$2,199,000
●
House -
In Contract
1466 Main Street
Lynnfield, MA 01940
4 Beds
4 Baths,
1
Half Bath
5,000 Ft²
$10,798
Est. Monthly
About This Property
LOCATED IN MULTI MILLION DOLLAR LOCATION! RARE & HARD TO FIND!! NEW
CONSTRUCTION 1.87 ACRE PRIVATE RESORT LOT IDEAL FOR A POOL & SPORTS
COURT! Open Floor Plan w/9ft ceilings. Foyer is all open to a
FAMILY ROOM w/sliders out to composite deck overlooking the private
lot all open to White kitchen w/QUARTZ Countertops/GAS 5 burner SS
Stove/Oven, Oversized QUARTZ Island. Separate walk-in Butlers
Pantry w/stunning countertops & cabinetry. Mudroom is attached to a
three car oversized garage makes for easy living. The First Floor
study is tucked away & private on the first level. BLACK QUARTZ
Fireplace Family Rm off the Kitchen. The 2nd floor includes the
Master Suite is front to back w/walk-in closets, double sink
vanities, separate tiled shower w/seat+ plus soaking tub.
Additional THREE ENSUITE bedrooms w/FULL BATHS & stunning vanities.
Laundry room is conveniently located on 2nd floor.Lower level
Walks-out w/an additional Family Rm Minutes to Whole Foods,
Starbucks & Fine Dining & MORE!
Unit Size
5,000 Ft²
Days on Market
-
Land Size
1.87 acres
Price per sqft
$440
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
Listed By
Nikki Martin Team
Compass
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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: 2 years ago (MLSPIN #73236805)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Price Decreased |
$2,199,000
↓ $51K
(2.3%) | |
| Price Decreased | |||
| Jan 11, 2025 | Price Decreased |
$2,249,888
↓ $48K
(2.1%) | |
| Price Decreased | |||
| Dec 6, 2024 | Price Decreased |
$2,298,000
↓ $100K
(4.2%) | |
| Price Decreased | |||
| Dec 6, 2024 | Relisted | $2,398,000 | |
| Relisted | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Off Street
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Soaking Tub, Crown Molding, Recessed Lighting, Entrance Foyer, Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Closet, Bathroom - Half, Closet/Cabinets - Custom Built, Bathroom, Home Office, Mud Room, Great Room
Appliances: Water Heater, Tankless Water Heater, Range, Dishwasher, Microwave
Flooring Type: Wood, Flooring - Stone/Ceramic Tile, Flooring - Hardwood
Door Features: Insulated Doors
Laundry Features: Gas Dryer Hookup, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Second Floor
Rooms: 14
Has Fireplace
Fireplace Features: Family Room, Living Room
Fireplaces: 1
Basement: Full
Exterior Details
Square Footage: 5000
Square Footage Source: $0
Architectural Style: Colonial
Year Built Source: Builder
Year Built: 2024
Building Area Total: 5000
Building Area Units: Square Feet
Window Features: Insulated Windows, Window(s) - Picture
Construction Materials: Frame
Patio and Porch Features: Deck - Composite
Pool is Private
Lot Features: Corner Lot
Lot Size Area: 1.87
Lot Size Units: Acres
Lot Size Acres: 1.87
Lot Size Square Feet: 81457
Water Source: Private
Financial Details
Tax Assessed Value: $613,500
Utilities Details
Cooling Type: Central Air, Whole House Fan
Heating Type: Forced Air, Natural Gas, Propane
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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