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Lynnfield 01940
16 Sylvan Cir
$610,000
● House - Off Market

16 Sylvan Cir

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,684 Ft²
$630,797
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Sited on a beautiful quarter acre lot that has gorgeous curb appeal and a very private and level backyard, this lovely cape is loaded with charm and original detail.  The home currently is configured for single floor living with 2 generously sized bedrooms on the main level.  It also has the potential for expansion in the large walk up attic and boasts a finished room in the basement.  A brand new septic system was installed and upgraded in 2020 to allow for a 3rd  bedroom.  This home represents a great opportunity to move into a quiet and picturesque neighborhood in the town of Lynnfield with great access to highways and Market Street. Welcome home to Lynnfield!  Showings will begin this Thursday 17 June, at the open house scheduled for 4:30-6pm.
Unit Size
1,684 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$330
Property Type
House
Property Taxes
$598
HOA Dues
-
Year Built
1941

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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 #72848042)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Jun 14, 2021 Listed by William Raveis R.E. & Home Services $554,900
Listed by William Raveis R.E. & Home Services
Jul 3, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,104
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,922
  • Total Building Area: 1,684
  • Gross Building Area: 3,708
  • Building Area: 1,684
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,684
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000274
  • 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:2882
  • Lot: 2882
  • Municipality: LYNNFIELD
  • Latitude: 42.5115
  • Longitude: -70.9997

    Address

  • Full Address: 16 Sylvan Cir
  • Address - House Number: 16
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1545
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $654,800

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 750,740
  • High Value: 882,706
  • Low Value: 618,775

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $623,000
  • Assessed Land Value: $431,000
  • Assessed Improvements Value: $192,000

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 628004
  • Previous Sale Recording Date: Jul 03, 1990
  • Previous Sale Amount: $153,000
  • 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:

$999,000

Sale Price/ft²

$406

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3895 ft²

Average Home Age

47.6 years

Currently For Sale

20 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72848042

Frequently Asked Questions

When was property at 16 Sylvan Circle built and last sold?
The property at 16 Sylvan Circle was built in 1941 and last sold on Aug 6, 2021 for $610,000.
How much is this home worth?
The estimated value of the home located at 16 Sylvan Circle is $0.
What are some comparable homes to 16 Sylvan Circle?
There are currently no comparable homes to 16 Sylvan Circle.
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