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Lynnfield 01940
1 Westway
Photo of 1 Westway
Sold on Jul 28, 2026

42

Map

Photo of 1 Westway
Photo of 1 Westway
$1,200,000
● House - Off Market

1 Westway

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,629 Ft²
$5,839
Est. Monthly

About This Property

Set on a beautifully landscaped .34-acre lot in one of Lynnfield's most desirable neighborhoods, this well-maintained ranch offers easy one-level living with three bedrooms and three full baths. The home features a flexible floor plan with spacious living areas, abundant natural light, and comfortable spaces for both everyday living and entertaining. The kitchen opens to an inviting living room, dining room, and family room, creating a warm and functional layout. The finished lower level offers great additional living space including a bonus room, second family room, kitchenette, and a full bath - ideal for extended family, guests, or flexible living needs. Brand new septic system to be installed prior to closing.
Unit Size
2,629 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$380
Property Type
House
Property Taxes
$933
HOA Dues
-
Year Built
1962

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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: 3 months ago (MLSPIN #73516241)

Price History

Date / Event Date Event Price
Jul 28, 2026 Sold
Premium
Sold
May 20, 2026 In contract -
In contract
May 11, 2026 Listed by Coldwell Banker Realty - Lynnfield $999,000
Listed by Coldwell Banker Realty - Lynnfield
Jul 6, 1988 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 2,172
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,015
  • Total Building Area: 2,629
  • Gross Building Area: 3,282
  • Building Area: 2,629
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,629
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000345
  • 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:0045 B:0000 L:1161
  • Lot: 1161
  • Municipality: LYNNFIELD
  • Latitude: 42.5203
  • Longitude: -71.0308

    Address

  • Full Address: 1 Westway
  • Address - House Number: 1
  • Address - Street Name: Westway
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2125
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $905,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,016,288
  • High Value: 1,176,815
  • Low Value: 855,761

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $861,900
  • Assessed Land Value: $542,500
  • Assessed Improvements Value: $319,400

    Sales

  • Current Sale Recording Date: Jul 06, 1988
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3644 ft²

Average Home Age

48.9 years

Currently For Sale

18 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

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Last Updated: 3 months ago
Data Source: MLS PIN, MLS# 73516241

Frequently Asked Questions

When was property at 1 Westway built and last sold?
The property at 1 Westway was built in 1962 and last sold on Jan 1, 1970 for $295,000.
How much is this home worth?
The estimated value of the home located at 1 Westway is $0.
What are some comparable homes to 1 Westway?
There are currently no comparable homes to 1 Westway.
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