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Lynnfield 01940
3 Timberhill Terrace
$840,000
● House - Off Market

3 Timberhill Terrace

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
4,455 Ft²
$1,324,774
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

STUNNING STONE Front Contemporary on PRIVATE lot.  Home has great NATURAL LIGHT and features CATHEDRAL ceiling living room with STONE fireplace, step up MUSIC ROOM , updated kitchen with CHERRY cabinets, GRANITE  counters, ISLAND , stainless appliances.  Kitchen opens to family room with fireplace having  BUILT IN BARBAQUE GRILL, built-in DESK area & WET BAR, 3 bedrooms, MASTER has newer BATH  with TILED  shower.  Lower level is WALKOUT  featuring FIREPLACE  family room with wet bar, full bath, PLAYROOM , office area, & CEDAR  closet.  PRIVATE  yard with in ground POOL, outside SHOWER , spacious DECK, OVERSIZED GARAGE .  IN LAW potential.  Great home for ENTERTAINING !!!.  Call for more details.
Unit Size
4,455 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$198
Property Type
House
Property Taxes
$872
HOA Dues
-
Year Built
1968

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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 #72168457)

Price History

Date / Event Date Event Price
Mar 6, 2018 Sold
Premium
Sold
May 20, 2017 Listed by Northrup Associates $879,900
Listed by Northrup Associates
Sep 10, 1997 Sold
Premium
Sold
Apr 19, 1997 Listed by Northrup Associates $409,000
Listed by Northrup Associates
CONTEMPORARY HOME W/SUPERIOR QUALITIES. HANDSOMELY LANDSCAPED CUL-DE-SAC SETTING. AMENITIES OF A/C, VAC, SEC., ING. SPRINKLER SYSTEM, 2 LEVEL DECK + LG. PATIO & HEATED ING. POOL. GRACIOUS HOME FOR TODAYS PROFESSIONALS.

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 7
  • Basement Area: 2,691
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 37,880
  • Total Building Area: 4,455
  • Gross Building Area: 6,062
  • Building Area: 4,455
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,455
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERHILL
  • Land Acres: 0000000870
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0046 B:0000 L:1051
  • Lot: 1051
  • Municipality: LYNNFIELD
  • Latitude: 42.5201
  • Longitude: -71.0202

    Address

  • Full Address: 3 Timberhill Ter
  • Address - House Number: 3
  • Address - Street Name: Timberhill
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2234
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,223,600

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,315,713
  • High Value: 1,520,132
  • Low Value: 1,111,294

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,164,200
  • Assessed Land Value: $613,900
  • Assessed Improvements Value: $550,300

    Sales

  • Current Sale Recording Date: Mar 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180306002200
  • Previous Sale Recording Date: Mar 07, 2017
  • 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

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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# 72168457

Frequently Asked Questions

When was property at 3 Timberhill Terrace built and last sold?
The property at 3 Timberhill Terrace was built in 1968 and last sold on Jan 1, 1970 for $840,000.
How much is this home worth?
The estimated value of the home located at 3 Timberhill Terrace is $944,990.
What are some comparable homes to 3 Timberhill Terrace?
There are currently no comparable homes to 3 Timberhill Terrace.
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