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Lynnfield 01940
2 Lander
$395,000
● House - Off Market

2 Lander

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,480 Ft²
$756,436
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

LOCATION, LOCATION, LOCATION.  Renovate or Remodel? Open up the one level floor plan or build a second floor to double the living space?  Anything is possible in this desirable ranch located in Glen Meadow neighborhood of custom designed homes that have also been renovated though the years.  A 16,000 SQUARE FOOT CONFORMING LOT that is level and sits pretty on the corner offers a lovely setting for this home that already has upgraded electrical service, central AC, newer furnace in 2008 and roof in 2010. One car garage plus a private screen porch extends the living space.  Lynnfield schools, walk to MARKET STREET, easy access to RTE 128 and 95 and Boston just 20 minutes away.
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$280
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1955

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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 #71715329)

Price History

Date / Event Date Event Price
Sep 30, 2014 Sold
Premium
Sold
Jul 17, 2014 Listed by Northrup Associates $414,900
Listed by Northrup Associates
Nov 29, 1993 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,723
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,000
  • Total Building Area: 4,007
  • Gross Building Area: 7,097
  • Building Area: 4,007
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,007
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000367
  • 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:0045 B:0000 L:0657
  • Lot: 657
  • Municipality: LYNNFIELD
  • Latitude: 42.5213
  • Longitude: -71.0278

    Address

  • Full Address: 2 Lander Rd
  • Address - House Number: 2
  • Address - Street Name: Lander
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2117
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,305,300

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,475,393
  • High Value: 1,704,621
  • Low Value: 1,246,165

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,242,000
  • Assessed Land Value: $542,600
  • Assessed Improvements Value: $699,400

    Sales

  • Current Sale Recording Date: Sep 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93000425
  • Previous Sale Recording Date: Nov 29, 1993
  • Previous Sale Amount: $194,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71715329

Frequently Asked Questions

When was property at 2 Lander Road built and last sold?
The property at 2 Lander Road was built in 1955 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 2 Lander Road is $426,668.
What are some comparable homes to 2 Lander Road?
There are currently no comparable homes to 2 Lander Road.
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