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Lynnfield 01940
15 Gerry Road
$542,000
● House - Off Market

15 Gerry Road

Lynnfield, MA 01940
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,900 Ft²
$1,068,592
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

This is the one you have been waiting for!  Custom designed kitchen with Maple Cabinets and  Exquisite Granite counters, exceptional designer lighting, 48" built in SUB ZERO refrigerator, gorgeous tile floor spills into the eating area, with sliders to entertaining deck which overlooks the level backyard.  Five bedrooms, two full baths, hardwood floors, large level backyard.   Septic just installed, enjoy Glen Meadow Park.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$289
Property Type
House
Property Taxes
$500
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 months ago (MLSPIN #71497315)

Price History

Date / Event Date Event Price
May 24, 2013 Sold
Premium
Sold
Mar 20, 2013 Listed by RE/MAX Leading Edge $549,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1,101
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,298
  • Total Building Area: 2,008
  • Gross Building Area: 3,103
  • Building Area: 2,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000351
  • 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:1113
  • Lot: 1113
  • Municipality: LYNNFIELD
  • Latitude: 42.5262
  • Longitude: -71.0315

    Address

  • Full Address: 15 Gerry Rd
  • Address - House Number: 15
  • Address - Street Name: Gerry
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2051
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $860,200

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 994,584
  • High Value: 1,149,109
  • Low Value: 840,058

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $818,500
  • Assessed Land Value: $542,500
  • Assessed Improvements Value: $276,000

    Sales

  • Current Sale Recording Date: Jul 30, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180730001720
  • Previous Sale Recording Date: May 24, 2013
  • Previous Sale Amount: $542,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71497315

Frequently Asked Questions

When was property at 15 Gerry Road built and last sold?
The property at 15 Gerry Road was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 15 Gerry Road is $555,200.
What are some comparable homes to 15 Gerry Road?
There are currently no comparable homes to 15 Gerry Road.
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