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Lynnfield 01940
1 Melch Road
$455,000
● House - Off Market

1 Melch Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,541 Ft²
$864,390
RealtyHop Estimate
83.95%
Since Nov 1, 2004
MA-Boston
Primary Model

About This Property

Charming 3 Bedroom 1 1/2 bath Ranch in great family neighborhood with finished lower level playroom.  3 Season sunroom, hardwood floors.  Nice fenced in yard with deck and above ground pool.  One car garage with lots of storage above.  A pleasure to show!
Unit Size
2,541 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$185
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1954

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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 #70071452)

Price History

Date / Event Date Event Price
Mar 10, 2021 Sold
Premium
Sold
Oct 8, 2004 Sold
Premium
Sold
Aug 2, 2004 Listed by Northrup Associates $469,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 2,159
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 2,785
  • Gross Building Area: 3,848
  • Building Area: 2,785
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,785
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUCKLEBERRY HILL
  • Land Acres: 0000000344
  • 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:0042 B:0000 L:2441
  • Lot: 2441
  • Municipality: LYNNFIELD
  • Latitude: 42.5229
  • Longitude: -71.0208

    Address

  • Full Address: 1 Melch Rd
  • Address - House Number: 1
  • Address - Street Name: Melch
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2027
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $709,500

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 849,882
  • High Value: 994,540
  • Low Value: 705,225

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $675,100
  • Assessed Land Value: $442,600
  • Assessed Improvements Value: $232,500

    Sales

  • Current Sale Contract Date: Mar 10, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210310002300
  • Previous Sale Recording Date: Oct 08, 2004
  • Previous Sale Amount: $455,000
  • Previous 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:

$999,000

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3895 ft²

Average Home Age

47.6 years

Currently For Sale

20 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# 70071452

Frequently Asked Questions

When was property at 1 Melch Road built and last sold?
The property at 1 Melch Road was built in 1954 and last sold on Mar 10, 2021 for $665,000.
How much is this home worth?
The estimated value of the home located at 1 Melch Road is $507,791.
What are some comparable homes to 1 Melch Road?
There are currently no comparable homes to 1 Melch Road.
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