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Lynnfield 01940
4 Locksley Rd
$480,000
● House - Off Market

4 Locksley Rd

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,256 Ft²
$720,233
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

A great opportunity to live in the desirable Sherwood Forest neighborhood. This easy living 2 bedroom Ranch boasts hardwood floors throughout, 2 fireplaces; one in the den off kitchen and one in the living room which also offers french doors to deck and yard. Updates to the home include kitchen/bath, siding, furnace and water heater. Easy access to Rte 1 and 95, with nearby Market Street and dining. Title V approved.
Unit Size
1,256 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$397
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1951

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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: 4 months ago (MLSPIN #72436387)

Price History

Date / Event Date Event Price
Apr 30, 2019 Sold
Premium
Sold
Jan 2, 2019 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $499,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Oct 30, 2006 Sold
Premium
Sold
Dec 9, 2005 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $359,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,076
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,990
  • Total Building Area: 1,256
  • Gross Building Area: 2,794
  • Building Area: 1,256
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,256
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000252
  • 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:0047 B:0000 L:2458
  • Lot: 2458
  • Municipality: LYNNFIELD
  • Latitude: 42.5171
  • Longitude: -71.0072

    Address

  • Full Address: 4 Locksley Rd
  • Address - House Number: 4
  • Address - Street Name: Locksley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1412
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $744,400

    Appraisal Valuation

  • Standard Deviation: 0.2093
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 704,437
  • High Value: 851,541
  • Low Value: 557,333

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $708,300
  • Assessed Land Value: $523,700
  • Assessed Improvements Value: $184,600

    Sales

  • Current Sale Contract Date: Apr 30, 2019
  • Current Sale Recording Date: Apr 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 601572
  • Previous Sale Recording Date: Oct 30, 2006
  • Previous Sale Amount: $350,000
  • 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:

$999,000

Sale Price/ft²

$406

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3895 ft²

Average Home Age

47.6 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72436387

Frequently Asked Questions

When was property at 4 Locksley Road built and last sold?
The property at 4 Locksley Road was built in 1951 and last sold on Apr 30, 2019 for $480,000.
How much is this home worth?
The estimated value of the home located at 4 Locksley Road is $500,384.
What are some comparable homes to 4 Locksley Road?
There are currently no comparable homes to 4 Locksley Road.
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