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

2 Westover Drive

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,616 Ft²
$1,128,338
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

LOCATION!! LOCATION!!!  Desirable WESTOVER ! OPEN floor plan, CATHEDRAL ceiling, FIREPLACE living room and dining room with HARDWOOD floors, SPACIOUS Kitchen with EATING Area opens to FAMILY room  with fireplace and SLIDER to DECK, 3 bedroom, 2 FULL baths and LOFT area for playroom with built-ins. LOWER  level has IN- LAW potential with SEPARATE  entrance. NEWER FULL  bath, family room, bedroom and kitchenette. NEW GAS  Heating System,  newer SEPTIC  and CENTRAL AIR and 2 CAR GARAGE.   GREAT LOCATION !!!
Unit Size
2,616 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$248
Property Type
House
Property Taxes
$762
HOA Dues
-
Year Built
1977

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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 #71818776)

Price History

Date / Event Date Event Price
Aug 5, 2015 Sold
Premium
Sold
Apr 16, 2015 Listed by Northrup Associates $649,900
Listed by Northrup Associates
Jul 1, 2011 Sold
Premium
Sold
May 11, 2011 Listed by Northrup Associates $599,900
Listed by Northrup Associates

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,466
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 3,234
  • Gross Building Area: 4,404
  • Building Area: 3,234
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,234
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0029 B:0000 L:1183
  • Lot: 1183
  • Municipality: LYNNFIELD
  • Latitude: 42.5364
  • Longitude: -71.0437

    Address

  • Full Address: 2 Westover Dr
  • Address - House Number: 2
  • Address - Street Name: Westover
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1835
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,124,800

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,146,407
  • High Value: 1,385,515
  • Low Value: 907,299

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,070,200
  • Assessed Land Value: $691,100
  • Assessed Improvements Value: $379,100

    Sales

  • Current Sale Recording Date: Aug 05, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 564189
  • Previous Sale Recording Date: Jul 01, 2011
  • Previous Sale Amount: $600,000
  • 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

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71818776

Frequently Asked Questions

When was property at 2 Westover Drive built and last sold?
The property at 2 Westover Drive was built in 1977 and last sold on Jan 1, 1970 for $645,000.
How much is this home worth?
The estimated value of the home located at 2 Westover Drive is $674,272.
What are some comparable homes to 2 Westover Drive?
There are currently no comparable homes to 2 Westover Drive.
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