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Lynnfield 01940
28 Merrow Road
$535,000
● House - Off Market

28 Merrow Road

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$914,238
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

* Do you believe in second chances??  Buyer got cold feet, never had a home inspection.  Golden Opportunity in the heart of Lynnfield on an acre of land.   Just a few updates and it will be worth much more!!  Just look around at the neighborhood!  Dead end street near the center of Lynnfield. 2100 square feet of living space, not including the lower level which could be finished.  The rooms are all great sizes with hardwood floors throughout, two full baths, and two car garage.  A gorgeous acre lot with lots of room to roam.  Summer Street School District.  Septic was replaced in 1995 and the roof was replaced in 2002.  Windows all replaced in 2004.  Septic for 4 bedrooms.  Why buy a smaller home when you can have it all here?
Unit Size
2,100 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$261
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1955

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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 #72006436)

Price History

Date / Event Date Event Price
Sep 1, 2016 Sold
Premium
Sold
May 15, 2016 Listed by RE/MAX Leading Edge $549,000
Listed by RE/MAX Leading Edge

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 972
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,752
  • Total Building Area: 2,090
  • Gross Building Area: 3,400
  • Building Area: 2,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,090
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001004
  • 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: RA

Geography

  • District: 164
  • Parcel: LYNF M:0016 B:0000 L:2583
  • Lot: 2583
  • Municipality: LYNNFIELD
  • Latitude: 42.5505
  • Longitude: -71.044

    Address

  • Full Address: 28 Merrow Rd
  • Address - House Number: 28
  • Address - Street Name: Merrow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1143
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $698,700

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 815,450
  • High Value: 954,247
  • Low Value: 676,653

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,800
  • Assessed Land Value: $448,500
  • Assessed Improvements Value: $216,300

    Sales

  • Current Sale Recording Date: Sep 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 289
  • Previous Sale Recording Date: Nov 12, 2013
  • Previous 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3553 ft²

Average Home Age

49.5 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72006436

Frequently Asked Questions

When was property at 28 Merrow Road built and last sold?
The property at 28 Merrow Road was built in 1955 and last sold on Jan 1, 1970 for $535,000.
How much is this home worth?
The estimated value of the home located at 28 Merrow Road is $569,006.
What are some comparable homes to 28 Merrow Road?
There are currently no comparable homes to 28 Merrow Road.
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