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Lynnfield 01940
16 Thomas Rd
$750,000
● House - Off Market

16 Thomas Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,500 Ft²
$1,034,536
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Welcome home to Lynnfield! A rare opportunity for a fully renovated ranch in the sought after Glen Meadow neighborhood, just a short walk away from the new Glen Meadow Park, the Huckleberry School, as well as M street shopping and restaurants! Commuters will appreciate the close proximity to both Route 1 and 95. This home boasts beautifully updated living and entertaining space, all on a well manicured and newly fenced corner lot! All new flooring and paint, fully renovated kitchen, newer roof, brand new furnace, an impressive master suite, finished basement, and the list goes on! All you have to do with this one is turn the key.     All offers due Monday April 29th by 5pm.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$207
Property Type
House
Property Taxes
$683
HOA Dues
-
Year Built
1954

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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: 5 months ago (MLSPIN #72486884)

Price History

Date / Event Date Event Price
Jun 10, 2019 Sold
Premium
Sold
Apr 24, 2019 Listed by Stuart St James, Inc. $724,999
Listed by Stuart St James, Inc.
Nov 27, 2017 Sold
Premium
Sold
Sep 28, 2017 Listed by Stuart St James, Inc. $699,000
Listed by Stuart St James, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,791
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,119
  • Total Building Area: 3,113
  • Gross Building Area: 4,427
  • Building Area: 3,113
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,113
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000393
  • 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:0041 B:0000 L:1935
  • Lot: 1935
  • Municipality: LYNNFIELD
  • Latitude: 42.5246
  • Longitude: -71.0286

    Address

  • Full Address: 16 Thomas Rd
  • Address - House Number: 16
  • Address - Street Name: Thomas
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2150
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $906,300

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,044,563
  • High Value: 1,206,057
  • Low Value: 883,070

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $862,300
  • Assessed Land Value: $542,900
  • Assessed Improvements Value: $319,400

    Sales

  • Current Sale Contract Date: Jun 06, 2019
  • Current Sale Recording Date: Jun 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190610001370
  • Previous Sale Recording Date: Nov 27, 2017
  • Previous Sale Amount: $650,000
  • 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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

53

Average Home Size

3491 ft²

Average Home Age

47.6 years

Currently For Sale

23 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: 5 months ago
Data Source: MLS PIN, MLS# 72486884

Frequently Asked Questions

When was property at 16 Thomas Road built and last sold?
The property at 16 Thomas Road was built in 1954 and last sold on Jun 6, 2019 for $750,000.
How much is this home worth?
The estimated value of the home located at 16 Thomas Road is $796,473.
What are some comparable homes to 16 Thomas Road?
There are currently no comparable homes to 16 Thomas Road.
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