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Lynnfield 01940
21 Bancroft St
$460,000
● House - Off Market

21 Bancroft St

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,692 Ft²
$890,773
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

WELCOME HOME TO 21 BANCROFT STREET!!! One owner, one level, ranch style home located within walking distance of Glen Meadow Park. Freshly painted rooms and refinished hardwood floors create blank canvas that's ready for its new owners updating ideas! Property features include 4 bedrooms, 1.5 baths, living room with a fireplace, dining room, eat in kitchen, family room and large screened porch overlooking a nice level backyard! Full basement (unfinished) with large storage closet! 2 car attached garage with new automatic doors and parking for 4-6 cars in driveway!!! New hot water heater! Roof 2004 - windows 2010! This one is just minutes from 128 and The MarketStreet Lynnfield where you can enjoy shopping, dining and entertainment!!! Title V in hand!
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$289
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1955

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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 #71759148)

Price History

Date / Event Date Event Price
Dec 2, 2014 Sold
Premium
Sold
Oct 19, 2014 Listed by Keller Williams Realty Metropolitan $489,000
Listed by Keller Williams Realty Metropolitan

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,692
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,106
  • Total Building Area: 3,215
  • Gross Building Area: 4,142
  • Building Area: 3,215
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,215
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000393
  • 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:0041 B:0000 L:2694
  • Lot: 2694
  • Municipality: LYNNFIELD
  • Latitude: 42.5225
  • Longitude: -71.029

    Address

  • Full Address: 21 Bancroft St
  • Address - House Number: 21
  • Address - Street Name: Bancroft
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2141
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $913,000

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,011,249
  • High Value: 1,183,930
  • Low Value: 838,568

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $868,700
  • Assessed Land Value: $542,900
  • Assessed Improvements Value: $325,800

    Sales

  • Current Sale Recording Date: Dec 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 120200355
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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71759148

Frequently Asked Questions

When was property at 21 Bancroft Street built and last sold?
The property at 21 Bancroft Street was built in 1955 and last sold on Jan 1, 1970 for $460,000.
How much is this home worth?
The estimated value of the home located at 21 Bancroft Street is $501,757.
What are some comparable homes to 21 Bancroft Street?
There are currently no comparable homes to 21 Bancroft Street.
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