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Lynnfield 01940
3 Fall Way
$738,000
● House - Off Market

3 Fall Way

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,977 Ft²
$1,067,926
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Contemporary style home in Lynnfield on cul-de-sac with 4 bedrooms, 5 bathrooms and 2 car attached garage. Enjoy two floors of sunny living space with spacious rooms throughout. Perfect for family living and entertaining. Walk-in to spacious foyer that opens to sunken living room with cathedral ceilings, recessed lighting and bay window. Formal dining room with French doors and slider access to private deck. Kitchen offers peninsula with stainless-steel appliances, granite counters, dining area and lots of sunlight overlooking expansive deck and private flat yard. Bonus family room with high ceilings and bonus den with wet bar both also with exterior slider access to deck. Huge master bedroom with Jacuzzi tub and slider access to balcony. Room for the extended family in lower level potential in-law living space.
Unit Size
3,977 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$189
Property Type
House
Property Taxes
$663
HOA Dues
-
Year Built
1990

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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 #72553143)

Price History

Date / Event Date Event Price
Aug 26, 2021 Sold
Premium
Sold
Jun 1, 2021 Listed by Coldwell Banker Residential Brokerage - Lynnfield $979,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Oct 28, 2019 Sold
Premium
Sold
Aug 21, 2019 Listed by Coldwell Banker Residential Brokerage - Lynnfield $749,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,443
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,275
  • Total Building Area: 4,287
  • Gross Building Area: 6,710
  • Building Area: 4,287
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,287
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000488
  • 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:0052 B:0000 L:2137
  • Lot: 2137
  • Municipality: LYNNFIELD
  • Latitude: 42.5134
  • Longitude: -70.9992

    Address

  • Full Address: 3 Fall Way
  • Address - House Number: 3
  • Address - Street Name: Fall
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1585
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,089,600

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,180,318
  • High Value: 1,362,799
  • Low Value: 997,837

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,036,700
  • Assessed Land Value: $433,600
  • Assessed Improvements Value: $603,100

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Aug 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210826000670
  • Previous Sale Recording Date: Oct 28, 2019
  • Previous Sale Contract Date: Oct 28, 2019
  • Previous Sale Amount: $738,000
  • Previous Sale Document Type: O
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

3644 ft²

Average Home Age

48.9 years

Currently For Sale

18 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# 72553143

Frequently Asked Questions

When was property at 3 Fall Way built and last sold?
The property at 3 Fall Way was built in 1990 and last sold on Aug 25, 2021 for $960,000.
How much is this home worth?
The estimated value of the home located at 3 Fall Way is $1,019,568.
What are some comparable homes to 3 Fall Way?
There are currently no comparable homes to 3 Fall Way.
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