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Lynnfield 01940
1 Mitchell Rd
$840,000
● House - Off Market

1 Mitchell Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,628 Ft²
$863,576
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Delightful Cape Cod home nestled on a quiet Lynnfield street, close to the center of town. Enjoy 3 levels of finished space including the finished basement with an additional living room, washer dryer hook-ups, and lots of storage. The main level boasts a spacious living room open to the dining room, a modern kitchen, updated bathroom, generously sized bedroom and a large breezeway/mudroom that leads to the backyard and garage. The top level has 2 sizable bedrooms and a modern full bath. Completing this wonderful property is a 1 car garage, expansive, level fenced-in yard, new front porch & rear deck, new tankless hot water system and a new gas heating system. Don't miss out on this move in ready home!
Unit Size
2,628 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$323
Property Type
House
Property Taxes
$672
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 #72971455)

Price History

Date / Event Date Event Price
Jun 23, 2023 Sold
Premium
Sold
Jun 30, 2022 Sold
Premium
Sold
Apr 26, 2022 Listed by Redfin Corp. $849,900
Listed by Redfin Corp.
Apr 8, 2022 Sold
Premium
Sold
Dec 30, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 4
  • Exterior Walls Type: 19
  • 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: 816
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,601
  • Total Building Area: 2,098
  • Gross Building Area: 3,082
  • Building Area: 2,098
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,098
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN & PROFILE MITCHELL ROAD
  • Land Acres: 0000000381
  • 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: 209200

Zoning

  • Zoning: RA

Geography

  • District: 164
  • Parcel: LYNF M:0020 B:0000 L:2646
  • Lot: 2646
  • Municipality: LYNNFIELD
  • Latitude: 42.5448
  • Longitude: -71.0424

    Address

  • Full Address: 1 Mitchell Rd
  • Address - House Number: 1
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1112
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $841,000

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 898,452
  • High Value: 1,051,872
  • Low Value: 745,032

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $800,200
  • Assessed Land Value: $542,800
  • Assessed Improvements Value: $257,400

    Sales

  • Current Sale Contract Date: Jun 23, 2023
  • Current Sale Recording Date: Jun 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230623001210
  • Previous Sale Recording Date: Jun 30, 2022
  • Previous Sale Contract Date: Jun 30, 2022
  • Previous Sale Amount: $840,000
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3553 ft²

Average Home Age

49.5 years

Currently For Sale

19 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# 72971455

Frequently Asked Questions

When was property at 1 Mitchell Road built and last sold?
The property at 1 Mitchell Road was built in 1954 and last sold on Jun 23, 2023 for $870,000.
How much is this home worth?
The estimated value of the home located at 1 Mitchell Road is $871,353.
What are some comparable homes to 1 Mitchell Road?
There are currently no comparable homes to 1 Mitchell Road.
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