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Lynnfield 01940
4 Cortland Lane
$720,000
● House - Off Market

4 Cortland Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,200 Ft²
$1,306,701
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

APPLE HILL LOCATION....Wills Built Brick Front split entry ranch with walk out lower level onto the most private pool entertaining area with cabana.   Hardwood floors throughout first level, spacious eat in kitchen, dining room and fireplaced living room overlooking the backyard.  Four generous size bedrooms, and an outstanding lower level with all full size windows all sunlit from the back. Located on the lower level is the Game Room with fireplace,  Office, Media Room and  brand new full bath. Potential here for in-law!  Laundry room with plenty of storage left on the lower level. Artesian well for sprinkler system. This home has wonderful Curb Appeal and you will NOT be disappointed with the size and privacy once you see it!  Natural Gas available on the street.
Unit Size
3,200 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$225
Property Type
House
Property Taxes
$720
HOA Dues
-
Year Built
1961

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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: 5 months ago (MLSPIN #71658141)

Price History

Date / Event Date Event Price
Jun 20, 2014 Sold
Premium
Sold
Apr 5, 2014 Listed by RE/MAX Leading Edge $719,900
Listed by RE/MAX Leading Edge
Oct 5, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 1,647
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 40,498
  • Total Building Area: 2,736
  • Gross Building Area: 4,300
  • Building Area: 2,736
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,736
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000930
  • 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: RC

Geography

  • District: 164
  • Parcel: LYNF M:0015 B:0000 L:1347
  • Lot: 1347
  • Municipality: LYNNFIELD
  • Latitude: 42.5531
  • Longitude: -71.0539

    Address

  • Full Address: 4 Cortland Ln
  • Address - House Number: 4
  • Address - Street Name: Cortland
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1609
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,174,900

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,231,202
  • High Value: 1,422,491
  • Low Value: 1,039,914

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,117,900
  • Assessed Land Value: $743,700
  • Assessed Improvements Value: $374,200

    Sales

  • Current Sale Recording Date: Jun 20, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 553214
  • Previous Sale Recording Date: Oct 05, 2007
  • Previous Sale Amount: $650,000
  • Previous Sale Document Type: 48
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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3879 ft²

Average Home Age

42.2 years

Currently For Sale

19 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# 71658141

Frequently Asked Questions

When was property at 4 Cortland Lane built and last sold?
The property at 4 Cortland Lane was built in 1961 and last sold on Jan 1, 1970 for $720,000.
How much is this home worth?
The estimated value of the home located at 4 Cortland Lane is $758,627.
What are some comparable homes to 4 Cortland Lane?
There are currently no comparable homes to 4 Cortland Lane.
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