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Lynnfield 01940
16 Nottingham Rd
$636,000
● House - Off Market

16 Nottingham Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,283 Ft²
$694,672
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Located in Lynnfield's Sherwood Forest Neighborhood, this beautiful raised ranch has unlimited potential.  Impeccably maintained, come and make this house your own. This home features 3 bedrooms and 2 full baths with 2 car garage. New septic installed, 2021. Located just minutes from Lynnfield Market Street and easy access to major routes. First showings at Open Houses, this Saturday, November 13th 10:30-12:00 PM and Sunday, November 14th 1:00-2:30 PM.
Unit Size
2,283 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$272
Property Type
House
Property Taxes
$714
HOA Dues
-
Year Built
1957

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #72917977)

Price History

Date / Event Date Event Price
Apr 5, 2022 Sold
Premium
Sold
Dec 31, 2021 Sold
Premium
Sold
Nov 9, 2021 Listed by Compass $619,900
Listed by Compass

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,227
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,598
  • Total Building Area: 2,283
  • Gross Building Area: 3,201
  • Building Area: 2,283
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,283
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000404
  • 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:0046 B:0000 L:2174
  • Lot: 2174
  • Municipality: LYNNFIELD
  • Latitude: 42.5183
  • Longitude: -71.0137

    Address

  • Full Address: 16 Nottingham Rd
  • Address - House Number: 16
  • Address - Street Name: Nottingham
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 2251
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $935,800

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 643,298
  • High Value: 694,947
  • Low Value: 591,648

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $890,400
  • Assessed Land Value: $543,000
  • Assessed Improvements Value: $347,400

    Sales

  • Current Sale Contract Date: Apr 05, 2022
  • Current Sale Recording Date: Apr 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 635222
  • Previous Sale Recording Date: Dec 31, 2021
  • Previous Sale Contract Date: Dec 29, 2021
  • Previous Sale Amount: $636,000
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3553 ft²

Average Home Age

49.5 years

Currently For Sale

19 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: 5 years ago
Data Source: MLS PIN, MLS# 72917977

Frequently Asked Questions

When was property at 16 Nottingham Road built and last sold?
The property at 16 Nottingham Road was built in 1957 and last sold on Apr 5, 2022 for $955,000.
How much is this home worth?
The estimated value of the home located at 16 Nottingham Road is $0.
What are some comparable homes to 16 Nottingham Road?
There are currently no comparable homes to 16 Nottingham Road.
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