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Lynnfield 01940
3 Heritage Lane
$323,000
● House - Off Market

3 Heritage Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$1,240,952
RealtyHop Estimate
270.54%
Since Aug 1, 1998
MA-Boston
Primary Model

About This Property

OUTSTANDING SPLIT ENTRY, BRICK & SHINGLE FRONT IN EXECUTIVE LOCATION. THIS 8 ROOM, 4 BR HOME HAS HW FLOORING, LL FR, 2 FP & SECURITY SYSTEM. REMOODELED KITCHEN HAS CERAMIC TILE FLOOR, LT MAPLE CABINETS,SCRNED PRCH,SEMI WOODED LOT,
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$186
Property Type
House
Property Taxes
$271
HOA Dues
-
Year Built
1971

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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 years ago (MLSPIN #30213968)

Price History

Date / Event Date Event Price
Aug 8, 2003 Sold
Premium
Sold
Jul 30, 1998 Sold
Premium
Sold
Apr 5, 1998 Listed by Northrup Associates $334,900
Listed by Northrup Associates

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,794
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,862
  • Total Building Area: 2,036
  • Gross Building Area: 2,754
  • Building Area: 2,036
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,036
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000708
  • 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: 209200

Zoning

  • Zoning: RB

Geography

  • District: 164
  • Parcel: LYNF M:0028 B:0000 L:1683
  • Lot: 1683
  • Municipality: LYNNFIELD
  • Latitude: 42.5351
  • Longitude: -71.0607

    Address

  • Full Address: 3 Heritage Ln
  • Address - House Number: 3
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2552
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $930,500

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 933,417
  • High Value: 1,124,377
  • Low Value: 742,458

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $885,300
  • Assessed Land Value: $581,700
  • Assessed Improvements Value: $303,600

    Sales

  • Current Sale Recording Date: Aug 08, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 30, 1998
  • Previous Sale Amount: $323,000
  • Previous Sale Document Type: 27
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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3879 ft²

Average Home Age

42.2 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$2,875 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30213968

Frequently Asked Questions

When was property at 3 Heritage Lane built and last sold?
The property at 3 Heritage Lane was built in 1971 and last sold on Jan 1, 1970 for $510,000.
How much is this home worth?
The estimated value of the home located at 3 Heritage Lane is $0.
What are some comparable homes to 3 Heritage Lane?
There are currently no comparable homes to 3 Heritage Lane.
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