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Lynnfield 01940
3 Abbey Lane
$530,000
● House - Off Market

3 Abbey Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,656 Ft²
$1,190,576
RealtyHop Estimate
116.51%
Since Jan 1, 2012
MA-Boston
Primary Model

About This Property

LOCATION!  EASY ONE LEVEL LIV. IN THIS DESIRABLE FULL BASEMENT RANCH IN SHERWOOD FOREST!  Tremendous first floor living space with spectacular 5 yr yg. FR addition with floor to ceil. stone fireplace, cath. ceiling and gleaming cherry Brazilian HW floors.  Updated maple kit. with granite and penisular. MB with designer MB with steam shower and jets.  First floor office or optional four season rm.  LL with two additional Game Rooms. 2 car gar,CA,Sec.
Unit Size
2,656 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$207
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1958

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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: 5 months ago (MLSPIN #71274331)

Price History

Date / Event Date Event Price
Dec 9, 2011 Sold
Premium
Sold
Aug 11, 2011 Listed by Coldwell Banker Residential Brokerage - Lynnfield $549,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Jul 29, 1997 Sold
Premium
Sold
May 7, 1997 Listed by Coldwell Banker Residential Brokerage - Lynnfield $277,500
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 3,431
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,198
  • Total Building Area: 2,875
  • Gross Building Area: 4,498
  • Building Area: 2,875
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,875
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000349
  • 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:0042 B:0000 L:2184
  • Lot: 2184
  • Municipality: LYNNFIELD
  • Latitude: 42.5238
  • Longitude: -71.0129

    Address

  • Full Address: 3 Abbey Ln
  • Address - House Number: 3
  • Address - Street Name: Abbey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1428
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $920,500

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,052,109
  • High Value: 1,215,572
  • Low Value: 888,646

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $875,800
  • Assessed Land Value: $542,500
  • Assessed Improvements Value: $333,300

    Sales

  • Current Sale Recording Date: Dec 09, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 525756
  • Previous Sale Recording Date: Jul 29, 1997
  • Previous Sale Amount: $267,000
  • Previous Sale Document Type: 43
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:

$999,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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# 71274331

Frequently Asked Questions

When was property at 3 Abbey Lane built and last sold?
The property at 3 Abbey Lane was built in 1958 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 3 Abbey Lane is $579,546.
What are some comparable homes to 3 Abbey Lane?
There are currently no comparable homes to 3 Abbey Lane.
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