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Lynnfield 01940
2 Coleman Ave
$210,000
● House - Off Market

2 Coleman Ave

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,104 Ft²
$868,251
RealtyHop Estimate
304.03%
Since Jan 1, 1998
MA-Boston
Primary Model

About This Property

BRICK RANCH ON LOVELY SIDE STREET.  THREE BR'S, 1 BATH,ATTACHED GAR, FIREPLACE, 1 YR OLD HEAT & HOT WATER. 2 YR OLD SEPTIC SYSTEM. MON-IN CONDITION.  A SECOND DETACHEDN GARAGE AND DRIVEWAY IN REAR OF PROPERTY.
Unit Size
1,104 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$195
Property Type
House
Property Taxes
$178
HOA Dues
-
Year Built
1946

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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 years ago (MLSPIN #30189723)

Price History

Date / Event Date Event Price
Jul 31, 2006 Sold
Premium
Sold
Dec 22, 1997 Sold
Premium
Sold
Oct 14, 1997 Listed by Northrup Associates $214,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 1,034
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,402
  • Total Building Area: 2,346
  • Gross Building Area: 3,878
  • Building Area: 2,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,346
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNFIELD
  • Land Acres: 0000000239
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0032 B:0000 L:2061
  • Lot: 2061
  • Municipality: LYNNFIELD
  • Latitude: 42.5299
  • Longitude: -71.066

    Address

  • Full Address: 2 Coleman Ave
  • Address - House Number: 2
  • Address - Street Name: Coleman
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2503
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $930,600

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 969,313
  • High Value: 1,133,151
  • Low Value: 805,475

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $885,400
  • Assessed Land Value: $521,000
  • Assessed Improvements Value: $364,400

    Sales

  • Current Sale Recording Date: Jul 31, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 22, 1997
  • Previous Sale Amount: $210,000
  • 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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3525 ft²

Average Home Age

50.2 years

Currently For Sale

26 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30189723

Frequently Asked Questions

When was property at 2 Coleman Avenue built and last sold?
The property at 2 Coleman Avenue was built in 1946 and last sold on Jan 1, 1970 for $545,000.
How much is this home worth?
The estimated value of the home located at 2 Coleman Avenue is $232,522.
What are some comparable homes to 2 Coleman Avenue?
There are currently no comparable homes to 2 Coleman Avenue.
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