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Lynnfield 01940
12 Fernway
$490,000
● House - Off Market

12 Fernway

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,071,226
RealtyHop Estimate
106.40%
Since Oct 1, 2012
MA-Boston
Primary Model

About This Property

Private wooded lot in desirable Westknoll neighborhood. Royal Barry Wills built 4BR Colonial with front to back living room, eat-in kitchen and cozy family room with Cathedral ceilings leading out to the stone patio which overlooks the serene, nature-inspired backyard. Lower level bonus room with fireplace. Two car garage. Very convenient to major routes.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$208
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #71390966)

Price History

Date / Event Date Event Price
Sep 24, 2012 Sold
Premium
Sold
Jun 1, 2012 Listed by RE/MAX Advantage Real Estate $519,000
Listed by RE/MAX Advantage Real Estate
Sep 30, 2004 Sold
Premium
Sold
Jun 13, 2004 Listed by RE/MAX Advantage Real Estate $619,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 2,332
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 2,349
  • Gross Building Area: 3,538
  • Building Area: 2,349
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,349
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WORTKNOLL SEC I
  • 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:1915
  • Lot: 1915
  • Municipality: LYNNFIELD
  • Latitude: 42.5192
  • Longitude: -71.0299

    Address

  • Full Address: 12 Fernway
  • Address - House Number: 12
  • 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: $920,600

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 992,564
  • High Value: 1,161,507
  • Low Value: 823,621

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $875,900
  • Assessed Land Value: $542,400
  • Assessed Improvements Value: $333,500

    Sales

  • Current Sale Recording Date: Sep 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Sep 30, 2004
  • Previous Sale Amount: $612,000
  • Previous 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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3689 ft²

Average Home Age

45.8 years

Currently For Sale

21 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# 71390966

Frequently Asked Questions

When was property at 12 Fernway built and last sold?
The property at 12 Fernway was built in 1963 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 12 Fernway is $555,004.
What are some comparable homes to 12 Fernway?
There are currently no comparable homes to 12 Fernway.
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