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Lynnfield 01940
12 Putney Lane
$329,500
● House - Off Market

12 Putney Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,226 Ft²
$853,750
RealtyHop Estimate
144.00%
Since Mar 1, 2002
MA-Boston
Primary Model

About This Property

WONDERFUL RANCH HAS A LOVELY LIVING ROOM W/FIREPLACE AND BOW WINDOWS, NEWER KITCHEN HAS CERAMIC FLOOR, LIGHT OAK CABINETS, RECESSED LIGHTING. FIRST FLOOR FAMILY ROOM OFF KITCHEN, BEAUTIFUL 21K SF LOT IN GRT NEIGHBORHD.NEW SEPTIC
Unit Size
1,226 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$285
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1955

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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 years ago (MLSPIN #30529196)

Price History

Date / Event Date Event Price
Nov 18, 2004 Sold
Premium
Sold
Feb 12, 2002 Sold
Premium
Sold
Aug 1, 2001 Listed by Northrup Associates $349,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,296
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,079
  • Total Building Area: 2,125
  • Gross Building Area: 2,561
  • Building Area: 2,125
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,125
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN MDW PARK SEC 11
  • Land Acres: 0000000484
  • 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:0041 B:0000 L:2752
  • Lot: 2752
  • Municipality: LYNNFIELD
  • Latitude: 42.5231
  • Longitude: -71.0276

    Address

  • Full Address: 12 Putney Ln
  • Address - House Number: 12
  • Address - Street Name: Putney
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2120
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $793,100

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 877,948
  • High Value: 1,026,268
  • Low Value: 729,627

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $754,600
  • Assessed Land Value: $543,800
  • Assessed Improvements Value: $210,800

    Sales

  • Current Sale Recording Date: Nov 18, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 12, 2002
  • Previous Sale Amount: $329,550
  • 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:

$999,000

Sale Price/ft²

$403

Below Asking

0.02%

Average Days on Market

53

Average Home Size

3719 ft²

Average Home Age

51.5 years

Currently For Sale

22 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30529196

Frequently Asked Questions

When was property at 12 Putney Lane built and last sold?
The property at 12 Putney Lane was built in 1955 and last sold on Jan 1, 1970 for $454,000.
How much is this home worth?
The estimated value of the home located at 12 Putney Lane is $0.
What are some comparable homes to 12 Putney Lane?
There are currently no comparable homes to 12 Putney Lane.
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