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Lynnfield 01940
23 Heritage Lane
$750,000
● House - Off Market

23 Heritage Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,028 Ft²
$1,198,439
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Nicely set back from the street is this 10 room, 4 bedroom, 2.5 bath home. Fireplaced great room with cathedral ceilings, skylights and palladium window adjacent to the cherry cabinet kitchen with granite countertops. Generous size fireplaced living room and dining room. Hardwood flooring. Central air. The lower level features a fireplaced family room and a large area suitable for au pair/teen suite or possible in-law with its own entrance. This spacious home has too many updates to mention here! From the good size pressure treated deck, you can view the beautiful and private backyard with a heated Gunite pool. Irrigation system. Circular driveway. Title 5 approved! Located in one of Lynnfield's most desirable neighborhoods.
Unit Size
3,028 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$254
Property Type
House
Property Taxes
$792
HOA Dues
-
Year Built
1975

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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 #72204075)

Price History

Date / Event Date Event Price
Sep 19, 2017 Sold
Premium
Sold
Jul 26, 2017 Listed by Coldwell Banker Residential Brokerage - Lynnfield $769,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Sep 11, 2013 Sold
Premium
Sold
Aug 14, 2013 Listed by Coldwell Banker Residential Brokerage - Lynnfield $639,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Jun 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 3,920
  • 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: 2,048
  • Gross Building Area: 4,447
  • Building Area: 2,048
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,048
  • Heating Fuel Type: 3

    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: 209200

Zoning

  • Zoning: RB

Geography

  • District: 164
  • Parcel: LYNF M:0027 B:0000 L:1414
  • Lot: 1414
  • Municipality: LYNNFIELD
  • Latitude: 42.5373
  • Longitude: -71.0653

    Address

  • Full Address: 23 Heritage Ln
  • Address - House Number: 23
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2506
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,112,100

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,130,657
  • High Value: 1,323,802
  • Low Value: 937,513

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,058,100
  • Assessed Land Value: $612,100
  • Assessed Improvements Value: $446,000

    Sales

  • Current Sale Recording Date: Sep 19, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 394
  • Previous Sale Recording Date: Sep 11, 2013
  • Previous Sale Amount: $653,000
  • 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

$400

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3552 ft²

Average Home Age

47 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

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

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, 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# 72204075

Frequently Asked Questions

When was property at 23 Heritage Lane built and last sold?
The property at 23 Heritage Lane was built in 1975 and last sold on Jan 1, 1970 for $750,000.
How much is this home worth?
The estimated value of the home located at 23 Heritage Lane is $795,887.
What are some comparable homes to 23 Heritage Lane?
There are currently no comparable homes to 23 Heritage Lane.
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