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Lynnfield 01940
10 Fernway
$470,000
● House - Off Market

10 Fernway

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,704 Ft²
$1,040,524
RealtyHop Estimate
108.15%
Since Dec 1, 2012
MA-Boston
Primary Model

About This Property

Charming and spacious Wills built 9rm,4 bdrm,2.5 bth center entrance colonial w/ 2 car garage in a prime Lynnfield location known as Westknoll.  Eat in kitchen opens to 1st fl family rm. Large fireplaced Living Rm adjoins DR w/ crown molding,chair rail & wainscoting. Cozy 1st fl den w/ built-in bookcase has potential as 5th bdrm. The 2nd fl has 4 generous size bdrms including Master with private bth. Large LL Game Room w/2nd frplc. Home has great potential & is in a very convenient location.
Unit Size
2,704 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$185
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1965

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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: 5 months ago (MLSPIN #71400633)

Price History

Date / Event Date Event Price
Nov 7, 2012 Sold
Premium
Sold
Jun 22, 2012 Listed by Waterfield Sotheby's International Realty $499,900
Listed by Waterfield Sotheby's International Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,304
  • 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: 2,666
  • Gross Building Area: 3,509
  • Building Area: 2,666
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,666
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:0045 B:0000 L:1912
  • Lot: 1912
  • Municipality: LYNNFIELD
  • Latitude: 42.5193
  • Longitude: -71.0303

    Address

  • Full Address: 10 Fernway
  • Address - House Number: 10
  • Address - Street Name: Fernway
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2114
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $974,100

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,022,211
  • High Value: 1,196,830
  • Low Value: 847,592

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $926,800
  • Assessed Land Value: $542,400
  • Assessed Improvements Value: $384,400

    Sales

  • Current Sale Recording Date: Nov 07, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$999,995

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3715 ft²

Average Home Age

47.9 years

Currently For Sale

23 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: 5 months ago
Data Source: MLS PIN, MLS# 71400633

Frequently Asked Questions

When was property at 10 Fernway built and last sold?
The property at 10 Fernway was built in 1965 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 10 Fernway is $535,128.
What are some comparable homes to 10 Fernway?
There are currently no comparable homes to 10 Fernway.
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