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Lynnfield 01940
2 Lovell Road
$730,000
● House - Off Market

2 Lovell Road

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,756 Ft²
$1,043,823
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Don't miss out on this fabulous home! Granite counters, huge master bedroom with cathedral ceilings. Sunroom overlooks inground pool and beautiful back yard. Seller suggest   offers be submitted by the buyer's agent using their online offer management system. (See Firm Remarks) .Buyer responsible for smoke/carbon detector permit . Listing information obtained from public records and must not be relied upon. Buyers and Agents must perform their own due diligence to verify any and all facts relating to the property both legal and otherwise. Property will not be opened up for home inspection.
Unit Size
2,756 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$256
Property Type
House
Property Taxes
$670
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 #72276199)

Price History

Date / Event Date Event Price
Jul 19, 2018 Sold
Premium
Sold
Jan 30, 2018 Listed by Tache Real Estate, Inc. $705,000
Listed by Tache Real Estate, Inc.
Nov 2, 1989 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,200
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 20,312
  • Total Building Area: 2,756
  • Gross Building Area: 5,394
  • Building Area: 2,756
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,756
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000466
  • 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:0029 B:0000 L:0715
  • Lot: 715
  • Municipality: LYNNFIELD
  • Latitude: 42.5384
  • Longitude: -71.039

    Address

  • Full Address: 2 Lovell Rd
  • Address - House Number: 2
  • Address - Street Name: Lovell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1818
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $992,900

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,060,578
  • High Value: 1,225,357
  • Low Value: 895,799

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $944,700
  • Assessed Land Value: $567,100
  • Assessed Improvements Value: $377,600

    Sales

  • Current Sale Recording Date: Jul 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 594474
  • Previous Sale Recording Date: Nov 02, 1989
  • Previous Sale Amount: $295,000
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3553 ft²

Average Home Age

49.5 years

Currently For Sale

19 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# 72276199

Frequently Asked Questions

When was property at 2 Lovell Road built and last sold?
The property at 2 Lovell Road was built in 1955 and last sold on Jan 1, 1970 for $730,000.
How much is this home worth?
The estimated value of the home located at 2 Lovell Road is $735,682.
What are some comparable homes to 2 Lovell Road?
There are currently no comparable homes to 2 Lovell Road.
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