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Lynnfield 01940
28 Heritage Lane
$780,000
● House - Off Market

28 Heritage Lane

Lynnfield, MA 01940
bedrooms
5 Beds
bathrooms
4 Baths
square feet
4,353 Ft²
$2,135,134
RealtyHop Estimate
166.93%
Since Mar 1, 2001
MA-Boston
Primary Model

About This Property

BRICK FRONT COLONIAL - SPACIOUS HOME, MASTER BEDROOM W/HUGE WALK-IN CLOSET AND BATH W/JACUZZI TUB & FIREPLACE FRONT & BACK STAIRCASES. INGROUND POOL.
Unit Size
4,353 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$184
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1986

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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 years ago (MLSPIN #30467216)

Price History

Date / Event Date Event Price
Feb 21, 2001 Sold
Premium
Sold
Dec 21, 2000 Listed by Northrup Associates $799,900
Listed by Northrup Associates

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • 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: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,867
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,198
  • Total Building Area: 5,581
  • Gross Building Area: 7,226
  • Building Area: 5,581
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 5,581
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOUGHTON HILL ESTATES
  • Land Acres: 0000000877
  • 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:1317
  • Lot: 1317
  • Municipality: LYNNFIELD
  • Latitude: 42.537
  • Longitude: -71.067

    Address

  • Full Address: 28 Heritage Ln
  • Address - House Number: 28
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2533
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,506,500

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,606,205
  • High Value: 1,852,182
  • Low Value: 1,360,227

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,433,400
  • Assessed Land Value: $693,000
  • Assessed Improvements Value: $740,400

    Sales

  • Current Sale Recording Date: Feb 21, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3523 ft²

Average Home Age

41.7 years

Currently For Sale

19 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

$3,480 /mo

  • 2 Beds
  • 2 Baths
  • 1,085 ft²
200 Quannapowitt Parkway #B3B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30467216

Frequently Asked Questions

When was property at 28 Heritage Lane built and last sold?
The property at 28 Heritage Lane was built in 1986 and last sold on Jan 1, 1970 for $780,000.
How much is this home worth?
The estimated value of the home located at 28 Heritage Lane is $807,563.
What are some comparable homes to 28 Heritage Lane?
There are currently no comparable homes to 28 Heritage Lane.
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