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Lynnfield 01940
321 Summer St.
Photo of 321 Summer St.
Sold on Dec 11, 2009

1

Map

$525,000
● House - Off Market

321 Summer St.

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,347 Ft²
$1,142,421
RealtyHop Estimate
109.23%
Since Jan 1, 2010
MA-Boston
Primary Model

About This Property

A MUST SEE TO APPRECIATE! Almost 2 ACRES of PRIVACY & SOLITUDE...........House is set way back off street in close proximity to Summer St School and Lynnfield Center. Wood, ceramic tile and marble flooring. Skylights, security system,sprinklers, private well for outside watering, IG gunite pool and several out buildings w/ electricity for storage or work shop. 2 car garage foundation in place for expansion. Open family room overlooking great  oversized yard.
Unit Size
2,347 Ft²
Days on Market
-
Land Size
1.71 acres
Price per sqft
$233
Property Type
House
Property Taxes
$482
HOA Dues
-
Year Built
1905

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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: 5 months ago (MLSPIN #70970821)

Price History

Date / Event Date Event Price
Dec 11, 2009 Sold
Premium
Sold
Sep 7, 2009 Listed $546,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 974
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,583
  • Total Building Area: 2,347
  • Gross Building Area: 3,913
  • Building Area: 2,347
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,347
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNFIELD
  • Land Acres: 0000001712
  • 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:0034 B:0000 L:1377
  • Lot: 1377
  • Municipality: LYNNFIELD
  • Latitude: 42.5312
  • Longitude: -71.0405

    Address

  • Full Address: 321 Summer St
  • Address - House Number: 321
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1831
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,015,300

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,011,338
  • High Value: 1,182,279
  • Low Value: 840,396

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $966,000
  • Assessed Land Value: $590,700
  • Assessed Improvements Value: $375,300

    Sales

  • Current Sale Recording Date: Dec 11, 2009
  • Current Sale Price:
    Premium
  • Current 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: 5 months ago
Data Source: MLS PIN, MLS# 70970821

Frequently Asked Questions

When was property at 321 Summer Street built and last sold?
The property at 321 Summer Street was built in 1905 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 321 Summer Street is $577,378.
What are some comparable homes to 321 Summer Street?
There are currently no comparable homes to 321 Summer Street.
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