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Lynnfield 01940
3 Dewing Rd
$290,000
● House - Off Market

3 Dewing Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,313 Ft²
$553,646
RealtyHop Estimate
78.60%
Since May 1, 2015
MA-Boston
Primary Model

About This Property

Do you want to live in Lynnfield at an affordable price? 3 Bedroom 1.5 bath cape with central air, on a dead end street with an attached 1 car garage. Minutes to Market Street. Nice size level yard and parking for 4 cars. Most of the big ticket items have been done. Septic and roof were replaced in 2012. Windows are newer as well. First floor has hardwood floors under the carpeting.  Priced well under assessed value. Great opportunity to gain sweat equity. Property needs a French drain.
Unit Size
1,313 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$236
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71782109)

Price History

Date / Event Date Event Price
Apr 7, 2015 Sold
Premium
Sold
Jan 7, 2015 Listed by Renaissance Real Estate Advisors $310,000
Listed by Renaissance Real Estate Advisors

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 720
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,162
  • Total Building Area: 1,260
  • Gross Building Area: 2,630
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000279
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0051 B:0000 L:1278
  • Lot: 1278
  • Municipality: LYNNFIELD
  • Latitude: 42.514
  • Longitude: -71.0172

    Address

  • Full Address: 3 Dewing Rd
  • Address - House Number: 3
  • Address - Street Name: Dewing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C013
  • 4-Digit Zip Code: 2217
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $612,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 715,519
  • High Value: 828,538
  • Low Value: 602,499

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $583,200
  • Assessed Land Value: $410,300
  • Assessed Improvements Value: $172,900

    Sales

  • Current Sale Recording Date: Apr 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40700257
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

$404

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3895 ft²

Average Home Age

47.6 years

Currently For Sale

20 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# 71782109

Frequently Asked Questions

When was property at 3 Dewing Road built and last sold?
The property at 3 Dewing Road was built in 1950 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 3 Dewing Road is $325,629.
What are some comparable homes to 3 Dewing Road?
There are currently no comparable homes to 3 Dewing Road.
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