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Lynnfield 01940
296 Edgemere Rd
$900,000
● House - Off Market

296 Edgemere Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,445 Ft²
$1,650,312
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

Vacation in your backyard. Do Not Miss Out on this picturesque 3 Bedroom, 3 full bath home directly on Pillings Pond... Sit on the wrap-around decks and enjoy the best water/sunset views in Lynnfield. Swim in the in-ground pool and moor your boat on your private dock. Updated granite counter-tops, stainless appliances with an open concept design. Central Air and Irrigation System. A rare find with a Potential in-law apartment.
Unit Size
2,445 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$388
Property Type
House
Property Taxes
$701
HOA Dues
-
Year Built
1977

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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 #71869718)

Price History

Date / Event Date Event Price
Sep 30, 2015 Sold
Premium
Sold
Jul 8, 2015 Listed by The Greene Realty Group $949,000
Listed by The Greene Realty Group

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 7
  • Basement Area: 1,516
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 27,717
  • Total Building Area: 2,213
  • Gross Building Area: 4,643
  • Building Area: 2,213
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,213
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000636
  • 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:0036 B:0000 L:2313
  • Lot: 2313
  • Municipality: LYNNFIELD
  • Latitude: 42.529
  • Longitude: -71.0223

    Address

  • Full Address: 296 Edgemere Rd
  • Address - House Number: 296
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1331
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,258,800

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,430,489
  • High Value: 1,652,740
  • Low Value: 1,208,238

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,197,700
  • Assessed Land Value: $721,800
  • Assessed Improvements Value: $475,900

    Sales

  • Current Sale Recording Date: Sep 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 922
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71869718

Frequently Asked Questions

When was property at 296 Edgemere Road built and last sold?
The property at 296 Edgemere Road was built in 1977 and last sold on Jan 1, 1970 for $900,000.
How much is this home worth?
The estimated value of the home located at 296 Edgemere Road is $964,158.
What are some comparable homes to 296 Edgemere Road?
There are currently no comparable homes to 296 Edgemere Road.
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