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Lynnfield 01940
3 Temple Road
$530,000
● House - Off Market

3 Temple Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,983 Ft²
$861,346
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Updated ranch in desirable neighborhood. Conveniently located with easy access to Rte 1 and I-95, this home is a commuter's dream. Short drive (or 20 minute walk)  to Market Street shops and restaurants. 3 bedroom ranch with additional living space for home office, exercise room, man cave or teen space. Hardwood floors and spacious rooms. Updated kitchen with granite counters and stainless appliances. First floor family room with cathedral ceiling and easy access to new, stone patio. Large, private yard perfect for summer barbeques. Outer building in the yard is 16 x 20 and is currently used as a t.v./exercise room. This fabulous additional living area could be a workshop, teen hangout, art studio, music room, she-shed or man-cave. Vaulted ceiling, electricity and wall A/C make this an amazing bonus living space.
Unit Size
1,983 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$277
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1957

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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 #72153762)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Apr 26, 2017 Listed by Conway - Swampscott $549,900
Listed by Conway - Swampscott
Apr 29, 2004 Sold
Premium
Sold
Feb 6, 2004 Listed by Conway - Swampscott $419,900
Listed by Conway - Swampscott
Jan 31, 2002 Sold
Premium
Sold
Show More

Property Highlights

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: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,416
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,305
  • Total Building Area: 1,983
  • Gross Building Area: 2,662
  • Building Area: 1,983
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,983
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN GLEN MDW PARK L
  • Land Acres: 0000000374
  • 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: RA1

Geography

  • District: 164
  • Parcel: LYNF M:0041 B:0000 L:1168
  • Lot: 1168
  • Municipality: LYNNFIELD
  • Latitude: 42.5256
  • Longitude: -71.0304

    Address

  • Full Address: 3 Temple Rd
  • Address - House Number: 3
  • Address - Street Name: Temple
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2019
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $761,200

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 845,429
  • High Value: 989,328
  • Low Value: 701,529

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $724,300
  • Assessed Land Value: $542,700
  • Assessed Improvements Value: $181,600

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 816
  • Previous Sale Recording Date: Apr 29, 2004
  • Previous Sale Amount: $413,000
  • 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:

$999,000

Sale Price/ft²

$403

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3719 ft²

Average Home Age

51.5 years

Currently For Sale

22 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# 72153762

Frequently Asked Questions

When was property at 3 Temple Road built and last sold?
The property at 3 Temple Road was built in 1957 and last sold on Jan 1, 1970 for $530,000.
How much is this home worth?
The estimated value of the home located at 3 Temple Road is $568,254.
What are some comparable homes to 3 Temple Road?
There are currently no comparable homes to 3 Temple Road.
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