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Lynnfield 01940
25 Prospect Avenue
Photo of 25 Prospect Avenue
Sold on May 24, 2007

1

Map

$389,900
● House - Off Market

25 Prospect Avenue

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,960 Ft²
$728,744
RealtyHop Estimate
86.91%
Since Jun 1, 2007
MA-Boston
Primary Model

About This Property

You must get INSIDE this home to appreciate all that it has to offer!  The first floor boasts an updated eat in kitchen w/ stainless appliances, family room, gracious living room, and a bedroom or office with a full bath.  Two oversized bedrooms and another full bath on the second floor. HDWD floors. Additonal updates include roof, many windows, furnace & hot water tank. The large back yard is fully fenced in. Move right in and enjoy this wonderful location!
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$199
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70540538)

Price History

Date / Event Date Event Price
May 24, 2007 Sold
Premium
Sold
Mar 14, 2007 Listed $389,900
Listed
Jun 27, 2001 Sold
Premium
Sold
Apr 13, 2001 Listed by Northrup Associates $309,900
Listed by Northrup Associates
CUTE AND HOMEY 6+ ROOM CAPE. GREAT STARTER HOME IN NICE FAMILY NBRHD. QUIET STREET. 3BRS, 2 FULL BATHS, 1ST FL FR., HTD.PORCH, NICE LOT. ALL REPLACEMENT WINDOWS ON 1ST FL. SPACIOUS LIV. RM. AND FAMILY RM. SEPTIC ONLY 3 YEARS OLD.
Jun 23, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 7
  • Basement Area: 1,036
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,708
  • Gross Building Area: 3,430
  • Building Area: 1,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEFIELD PARK
  • Land Acres: 0000000230
  • 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:0035 B:0000 L:1566
  • Lot: 1566
  • Municipality: LYNNFIELD
  • Latitude: 42.5298
  • Longitude: -71.0359

    Address

  • Full Address: 25 Prospect Ave
  • Address - House Number: 25
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1909
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,600

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 804,732
  • High Value: 940,871
  • Low Value: 668,594

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $648,500
  • Assessed Land Value: $423,700
  • Assessed Improvements Value: $224,800

    Sales

  • Current Sale Recording Date: May 24, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 24, 2007
  • Previous Sale Amount: $389,900
  • Previous Sale Document Type: 48
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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70540538

Frequently Asked Questions

When was property at 25 Prospect Avenue built and last sold?
The property at 25 Prospect Avenue was built in 1925 and last sold on Jan 1, 1970 for $389,900.
How much is this home worth?
The estimated value of the home located at 25 Prospect Avenue is $421,181.
What are some comparable homes to 25 Prospect Avenue?
There are currently no comparable homes to 25 Prospect Avenue.
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