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Saugus 01906 Lynnhurst
20 Ironworks Way
$692,600
● House - Off Market

20 Ironworks Way

Saugus, MA 01906
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,450 Ft²
$1,198,432
RealtyHop Estimate
73.94%
Since Mar 1, 2016
MA-Boston
Primary Model

About This Property

Brand New Under Construction! 4 Bedroom, 2.5 Bath center entrance colonial w/ great use of space! Interior features include professional appliances, crown molding, custom kitchen cabinetry, gas fireplace, granite counters and hardwood floors on the first floor. Master bedroom has large walk-in, and bath with double vanity and tile shower. Two-story open foyer with catwalk. Two car garage w/ work/storage area. Composite deck w/ vinyl railings. Partial brick front. Products include ThermaTru doors, Harvey windows, Diamond cabinetry, Kohler fixtures, Certianteed Monogram siding and lots more. 1year builder limited warranty included.
Unit Size
2,450 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$281
Property Type
House
Property Taxes
$1
HOA Dues
-
Year Built
2015

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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: 6 months ago (MLSPIN #71834280)

Price History

Date / Event Date Event Price
Mar 24, 2021 Sold
Premium
Sold
Jan 12, 2021 Listed by REALTY WORLD - Forest Realty $975,000
Listed by REALTY WORLD - Forest Realty
Feb 26, 2016 Sold
Premium
Sold
May 11, 2015 Listed by REALTY WORLD - Forest Realty $689,000
Listed by REALTY WORLD - Forest Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,085
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,881
  • Total Building Area: 2,467
  • Gross Building Area: 4,243
  • Building Area: 2,467
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,467
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208302

Zoning

  • Zoning: NA

Geography

  • Parcel: SAUG M:010-F B:0015 L:0009
  • Block: 15
  • Lot: 9
  • Municipality: SAUGUS
  • Latitude: 42.471
  • Longitude: -71.0003

    Address

  • Full Address: 20 Iron Works Way
  • Address - House Number: 20
  • Address - Street Name: Iron Works
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Saugus
  • Carrier Code: C005
  • 4-Digit Zip Code: 1489
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $931,200

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 973,182
  • High Value: 1,139,329
  • Low Value: 807,035

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $874,400
  • Assessed Land Value: $345,300
  • Assessed Improvements Value: $529,100

    Sales

  • Current Sale Contract Date: Mar 24, 2021
  • Current Sale Recording Date: Mar 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210324005360
  • Previous Sale Recording Date: Feb 26, 2016
  • Previous Sale Amount: $692,600
  • 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 Lynnhurst

Stats & Trends

Median Asking:

$695,000

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3487 ft²

Average Home Age

52.2 years

Currently For Sale

6 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: 6 months ago
Data Source: MLS PIN, MLS# 71834280

Frequently Asked Questions

When was property at 20 Iron Works Way built and last sold?
The property at 20 Iron Works Way was built in 2015 and last sold on Mar 24, 2021 for $950,000.
How much is this home worth?
The estimated value of the home located at 20 Iron Works Way is $994,809.
What are some comparable homes to 20 Iron Works Way?
There are currently no comparable homes to 20 Iron Works Way.
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