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Lynnfield 01940
22 Edward Ave
$546,000
● House - Off Market

22 Edward Ave

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,122 Ft²
$777,661
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Easy one floor living lifestyle! Tastefully renovated ranch ideal for starter or down size home! Granite kitchen has plenty of cabinets, stainless appliances  and a delightful eating area that opens into your outdoor oasis through sliders onto 30x14 Trex deck! Lots of room for patio furniture, fire pit, bar, etc.  Awnings and screen house a bonus! Two generous bedrooms, an office and full bath complete first floor.  All hardwood flooring except tiled bath. Lower level has great potential for added space.  See attached list of renovations in 2010 and beyond for this wonderful property.  Lush grounds surrounded in perennials! Kick back and relax, all the work has been done!  WELCOME HOME!!!
Unit Size
1,122 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$445
Property Type
House
Property Taxes
$503
HOA Dues
-
Year Built
1950

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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: 5 months ago (MLSPIN #72201070)

Price History

Date / Event Date Event Price
Sep 15, 2017 Sold
Premium
Sold
Jul 20, 2017 Listed by Coldwell Banker Residential Brokerage - Andover $499,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,244
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,385
  • Total Building Area: 1,122
  • Gross Building Area: 2,975
  • Building Area: 1,122
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,122
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000238
  • 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: 209200

Zoning

  • Zoning: RB

Geography

  • District: 164
  • Parcel: LYNF M:0032 B:0000 L:1289
  • Lot: 1289
  • Municipality: LYNNFIELD
  • Latitude: 42.5306
  • Longitude: -71.0681

    Address

  • Full Address: 22 Edward Ave
  • Address - House Number: 22
  • Address - Street Name: Edward
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2541
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $795,000

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 863,742
  • High Value: 997,279
  • Low Value: 730,204

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $756,400
  • Assessed Land Value: $520,900
  • Assessed Improvements Value: $235,500

    Sales

  • Current Sale Recording Date: Sep 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 447
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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3525 ft²

Average Home Age

50.2 years

Currently For Sale

26 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,605 /mo

  • 2 Beds
  • 2 Baths
  • 1,050 ft²
200 Quannapowitt Parkway #B14.1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72201070

Frequently Asked Questions

When was property at 22 Edward Avenue built and last sold?
The property at 22 Edward Avenue was built in 1950 and last sold on Jan 1, 1970 for $546,000.
How much is this home worth?
The estimated value of the home located at 22 Edward Avenue is $506,632.
What are some comparable homes to 22 Edward Avenue?
There are currently no comparable homes to 22 Edward Avenue.
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