For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lynnfield 01940
3 Archer Ln
$490,000
● House - Off Market

3 Archer Ln

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,228 Ft²
$930,425
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Your search ends today!!New to the market,this home features hard wood floors,spacious rooms,energy efficient appliances,not to mention a great location with a great school system.Meticulously maintained & ready to move in.Great landscape to the back yard so you can enjoy the weather & BBQ w/friends and family.Plenty of storage space in the attic & backyard storage shed,Finished basement, two car garage,great office space,& a large family room;take a look for yourself. What more can you ask for?
Unit Size
2,228 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$219
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1959

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #71516871)

Price History

Date / Event Date Event Price
Jul 31, 2013 Sold
Premium
Sold
Apr 29, 2013 Listed by Coldwell Banker Residential Brokerage - Tewksbury $489,000
Listed by Coldwell Banker Residential Brokerage - Tewksbury

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • 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: 2,148
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,241
  • Total Building Area: 2,408
  • Gross Building Area: 3,124
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000396
  • 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:0046 B:0000 L:0581
  • Lot: 581
  • Municipality: LYNNFIELD
  • Latitude: 42.5211
  • Longitude: -71.0166

    Address

  • Full Address: 3 Archer Ln
  • Address - House Number: 3
  • Address - Street Name: Archer
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 2219
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $897,700

    Appraisal Valuation

  • Standard Deviation: 0.2077
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 899,906
  • High Value: 1,086,365
  • Low Value: 713,448

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $854,100
  • Assessed Land Value: $542,900
  • Assessed Improvements Value: $311,200

    Sales

  • Current Sale Recording Date: Jul 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 545096
  • Previous Sale Recording Date: Apr 27, 2010
  • Previous Sale Document Type: 48

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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

$403

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3652 ft²

Average Home Age

49.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71516871

Frequently Asked Questions

When was property at 3 Archer Lane built and last sold?
The property at 3 Archer Lane was built in 1959 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 3 Archer Lane is $520,003.
What are some comparable homes to 3 Archer Lane?
There are currently no comparable homes to 3 Archer Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lynnfield Homes for Sale
Lynnfield Houses for Sale
Lynnfield Condos for Sale
Lynnfield Multifamily for Sale
Lynnfield Land for Sale
Lynnfield Commercial for Sale
Lynnfield Homes with Basements
Lynnfield Homes with Pools
Nearby Cities
Lynn Homes for Sale
Peabody Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Danvers Homes for Sale
Reading Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Plymouth County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Peabody Town Center Real Estate
Cliftondale Real Estate
Melrose East Side Real Estate
North Medford Real Estate
Nearby Counties
Lynn Homes for Sale
Peabody Homes for Sale
Malden Homes for Sale
Woburn Homes for Sale
Melrose Homes for Sale
Wakefield Homes for Sale
Danvers Homes for Sale
Reading Homes for Sale
Top Real Estate Agents
Top Agents in Lynnfield
Top Agents in Lynn
Top Agents in Lynn
Top Agents in Peabody
Top Agents in Peabody
Top Agents in 01960
Top Agents in Malden
Top Agents in Malden