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Lynnfield 01940
16 Edward Avenue
$377,000
● House - Off Market

16 Edward Avenue

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,344 Ft²
$829,853
RealtyHop Estimate
112.84%
Since Apr 1, 2003
MA-Boston
Primary Model

About This Property

CHARMING 7 ROOM CAPE IN LOVELY FAMILY NEIGHBORHOOD. FIREPLACED LIVING ROOM, FIRST FLOOR DEN, EAT-IN KITCHEN. ENCLOSED PORCH.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$290
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1950

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: 4 years ago (MLSPIN #30687677)

Price History

Date / Event Date Event Price
Apr 1, 2003 Sold
Premium
Sold
Feb 7, 2003 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $389,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Aug 21, 1998 Sold
Premium
Sold
Jun 9, 1998 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $229,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,766
  • Total Building Area: 1,459
  • Gross Building Area: 2,532
  • Building Area: 1,459
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,459
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • 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: RB1

Geography

  • District: 164
  • Parcel: LYNF M:0032 B:0000 L:2041
  • Lot: 2041
  • Municipality: LYNNFIELD
  • Latitude: 42.5301
  • Longitude: -71.0672

    Address

  • Full Address: 16 Edward Ave
  • Address - House Number: 16
  • Address - Street Name: Edward
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2541
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $761,400

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 834,348
  • High Value: 962,034
  • Low Value: 706,661

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $724,500
  • Assessed Land Value: $527,300
  • Assessed Improvements Value: $197,200

    Sales

  • Current Sale Recording Date: Apr 01, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 21, 1998
  • Previous Sale Amount: $225,000
  • 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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3689 ft²

Average Home Age

45.8 years

Currently For Sale

21 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

$4,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30687677

Frequently Asked Questions

When was property at 16 Edward Avenue built and last sold?
The property at 16 Edward Avenue was built in 1950 and last sold on Jan 1, 1970 for $377,000.
How much is this home worth?
The estimated value of the home located at 16 Edward Avenue is $0.
What are some comparable homes to 16 Edward Avenue?
There are currently no comparable homes to 16 Edward Avenue.
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