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Lynnfield 01940
344 Main St
$671,300
● House - Off Market

344 Main St

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,580 Ft²
$1,012,219
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

On the corner of Main & Heritage this iconic Lynnfield Victorian is set back nicely on a 3/4 acre lot with circular driveway. A large deck is off the over-sized family room. at left rear of home.  Newer gray cabinet kitchen with quartzite counter tops, formal dining room with brick fireplace,2 full baths and 4 bedrooms and high ceilings make this a great family home.
Unit Size
2,580 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$274
Property Type
House
Property Taxes
$572
HOA Dues
-
Year Built
1900

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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 #72550740)

Price History

Date / Event Date Event Price
Jun 15, 2022 Sold
Premium
Sold
Dec 27, 2019 Sold
Premium
Sold
Sep 2, 2019 Listed by Coldwell Banker Residential Brokerage - Lynnfield $708,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,326
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,218
  • Total Building Area: 2,580
  • Gross Building Area: 4,735
  • Building Area: 2,580
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,580
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE HILL
  • Land Acres: 0000000694
  • 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: 209200

Zoning

  • Zoning: RB

Geography

  • District: 164
  • Parcel: LYNF M:0028 B:0000 L:2411
  • Lot: 2411
  • Municipality: LYNNFIELD
  • Latitude: 42.5346
  • Longitude: -71.0596

    Address

  • Full Address: 344 Main St
  • Address - House Number: 344
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2518
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $941,800

    Appraisal Valuation

  • Standard Deviation: 0.2111
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,009,776
  • High Value: 1,183,164
  • Low Value: 836,388

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $896,100
  • Assessed Land Value: $499,700
  • Assessed Improvements Value: $396,400

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220615003470
  • Previous Sale Recording Date: Dec 27, 2019
  • Previous Sale Contract Date: Dec 18, 2019
  • Previous Sale Amount: $671,300
  • 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:

$999,000

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3552 ft²

Average Home Age

47 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,575 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72550740

Frequently Asked Questions

When was property at 344 Main Street built and last sold?
The property at 344 Main Street was built in 1900 and last sold on Jun 15, 2022 for $937,500.
How much is this home worth?
The estimated value of the home located at 344 Main Street is $731,565.
What are some comparable homes to 344 Main Street?
There are currently no comparable homes to 344 Main Street.
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