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Lynnfield 01940
3 Longbow Rd
$630,000
● House - Off Market

3 Longbow Rd

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,251 Ft²
$915,737
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

THE COOLEST HOUSE in Sherwood Forest is this custom built  MID CENTURY MODERN CONTEMPORARY home offering one level living with STYLE.  This is serious OPEN CONCEPT living.  Kitchen open to Soaring ceiling LIVING SPACE with an ENTIRE WALL OF GRANITE, ANOTHER WALL OF WOOD AND the rear walls are all WINDOWS. HUGE GRANITE FIREPLACE can be seen from the kitchen and dining areas.  FIRST FLOOR MASTER BEDROOM SUITE with dressing area and full bath, great closet space.   Lower level fire-placed FAMILY ROOM IS walkout to the BLUESTONE PATIO AND KIDNEY SHAPED GUNITE POOL, private fenced yard, 2 car garage, central air, and gas heat. A classic MASTERPIECE.   Offers if any due Monday 2p.
Unit Size
2,251 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$244
Property Type
House
Property Taxes
$601
HOA Dues
-
Year Built
1957

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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 #72048083)

Price History

Date / Event Date Event Price
Sep 15, 2016 Sold
Premium
Sold
Aug 3, 2016 Listed by Northrup Associates $549,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 23
  • 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: 2,846
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 14,741
  • Total Building Area: 1,966
  • Gross Building Area: 4,432
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000338
  • 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:1493
  • Lot: 1493
  • Municipality: LYNNFIELD
  • Latitude: 42.5198
  • Longitude: -71.0119

    Address

  • Full Address: 3 Longbow Rd
  • Address - House Number: 3
  • Address - Street Name: Longbow
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1415
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $919,900

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 970,400
  • High Value: 1,134,422
  • Low Value: 806,378

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $875,300
  • Assessed Land Value: $541,200
  • Assessed Improvements Value: $334,100

    Sales

  • Current Sale Contract Date: Sep 07, 2016
  • Current Sale Recording Date: Sep 15, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 575293
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72048083

Frequently Asked Questions

When was property at 3 Longbow Road built and last sold?
The property at 3 Longbow Road was built in 1957 and last sold on Sep 7, 2016 for $630,000.
How much is this home worth?
The estimated value of the home located at 3 Longbow Road is $582,799.
What are some comparable homes to 3 Longbow Road?
There are currently no comparable homes to 3 Longbow Road.
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