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Lynnfield 01940
28 Bishops Lane
$620,000
● House - Off Market

28 Bishops Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,211 Ft²
$1,316,679
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Come home to this FANTASTIC Wills built colonial located on a beautifully landscaped acre lot in Sherwood Forest. The dramatic circular driveway leads to the  cobblestone entry. This home has it all! Gleaming hardwood floors, beautiful formal living room with fireplace, large eat-in kitchen with adjacent family room, central air, security system, updated baths, newer heating system and DRY basement! Best of all entertain your friends and family outside on the large deck with arbor. A dream!!
Unit Size
2,211 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$287
Property Type
House
Property Taxes
$718
HOA Dues
-
Year Built
1969

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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: 4 months ago (MLSPIN #71326084)

Price History

Date / Event Date Event Price
Jun 1, 2012 Sold
Premium
Sold
Jan 11, 2012 Listed by RE/MAX Heritage, LLC $635,000
Listed by RE/MAX Heritage, LLC
May 14, 2010 Sold
Premium
Sold
Apr 9, 2010 Listed by RE/MAX Heritage, LLC $669,900
Listed by RE/MAX Heritage, LLC
Jan 10, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,056
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,589
  • Total Building Area: 2,679
  • Gross Building Area: 4,725
  • Building Area: 2,679
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,679
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000932
  • 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:1357
  • Lot: 1357
  • Municipality: LYNNFIELD
  • Latitude: 42.5255
  • Longitude: -71.0146

    Address

  • Full Address: 28 Bishops Ln
  • Address - House Number: 28
  • 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: $1,173,700

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,215,014
  • High Value: 1,422,569
  • Low Value: 1,007,459

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,116,700
  • Assessed Land Value: $658,700
  • Assessed Improvements Value: $458,000

    Sales

  • Current Sale Recording Date: Jun 01, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 531126
  • Previous Sale Recording Date: May 14, 2010
  • Previous Sale Amount: $630,000
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3644 ft²

Average Home Age

48.9 years

Currently For Sale

18 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71326084

Frequently Asked Questions

When was property at 28 Bishops Lane built and last sold?
The property at 28 Bishops Lane was built in 1969 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 28 Bishops Lane is $662,155.
What are some comparable homes to 28 Bishops Lane?
There are currently no comparable homes to 28 Bishops Lane.
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