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Lynnfield 01940
12 Edgemere Road
$540,000
● House - Off Market

12 Edgemere Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,602 Ft²
$783,770
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Welcome home to 12 Edgemere Road! Located just 2 miles to MARKET STREET ! This beautifully maintained home features a brand NEW custom kitchen, granite counters, and stainless steel appliances. The living room/dining room combo features new hardwood flooring, custom lighting and a wood burning fireplace. Off the dining room, enjoy your wood deck and private backyard that abuts Cedarwood Road which is a dead end street. The fire pit is a great place to take in the outdoors!  Additional updates include: interior paint, two new entry doors, carpet in bedrooms, hot water tank, 200 amp electrical service, updated bathroom with pedestal sink. Close to Huckleberry Hill Elementary School and only 15 miles to Boston. Easy to show!
Unit Size
1,602 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$343
Property Type
House
Property Taxes
$539
HOA Dues
-
Year Built
1937

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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 #72397051)

Price History

Date / Event Date Event Price
Jul 11, 2019 Sold
Premium
Sold
Sep 18, 2018 Listed by William Raveis R.E. & Home Services $549,900
Listed by William Raveis R.E. & Home Services

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 794
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,475
  • Total Building Area: 1,602
  • Gross Building Area: 2,664
  • Building Area: 1,602
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,602
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000332
  • 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:2565
  • Lot: 2565
  • Municipality: LYNNFIELD
  • Latitude: 42.5229
  • Longitude: -71.0175

    Address

  • Full Address: 12 Edgemere Rd
  • Address - House Number: 12
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 2208
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $775,000

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 790,497
  • High Value: 955,572
  • Low Value: 625,422

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $737,400
  • Assessed Land Value: $485,900
  • Assessed Improvements Value: $251,500

    Sales

  • Current Sale Contract Date: Jun 18, 2019
  • Current Sale Recording Date: Jul 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190711002290
  • Previous Sale Recording Date: Jul 11, 2019
  • Previous Sale Contract Date: Jun 18, 2019
  • Previous Sale Amount: $545,000
  • 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:

$999,000

Sale Price/ft²

$406

Below Asking

0.02%

Average Days on Market

55

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72397051

Frequently Asked Questions

When was property at 12 Edgemere Road built and last sold?
The property at 12 Edgemere Road was built in 1937 and last sold on Jun 18, 2019 for $545,000.
How much is this home worth?
The estimated value of the home located at 12 Edgemere Road is $563,454.
What are some comparable homes to 12 Edgemere Road?
There are currently no comparable homes to 12 Edgemere Road.
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