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Lynnfield 01940
2 Mayberry Lane
$803,500
● House - Off Market

2 Mayberry Lane

Lynnfield, MA 01940
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,398 Ft²
$1,388,763
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Location, Location .... "Apple Hill" ...   THIS STUNNING RESORT-LIKE PROPERTY LOCATED IN ONE OF LYNNFIELD'S MOST SOUGHT AFTER NEIGHBORHOODS!    SITUATED ON 1.40 ACRES  ON THE ONLY  CUL-DE-SAC IN THIS AREA. THIS SPACIOUS WILLS BUILT COLONIAL  OFFERS FIVE BEDROOMS, 3.5 BATHS AND BOASTING AN UPDATED, MASTER BATH WITH A WONDERFUL WALK IN CLOSET.  GORGEOUS FIRST FLOOR FAMILY ROOM OFF THE KITCHEN WITH CATHEDRAL CEILING AND WALLS OF WINDOWS SPILLING OVER TO YOUR OWN PRIVATE RESORT AREA WITH IN-GROUND GUNITE POOL.  TWO OTHER FAMILY ROOMS FOR GAME PLAYING OR WORK SPACE.  HARDWOOD FLOORS THROUGHOUT, NEWER WINDOWS, GAS HEAT, CENTRAL AIR AND NEWER SEPTIC SYSTEM.
Unit Size
4,398 Ft²
Days on Market
-
Land Size
1.41 acres
Price per sqft
$182
Property Type
House
Property Taxes
$980
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71832511)

Price History

Date / Event Date Event Price
Aug 20, 2015 Sold
Premium
Sold
May 5, 2015 Listed by RE/MAX Leading Edge $799,900
Listed by RE/MAX Leading Edge
Jan 12, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,230
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 61,250
  • Total Building Area: 3,010
  • Gross Building Area: 5,008
  • Building Area: 3,010
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,010
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001406
  • 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: RD

Geography

  • District: 164
  • Parcel: LYNF M:0011 B:0000 L:2457
  • Lot: 2457
  • Municipality: LYNNFIELD
  • Latitude: 42.5559
  • Longitude: -71.0589

    Address

  • Full Address: 2 Mayberry Ln
  • Address - House Number: 2
  • Address - Street Name: Mayberry
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1612
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,341,200

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,313,440
  • High Value: 1,537,808
  • Low Value: 1,089,071

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,276,100
  • Assessed Land Value: $848,900
  • Assessed Improvements Value: $427,200

    Sales

  • Current Sale Recording Date: Aug 20, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 248
  • Previous Sale Recording Date: Jan 12, 1998
  • Previous Sale Amount: $465,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$403

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3719 ft²

Average Home Age

51.5 years

Currently For Sale

22 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71832511

Frequently Asked Questions

When was property at 2 Mayberry Lane built and last sold?
The property at 2 Mayberry Lane was built in 1970 and last sold on Jan 1, 1970 for $803,200.
How much is this home worth?
The estimated value of the home located at 2 Mayberry Lane is $808,328.
What are some comparable homes to 2 Mayberry Lane?
There are currently no comparable homes to 2 Mayberry Lane.
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