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Lynnfield 01940
2 Sylvan Ter
$475,000
● House - Off Market

2 Sylvan Ter

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4,049 Ft²
$819,101
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Welcome to Lynnfield!  What a gem! Located on a quiet  cul de sac Enjoy breakfast in the room off the kitchen overlooking the  backyard and/or barbecue on the mahogany deck off the dining room. This home has an Incredible legal mother-in-law suite with gas stove, fireplace, spacious living room, bedroom, bath living and dining area.  The  new owner will need to re apply for permit in their name.    The finished attic with sky light, heat and AC us a great place to play and/or study Seller will provide Title V certificate   Do not assume anything, please call with any questions,
Unit Size
4,049 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$130
Property Type
House
Property Taxes
$701
HOA Dues
-
Year Built
1960

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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 #72078145)

Price History

Date / Event Date Event Price
Jul 31, 2017 Sold
Premium
Sold
Oct 3, 2016 Listed by Homeowners Assistance Program, LLC $524,900
Listed by Homeowners Assistance Program, LLC
Apr 23, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,505
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,551
  • Total Building Area: 5,064
  • Gross Building Area: 4,729
  • Building Area: 5,064
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 5,064
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000357
  • 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:0056 B:0000 L:0733
  • Lot: 733
  • Municipality: LYNNFIELD
  • Latitude: 42.511
  • Longitude: -70.9991

    Address

  • Full Address: 2 Sylvan Ter
  • Address - House Number: 2
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1536
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $943,100

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,019,773
  • High Value: 1,177,434
  • Low Value: 862,113

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $897,300
  • Assessed Land Value: $444,700
  • Assessed Improvements Value: $452,600

    Sales

  • Current Sale Contract Date: Jul 27, 2017
  • Current Sale Recording Date: Jul 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 584840
  • Previous Sale Recording Date: Apr 23, 1992
  • Previous Sale Amount: $177,000
  • Previous Sale Document Type: 43
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

53

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# 72078145

Frequently Asked Questions

When was property at 2 Sylvan Terrace built and last sold?
The property at 2 Sylvan Terrace was built in 1960 and last sold on Jul 27, 2017 for $475,000.
How much is this home worth?
The estimated value of the home located at 2 Sylvan Terrace is $581,307.
What are some comparable homes to 2 Sylvan Terrace?
There are currently no comparable homes to 2 Sylvan Terrace.
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