$1,499,000
●
House -
In Contract
2 Russell Road
Lynnfield, MA 01940
4 Beds
2 Baths,
1
Half Bath
2,558 Ft²
$8,748
Est. Monthly
About This Property
Stately Georgian Colonial in prime Lynnfield location! Front to
back fireplaced living room and formal dining room. White kitchen
with granite counters, stainless appliances, and spacious separate
eating area overlooking yard. First floor family room with built
ins, brick fireplace and slider to patio. Second floor consists of
4 bedrooms all with hardwood floors. Primary bedroom is also front
to back with great closet space and full bath. Lower level has more
potential finished with handmade bar, wine area and great storage
space. Home is situated on acre lot with circular drive and
beautiful landscaping. Inground pool with new decking, gazebo, shed
and 2 car garage. Excellent home, beautiful yard and great
location.
Unit Size
2,558 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$586
Property Type
House
Property Taxes
$1,388
HOA Dues
-
Year Built
1972
Listed By
Helen Bolino
Berkshire Hathaway HomeServices Commonwealth Real Estate
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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: 12 days ago (MLSPIN #73550058)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2026 | Price Decreased |
$1,499,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
| Jul 15, 2026 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $1,549,000 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Paved, Off Street
Garage Spaces: 2
Open Parking Spaces: 8
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Entrance Foyer, Central Vacuum, Closet, Play Room
Appliances: Range, Dishwasher, Disposal, Freezer
Flooring Type: Wood, Tile, Carpet, Concrete, Flooring - Hardwood
Laundry Features: First Floor
Rooms: 9
Has Fireplace
Fireplace Features: Family Room, Living Room
Fireplaces: 2
Basement: Full, Finished, Interior Entry, Concrete, Bulkhead
Exterior Details
Square Footage: 2558
Architectural Style: Colonial
Year Built Source: Public Records
Year Built: 1972
Building Area Total: 2558
Building Area Units: Square Feet
Construction Materials: Frame, Brick
Patio and Porch Features: Patio
Pool Features: In Ground
Pool is Private
Lot Features: Corner Lot
Lot Size Area: 0.92
Lot Size Units: Acres
Lot Size Acres: 0.92
Lot Size Square Feet: 40276
Tax Lot: 2363
Water Source: Public
Financial Details
Tax Map Number: 019
Tax Assessed Value: $1,391,100
Tax Annual Amount: $16,651
Utilities Details
Cooling Type: Central Air
Heating Type: Baseboard, Natural Gas
Sewer : Private Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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