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Lynnfield 01940
17 Putney Lane
$500,000
● House - Off Market

17 Putney Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,109 Ft²
$682,014
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION!!  This charming ranch on a corner lot in Glen Meadow is waiting for your touches! Walk in to an inviting open living and dining area featuring hardwood floors and a fireplace.  The dining area is right off the kitchen and has access to the level backyard backing up to the Glen Meadow Park.  This home also features 1 Full bathroom with shower and tub, as well as 3 bedrooms. Additional Features include newer Roof, Central air, Hot water Tank as well as oil tank - all approx. 10 years old, and new paved driveway. Easy one level living!! Close to the top rated Lynnfield schools, walking distance to Glen Meadow park as well as the Huckleberry Hill School, and Market Street!
Unit Size
1,109 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$450
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
2020

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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 #72621179)

Price History

Date / Event Date Event Price
Apr 2, 2021 Sold
Premium
Sold
Jan 28, 2021 Listed by William Raveis R.E. & Home Services $1,299,900
Listed by William Raveis R.E. & Home Services
Jun 5, 2020 Sold
Premium
Sold
Feb 19, 2020 Listed by William Raveis R.E. & Home Services $499,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,109
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 2,052
  • Gross Building Area: 2,253
  • Building Area: 2,052
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,052
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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:2738
  • Lot: 2738
  • Municipality: LYNNFIELD
  • Latitude: 42.5231
  • Longitude: -71.0269

    Address

  • Full Address: 17 Putney Ln
  • Address - House Number: 17
  • Address - Street Name: Putney
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2119
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,303,000

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,309,636
  • High Value: 1,533,355
  • Low Value: 1,085,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,239,800
  • Assessed Land Value: $542,400
  • Assessed Improvements Value: $697,400

    Sales

  • Current Sale Contract Date: Apr 01, 2021
  • Current Sale Recording Date: Apr 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210402001510
  • Previous Sale Recording Date: Jun 05, 2020
  • Previous Sale Contract Date: May 01, 2020
  • Previous Sale Amount: $500,000
  • 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:

$999,000

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72621179

Frequently Asked Questions

When was property at 17 Putney Lane built and last sold?
The property at 17 Putney Lane was built in 2020 and last sold on Apr 1, 2021 for $1,300,000.
How much is this home worth?
The estimated value of the home located at 17 Putney Lane is $1,381,926.
What are some comparable homes to 17 Putney Lane?
There are currently no comparable homes to 17 Putney Lane.
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