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Lynnfield 01940
2 Carpenter Rd
Photo of 2 Carpenter Rd

20

Map

Photo of 2 Carpenter Rd
Photo of 2 Carpenter Rd
$949,000
● House - Off Market

2 Carpenter Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,908 Ft²
$5,306
Est. Monthly

About This Property

Attention investors, contractors, and value-add buyers; This desirable location single family home offers strong upside potential for resale. Good size Cape Style Home featuring 3-4 bedrooms, fireplace, living room kitchen with granite countertops;  "SOLD-AS-IS".
Unit Size
1,908 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$497
Property Type
House
Property Taxes
$646
HOA Dues
-
Year Built
1953

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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: 2 months ago (MLSPIN #73491185)

Price History

Date / Event Date Event Price
Aug 2, 2026 No longer available -
No longer available
Apr 23, 2026 Price Decreased $949,000
↓ $50K (5%)
Price Decreased
Mar 25, 2026 Listed by MNG Realty $999,000
Listed by MNG Realty
Apr 25, 2005 Sold
Premium
Sold
Jan 25, 2005 Listed by MNG Realty $389,900
Listed by MNG Realty
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,256
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,846
  • Total Building Area: 1,908
  • Gross Building Area: 3,628
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0056 B:0000 L:0215
  • Lot: 215
  • Municipality: LYNNFIELD
  • Latitude: 42.5109
  • Longitude: -71.0097

    Address

  • Full Address: 2 Carpenter Rd
  • Address - House Number: 2
  • Address - Street Name: Carpenter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C016
  • 4-Digit Zip Code: 2319
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $682,600

    Appraisal Valuation

  • Standard Deviation: 0.1557
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 763,699
  • High Value: 882,460
  • Low Value: 644,938

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $649,500
  • Assessed Land Value: $426,900
  • Assessed Improvements Value: $222,600

    Sales

  • Current Sale Recording Date: Apr 25, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 27, 1996
  • Previous Sale Amount: $169,000
  • 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

$404

Below Asking

0.02%

Average Days on Market

54

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: 2 months ago
Data Source: MLS PIN, MLS# 73491185

Frequently Asked Questions

When was property at 2 Carpenter Road built and last sold?
The property at 2 Carpenter Road was built in 1953 and last sold on Jan 1, 1970 for $360,000.
How much is this home worth?
The estimated value of the home located at 2 Carpenter Road is $895,989.
What are some comparable homes to 2 Carpenter Road?
There are currently no comparable homes to 2 Carpenter Road.
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