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Lynnfield 01940
22 Bishops Road
$665,000
● House - Off Market

22 Bishops Road

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,868 Ft²
$881,669
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Located in the Sherwood Forest neighborhood, this SPRAWLING, CUSTOM DESIGNED, WILLS BUILT HOME IS PRICED TO SELL!  With over 3800 SQUARE FEET OF FINISHED SPACE, here's your opportunity to make this house your home - Bring your vision and your contractor!... Situated on AN ACRE OF LAND, This home boasts 4 BEDROOMS, 3 FULL & 1 HALF BATHS,  a family room with VAULTED CEILINGS attached to a 3 season Sunroom with sliders to the back, large eat in kitchen w/pantry and first floor laundry...2 car garage, LARGE LIVING ROOM, and FULL, FINISHED LOWER LEVEL w/ Cedar Closet. Super location, close to MARKET STREET & MAJOR ROUTES, TONS OF LIVING SPACE AND LAND, don't hesitate, or this one will be gone!
Unit Size
3,868 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$160
Property Type
House
Property Taxes
$821
HOA Dues
-
Year Built
1969

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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 #72583554)

Price History

Date / Event Date Event Price
Nov 15, 2019 Sold
Premium
Sold
Oct 23, 2019 Listed by William Raveis R.E. & Home Services $619,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 3
  • Basement Area: 3,400
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,154
  • Total Building Area: 3,483
  • Gross Building Area: 5,728
  • Building Area: 3,483
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,483
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000922
  • 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: RC

Geography

  • District: 164
  • Parcel: LYNF M:0042 B:0000 L:2063
  • Lot: 2063
  • Municipality: LYNNFIELD
  • Latitude: 42.5244
  • Longitude: -71.0135

    Address

  • Full Address: 22 Bishops Ln
  • Address - House Number: 22
  • Address - Street Name: Bishops
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1339
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,035,400

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 1,111,832
  • High Value: 1,299,975
  • Low Value: 923,688

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $985,200
  • Assessed Land Value: $658,700
  • Assessed Improvements Value: $326,500

    Sales

  • Current Sale Contract Date: Nov 08, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 607398
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

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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# 72583554

Frequently Asked Questions

When was property at 22 Bishops Lane built and last sold?
The property at 22 Bishops Lane was built in 1969 and last sold on Nov 8, 2019 for $665,000.
How much is this home worth?
The estimated value of the home located at 22 Bishops Lane is $676,656.
What are some comparable homes to 22 Bishops Lane?
There are currently no comparable homes to 22 Bishops Lane.
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