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Lynnfield 01940
24 Olde Towne Rd
$470,000
● House - Off Market

24 Olde Towne Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,086 Ft²
$957,328
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

PRICED TO SELL! 3 BEDROOM COLONIAL IN DESIRABLE NEIGHBORHOOD SITS ON LOVELY LOT OFFERING UNLIMITED POTENTIAL.  HARDWOOD UNDER CARPETING, GRACIOUS FIREPLACED LIVING ROOM WITH SEE THROUGH FIREPLACE TO FAMILY ROOM  OPENS ONTO DECK AND IN-GROUND POOL. SPACIOUS MASTER BEDROOM, EXCELLENT CLOSET SPACE. 3 ZONES  GAS HEAT, 2 CAR GARAGE,  HEATED BASEMENT PLAYROOM AND NEW SEPTIC TO BE INSTALLED. PROPERTY BEING SOLD AS IS.  THIS ONE WON' T LAST.
Unit Size
2,086 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$220
Property Type
House
Property Taxes
$610
HOA Dues
-
Year Built
1964

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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 #71453113)

Price History

Date / Event Date Event Price
Dec 17, 2012 Sold
Premium
Sold
Oct 31, 2012 Listed by Northrup Associates $459,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,536
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 1,944
  • Gross Building Area: 3,286
  • Building Area: 1,944
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,944
  • 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:2567
  • Lot: 2567
  • Municipality: LYNNFIELD
  • Latitude: 42.5339
  • Longitude: -71.0696

    Address

  • Full Address: 24 Olde Towne Rd
  • Address - House Number: 24
  • Address - Street Name: Olde Towne
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2545
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $975,600

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,079,998
  • High Value: 1,250,588
  • Low Value: 909,408

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $928,300
  • Assessed Land Value: $612,100
  • Assessed Improvements Value: $316,200

    Sales

  • Current Sale Recording Date: Dec 17, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
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

$404

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3895 ft²

Average Home Age

47.6 years

Currently For Sale

20 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

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71453113

Frequently Asked Questions

When was property at 24 Olde Towne Road built and last sold?
The property at 24 Olde Towne Road was built in 1964 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 24 Olde Towne Road is $489,830.
What are some comparable homes to 24 Olde Towne Road?
There are currently no comparable homes to 24 Olde Towne Road.
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