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Lynnfield 01940
3 Lakeview Drive
$370,000
● House - Off Market

3 Lakeview Drive

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,841 Ft²
$642,210
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Picture perfect cape,featuring modern kitchen with granite counter tops, formal dining room, fireplaced living room and family room, heated sun porch, spacious master bedroom, hardwood floors, newer high efficiency gas heat, central A/C, newer windows, newer roof, newer septic system (approx 4 tears old), 200 AMP electric panel box, 1 car garage, all this home needs is some of your personal touches, convenient location with easy access to shopping and all major routes, affordable price to live in Lynnfield
Unit Size
1,841 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$201
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1936

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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 #71849322)

Price History

Date / Event Date Event Price
Dec 1, 2020 Sold
Premium
Sold
Aug 14, 2015 Sold
Premium
Sold
Jun 1, 2015 Listed by RE/MAX Leading Edge $369,900
Listed by RE/MAX Leading Edge

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 3
  • Basement Area: 1,093
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,519
  • Total Building Area: 1,857
  • Gross Building Area: 2,797
  • Building Area: 1,857
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,857
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WARDHURST PARK
  • Land Acres: 0000000127
  • 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:0047 B:0000 L:2094
  • Lot: 2094
  • Municipality: LYNNFIELD
  • Latitude: 42.5182
  • Longitude: -71.001

    Address

  • Full Address: 3 Lakeview Dr
  • Address - House Number: 3
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1423
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $619,100

    Appraisal Valuation

  • Standard Deviation: 0.1711
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 693,759
  • High Value: 812,349
  • Low Value: 575,169

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $589,100
  • Assessed Land Value: $329,400
  • Assessed Improvements Value: $259,700

    Sales

  • Current Sale Contract Date: Dec 01, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201201003190
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Amount: $370,000
  • 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

3553 ft²

Average Home Age

49.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71849322

Frequently Asked Questions

When was property at 3 Lakeview Drive built and last sold?
The property at 3 Lakeview Drive was built in 1936 and last sold on Dec 1, 2020 for $515,000.
How much is this home worth?
The estimated value of the home located at 3 Lakeview Drive is $396,106.
What are some comparable homes to 3 Lakeview Drive?
There are currently no comparable homes to 3 Lakeview Drive.
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