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Lynnfield 01940
16 Saunders Road
$520,000
● House - Off Market

16 Saunders Road

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,969 Ft²
$975,995
RealtyHop Estimate
85.94%
Since Sep 1, 2004
MA-Boston
Primary Model

About This Property

Ideal dead end cul de sac setting! Very desirable location and minutes to center of town.  Warm & cozy 4+ bedroom split with 2 full baths, 2 car garage, newer windows & heating system.  3 season porch overlooks private yard.  48 hour response for offers.
Unit Size
1,969 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$267
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1957

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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 #70051408)

Price History

Date / Event Date Event Price
Mar 1, 2021 Sold
Premium
Sold
Dec 9, 2020 Listed by Coldwell Banker Residential Brokerage - Lynnfield $669,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Aug 31, 2004 Sold
Premium
Sold
Jun 16, 2004 Listed by Coldwell Banker Residential Brokerage - Lynnfield $524,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 16,152
  • Total Building Area: 1,860
  • Gross Building Area: 3,576
  • Building Area: 1,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,860
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000371
  • 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: RA

Geography

  • District: 164
  • Parcel: LYNF M:0024 B:0000 L:0124
  • Lot: 124
  • Municipality: LYNNFIELD
  • Latitude: 42.544
  • Longitude: -71.0497

    Address

  • Full Address: 16 Saunders Rd
  • Address - House Number: 16
  • Address - Street Name: Saunders
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1747
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $817,200

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 904,505
  • High Value: 1,044,344
  • Low Value: 764,665

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $777,500
  • Assessed Land Value: $542,700
  • Assessed Improvements Value: $234,800

    Sales

  • Current Sale Contract Date: Mar 01, 2021
  • Current Sale Recording Date: Mar 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210301004180
  • Previous Sale Recording Date: Aug 31, 2004
  • Previous Sale Amount: $520,000
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70051408

Frequently Asked Questions

When was property at 16 Saunders Road built and last sold?
The property at 16 Saunders Road was built in 1957 and last sold on Mar 1, 2021 for $765,000.
How much is this home worth?
The estimated value of the home located at 16 Saunders Road is $680,617.
What are some comparable homes to 16 Saunders Road?
There are currently no comparable homes to 16 Saunders Road.
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