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Lynnfield 01940
4 Herrick Lane
$604,000
● House - Off Market

4 Herrick Lane

Lynnfield, MA 01940
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,082 Ft²
$890,917
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

LOCATION!! LOCATION!! **Desirable Glen Meadow  located on a QUIET street.  FIVE bedroom multi **top level has 3 bedrooms and a full bath**a few steps down are two large bedrooms with full bath (which would be ideal for transforming into a spacious master suite), FIRST floor FAMILY ROOM  with cathedral ceilng, GORGEOUS 21,200 SQ.Ft usable private lot**BRAND new 5 BEDROOM septic system, 200 amp electric, walk to school, park, Market  Street and very easy access to highway..
Unit Size
2,082 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$288
Property Type
House
Property Taxes
$632
HOA Dues
-
Year Built
1954

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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 #72345775)

Price History

Date / Event Date Event Price
Nov 2, 2018 Sold
Premium
Sold
Jun 14, 2018 Listed by Northrup Associates $599,000
Listed by Northrup Associates

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • 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: 601
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,201
  • Total Building Area: 2,082
  • Gross Building Area: 3,585
  • Building Area: 2,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,082
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN MDW PARK SEC 05
  • Land Acres: 0000000487
  • 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: RA

Geography

  • District: 164
  • Parcel: LYNF M:0041 B:0000 L:1175
  • Lot: 1175
  • Municipality: LYNNFIELD
  • Latitude: 42.5252
  • Longitude: -71.0316

    Address

  • Full Address: 4 Herrick Ln
  • Address - House Number: 4
  • Address - Street Name: Herrick
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2116
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $906,600

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 940,599
  • High Value: 1,100,697
  • Low Value: 780,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $862,600
  • Assessed Land Value: $543,800
  • Assessed Improvements Value: $318,800

    Sales

  • Current Sale Recording Date: Nov 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181102003340
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

3762 ft²

Average Home Age

44.7 years

Currently For Sale

20 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# 72345775

Frequently Asked Questions

When was property at 4 Herrick Lane built and last sold?
The property at 4 Herrick Lane was built in 1954 and last sold on Jan 1, 1970 for $604,000.
How much is this home worth?
The estimated value of the home located at 4 Herrick Lane is $606,753.
What are some comparable homes to 4 Herrick Lane?
There are currently no comparable homes to 4 Herrick Lane.
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