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Lynnfield 01940
16 Maple Street
$420,000
● House - Off Market

16 Maple Street

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,500 Ft²
$626,546
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Great starter home for first time home buyers looking to live in Lynnfield! This home offers a fire-placed living room, eat-in kitchen and dining room perfect for family gatherings and holidays.  Three bedrooms, office, 1.5 baths and hardwood floors through-out.  Two car garage and plenty of parking.  First showings at Open House 4/29 and 4/30 from 12-1:30pm.  Come by and tour!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$267
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1948

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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 #72153482)

Price History

Date / Event Date Event Price
Jun 20, 2017 Sold
Premium
Sold
Apr 26, 2017 Listed by Coldwell Banker Residential Brokerage - Lynnfield $399,999
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 3
  • Basement Area: 1,470
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 2,695
  • Gross Building Area: 3,030
  • Building Area: 2,695
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,695
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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:0052 B:0000 L:1778
  • Lot: 1778
  • Municipality: LYNNFIELD
  • Latitude: 42.5125
  • Longitude: -71.0077

    Address

  • Full Address: 16 Maple St
  • Address - House Number: 16
  • Address - Street Name: Maple
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C013
  • 4-Digit Zip Code: 2306
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $733,800

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 855,655
  • High Value: 1,006,063
  • Low Value: 705,248

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $698,200
  • Assessed Land Value: $483,500
  • Assessed Improvements Value: $214,700

    Sales

  • Current Sale Recording Date: Jun 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 526
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

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72153482

Frequently Asked Questions

When was property at 16 Maple Street built and last sold?
The property at 16 Maple Street was built in 1948 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 16 Maple Street is $420,325.
What are some comparable homes to 16 Maple Street?
There are currently no comparable homes to 16 Maple Street.
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