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Lynnfield 01940
2 Meservey
$645,000
● House - Off Market

2 Meservey

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,408 Ft²
$995,440
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Just Reduced Substantially, this charming "Wills" built Colonial sits on a serene 1.77 acre lot in a beautiful neighborhood. The details of this home are something to fall in love with custom woodworking and cozy fireplaces throughout. The main level features a large living room, family room, dining, kitchen, and a generously sized screened in porch. Upstairs you will find a large master bedroom with fireplace, oversized closets, and ensuite bath as well as 3 more bedrooms and bath. The basement has a workshop and finished game room. Attached 2 car garage. With a little TLC this house will be a dream home. With all the conveniences that Lynnfield offers, make this home your quiet retreat.  Quick sale price.
Unit Size
3,408 Ft²
Days on Market
-
Land Size
1.76 acres
Price per sqft
$205
Property Type
House
Property Taxes
$866
HOA Dues
-
Year Built
1975

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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 #72489952)

Price History

Date / Event Date Event Price
Jun 14, 2021 Sold
Premium
Sold
Apr 14, 2021 Listed by Nest Real Estate $819,000
Listed by Nest Real Estate
Oct 3, 2019 Sold
Premium
Sold
Apr 29, 2019 Listed by Nest Real Estate $699,000
Listed by Nest Real Estate
Nov 9, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,396
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 76,957
  • Total Building Area: 3,380
  • Gross Building Area: 5,176
  • Building Area: 3,380
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,380
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001767
  • 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:0030 B:0000 L:1361
  • Lot: 1361
  • Municipality: LYNNFIELD
  • Latitude: 42.5362
  • Longitude: -71.0268

    Address

  • Full Address: 2 Meservey Ln
  • Address - House Number: 2
  • Address - Street Name: Meservey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1222
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,045,300

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,083,882
  • High Value: 1,252,282
  • Low Value: 915,483

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $994,600
  • Assessed Land Value: $664,700
  • Assessed Improvements Value: $329,900

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jun 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 626161
  • Previous Sale Recording Date: Oct 03, 2019
  • Previous Sale Contract Date: Sep 27, 2019
  • Previous Sale Amount: $645,000
  • Previous Sale Document Type: O
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

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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# 72489952

Frequently Asked Questions

When was property at 2 Meservey Lane built and last sold?
The property at 2 Meservey Lane was built in 1975 and last sold on Jun 14, 2021 for $930,000.
How much is this home worth?
The estimated value of the home located at 2 Meservey Lane is $855,300.
What are some comparable homes to 2 Meservey Lane?
There are currently no comparable homes to 2 Meservey Lane.
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