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Lynnfield 01940
1 Locust Street
$480,000
● House - Off Market

1 Locust Street

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,160 Ft²
$1,012,076
RealtyHop Estimate
106.59%
Since Aug 1, 2003
MA-Boston
Primary Model

About This Property

SALE SUBJECT TO SELLERS FINDING SUITABLE HOUSING. LOVELY "TURN OF THE CENTURY" HIP ROOF COLONIAL FEATURING HIGH CEILINGS, HARDWOOD FLOORS, LARGE ROOMS & BEAUTIFUL LOT. NEW SEPTIC INSTALLED BEFORE CLOSING.
Unit Size
2,160 Ft²
Days on Market
-
Land Size
0.86 acres
Price per sqft
$227
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1880

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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 years ago (MLSPIN #30722328)

Price History

Date / Event Date Event Price
Jul 14, 2003 Sold
Premium
Sold
May 14, 2003 Listed by RE/MAX 360 $489,900
Listed by RE/MAX 360

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • 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: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,944
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,449
  • Total Building Area: 2,376
  • Gross Building Area: 3,904
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000860
  • 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:0053 B:0000 L:1042
  • Lot: 1042
  • Municipality: LYNNFIELD
  • Latitude: 42.5144
  • Longitude: -70.9955

    Address

  • Full Address: 1 Locust St
  • Address - House Number: 1
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1564
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $799,900

    Appraisal Valuation

  • Standard Deviation: 0.1965
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 880,982
  • High Value: 1,054,166
  • Low Value: 707,798

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $761,100
  • Assessed Land Value: $447,800
  • Assessed Improvements Value: $313,300

    Sales

  • Current Sale Recording Date: Jul 14, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3748 ft²

Average Home Age

38.2 years

Currently For Sale

21 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30722328

Frequently Asked Questions

When was property at 1 Locust Street built and last sold?
The property at 1 Locust Street was built in 1880 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 1 Locust Street is $515,024.
What are some comparable homes to 1 Locust Street?
There are currently no comparable homes to 1 Locust Street.
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