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Lynnfield 01940
1060 Main St.
$800,000
● House - Off Market

1060 Main St.

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,923 Ft²
$4,933
Est. Monthly

About This Property

Oversized Ranch is desirable Lynnfield Location set on a beautiful lot just under an acre! 3 bedrooms 2.5 bath home with large eat in kitchen leading to the sprawling backyard. Large family and dining rooms great for entertaining. In law potential with spacious, finished basement with walk out access to second driveway. Other features include newer roof, central AC, 2 car garage, 2 wood burning fireplaces and much more. Great location in Lynnfield, convenient to the town Center, major transportation points, and bustling Market Street.
Unit Size
2,923 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$291
Property Type
House
Property Taxes
$760
HOA Dues
-
Year Built
1957

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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 #73128188)

Price History

Date / Event Date Event Price
Dec 14, 2023 Sold
Premium
Sold
Nov 16, 2023 In contract -
In contract
Nov 1, 2023 Relisted $849,900
Relisted
Nov 1, 2023 No longer available -
No longer available
Oct 13, 2023 Price Decreased $849,900
↓ $25K (2.9%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 2,264
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,301
  • Total Building Area: 2,923
  • Gross Building Area: 4,457
  • Building Area: 2,923
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,923
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000971
  • 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: RC

Geography

  • District: 164
  • Parcel: LYNF M:0016 B:0000 L:1861
  • Lot: 1861
  • Municipality: LYNNFIELD
  • Latitude: 42.5519
  • Longitude: -71.0433

    Address

  • Full Address: 1060 Main St
  • Address - House Number: 1060
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1141
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $963,900

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 820,392
  • High Value: 886,260
  • Low Value: 754,524

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $917,100
  • Assessed Land Value: $625,100
  • Assessed Improvements Value: $292,000

    Sales

  • Current Sale Contract Date: Dec 14, 2023
  • Current Sale Recording Date: Dec 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231214002110
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

55

Average Home Size

3603 ft²

Average Home Age

47.8 years

Currently For Sale

24 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# 73128188

Frequently Asked Questions

When was property at 1060 Main Street built and last sold?
The property at 1060 Main Street was built in 1957 and last sold on Dec 14, 2023 for $800,000.
How much is this home worth?
The estimated value of the home located at 1060 Main Street is $883,007.
What are some comparable homes to 1060 Main Street?
There are currently no comparable homes to 1060 Main Street.
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