

Average Home Age

51.5 years

Currently For Sale

22 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: 2 years ago
Data Source: MLS PIN, MLS# 73073585

Frequently Asked Questions

When was property at 1 Fall Way built and last sold?
The property at 1 Fall Way was built in 1992 and last sold on Dec 14, 2021 for $860,000.
How much is this home worth?
The estimated value of the home located at 1 Fall Way is $0.
What are some comparable homes to 1 Fall Way?
There are currently no comparable homes to 1 Fall Way.
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