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Lynnfield 01940
1 Locksley Rd
$435,000
● House - Off Market

1 Locksley Rd

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,505 Ft²
$803,674
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

Opportunity to enter Lynnfield at a great price! Wonderful starter or downsize home on a treed corner lot with maintenance free brick exterior, lovely private brick patio accessed through French doors from the spacious dining room. Gracious front foyer adds charm and space, and leads to the gas fireplaced living room. Kitchen offers white custom cabinetry with pull-out shelving, granite counters with tile accents, recessed lighting and large windows. Side entry through a mud room provides space for coats and boots, and the wine rack! Two bedrooms complete the first floor (septic for 3 beds). Large family room in the basement provides lots of space to recreate, while leaving tons of room for storage; bulkhead access to the backyard. Complete some needed updates, and this charming house can be the home of your dreams.
Unit Size
1,505 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$316
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71958680)

Price History

Date / Event Date Event Price
Oct 20, 2021 Sold
Premium
Sold
Aug 25, 2021 Listed by Coldwell Banker Residential Brokerage - Lynnfield $899,999
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Feb 14, 2018 Sold
Premium
Sold
Apr 14, 2016 Sold
Premium
Sold
Feb 12, 2016 Listed by Coldwell Banker Residential Brokerage - Lynnfield $475,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,190
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,983
  • Total Building Area: 2,940
  • Gross Building Area: 5,630
  • Building Area: 2,940
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,940
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000275
  • 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:0047 B:0000 L:2475
  • Lot: 2475
  • Municipality: LYNNFIELD
  • Latitude: 42.5169
  • Longitude: -71.0077

    Address

  • Full Address: 1 Locksley Rd
  • Address - House Number: 1
  • Address - Street Name: Locksley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1411
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,049,800

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,089,713
  • High Value: 1,275,863
  • Low Value: 903,563

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $998,900
  • Assessed Land Value: $475,500
  • Assessed Improvements Value: $523,400

    Sales

  • Current Sale Contract Date: Oct 20, 2021
  • Current Sale Recording Date: Oct 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 630282
  • Previous Sale Recording Date: Feb 14, 2018
  • Previous Sale Contract Date: Jan 25, 2018
  • Previous Sale Amount: $740,000
  • 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

55

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: 4 months ago
Data Source: MLS PIN, MLS# 71958680

Frequently Asked Questions

When was property at 1 Locksley Road built and last sold?
The property at 1 Locksley Road was built in 1948 and last sold on Oct 20, 2021 for $950,000.
How much is this home worth?
The estimated value of the home located at 1 Locksley Road is $933,429.
What are some comparable homes to 1 Locksley Road?
There are currently no comparable homes to 1 Locksley Road.
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