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Lynnfield 01940
1364 Main Street
$400,000
● House - Off Market

1364 Main Street

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,602 Ft²
$858,757
RealtyHop Estimate
91.26%
Since Nov 1, 2007
MA-Boston
Primary Model

About This Property

A beautiful 1 1/2 acre lot, in the area of the Sagamore Golf Course.     Property has great potential for either renovation or new construction.     Builders bring your clients or Buyers with a desire for home improvement     this property could put you in Lynnfield.
Unit Size
1,602 Ft²
Days on Market
-
Land Size
1.56 acres
Price per sqft
$280
Property Type
House
Property Taxes
$446
HOA Dues
-
Year Built
2008

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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 #70545637)

Price History

Date / Event Date Event Price
Jul 21, 2009 Sold
Premium
Sold
Sep 16, 2008 Listed by Carlson GMAC Real Estate $1,175,000
Listed by Carlson GMAC Real Estate
Oct 2, 2007 Sold
Premium
Sold
Mar 23, 2007 Listed by Carlson GMAC Real Estate $449,000
Listed by Carlson GMAC Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 9
  • 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: 2
  • 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: 2,536
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 68,176
  • Total Building Area: 4,961
  • Gross Building Area: 8,564
  • Building Area: 4,961
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,961
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001565
  • 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: RD

Geography

  • District: 164
  • Parcel: LYNF M:0008 B:0000 L:2087
  • Lot: 2087
  • Municipality: LYNNFIELD
  • Latitude: 42.5619
  • Longitude: -71.0401

    Address

  • Full Address: 1364 Main St
  • Address - House Number: 1364
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C009
  • 4-Digit Zip Code: 1034
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,984,200

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,903,448
  • High Value: 2,228,605
  • Low Value: 1,578,292

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,887,900
  • Assessed Land Value: $615,300
  • Assessed Improvements Value: $1,272,600

    Sales

  • Current Sale Recording Date: Jul 21, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 501062
  • Previous Sale Recording Date: Oct 02, 2007
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: 48
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

$400

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3523 ft²

Average Home Age

48.4 years

Currently For Sale

25 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# 70545637

Frequently Asked Questions

When was property at 1364 Main Street built and last sold?
The property at 1364 Main Street was built in 2008 and last sold on Jan 1, 1970 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 1364 Main Street is $1,241,019.
What are some comparable homes to 1364 Main Street?
There are currently no comparable homes to 1364 Main Street.
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