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Lynnfield 01940
15 Tappan Way
$1,195,000
● House - Off Market

15 Tappan Way

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,780 Ft²
$2,266,014
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Exceptional Quality!  Abundance of Space, Beautiful Yard, Conveniently Located in a Desired Cul-de-Sac.  4 Finished Levels.  Elegant Neutral Decor. Well Appointed Kitchen Opens to Family Room & Dining Room. Home Office set apart on 1st Floor.  Dramatic 2 Story Foyer with Bridal Staircase.  9 Foot Ceilings, Open Floor Plan and Rich, Warm Hardwood Floors. Second Floor Bedroom Level has 3 Full Baths. Laundry and extra Wide Foyer with Double Doors to the Master Suite. Bonus Room on Third Floor. LL Game Room with Full Bath & Wet Bar Walks Out to Backyard.  3 Car Garage, Gas Heat, Central A/C, Security, Central Vac & More!
Unit Size
5,780 Ft²
Days on Market
-
Land Size
1.83 acres
Price per sqft
$216
Property Type
House
Property Taxes
$1,407
HOA Dues
-
Year Built
2007

Payment Calculator

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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 #71661793)

Price History

Date / Event Date Event Price
Jul 25, 2014 Sold
Premium
Sold
Apr 16, 2014 Listed by Northrup Associates $1,249,900
Listed by Northrup Associates
Apr 30, 2008 Sold
Premium
Sold
Sep 29, 2007 Listed by Northrup Associates $1,249,900
Listed by Northrup Associates

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,792
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 79,702
  • Total Building Area: 5,416
  • Gross Building Area: 7,718
  • Building Area: 5,416
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,416
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEFINITIVE PLAN TAPPAN WAY LYN
  • Land Acres: 0000001830
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0032 B:0000 L:0759
  • Lot: 759
  • Municipality: LYNNFIELD
  • Latitude: 42.5333
  • Longitude: -71.0644

    Address

  • Full Address: 15 Tappan Way
  • Address - House Number: 15
  • Address - Street Name: Tappan
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2525
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,746,600

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,898,133
  • High Value: 2,193,041
  • Low Value: 1,603,225

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,661,800
  • Assessed Land Value: $835,000
  • Assessed Improvements Value: $826,800

    Sales

  • Current Sale Recording Date: Jul 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72500290
  • Previous Sale Recording Date: Apr 30, 2008
  • Previous Sale Amount: $1,147,450
  • 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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3525 ft²

Average Home Age

50.2 years

Currently For Sale

26 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71661793

Frequently Asked Questions

When was property at 15 Tappan Way built and last sold?
The property at 15 Tappan Way was built in 2007 and last sold on Jan 1, 1970 for $1,195,000.
How much is this home worth?
The estimated value of the home located at 15 Tappan Way is $1,335,308.
What are some comparable homes to 15 Tappan Way?
There are currently no comparable homes to 15 Tappan Way.
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