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Lynnfield 01940
4 Melody Ln
Photo of 4 Melody Ln
Sold on Feb 28, 2007

1

Map

$990,000
● House - Off Market

4 Melody Ln

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,305 Ft²
$2,260,732
RealtyHop Estimate
89.98%
Since Mar 1, 2007
MA-Boston
Primary Model

About This Property

Beautiful spacious brickfront Colonial in pristine condition situated on a lovely landscaped yard on a cul-de-sac. Spacious rooms with 9' ceilings, wonderful kitchen opens to a great room with vaulted ceiling and fireplace.  Gorgeous custom built cabinets in library & family room.  Three fireplaces, wrap around deck, MBR suite with deck and 3rd floor family room.  Many special custom features throughout.
Unit Size
4,305 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$276
Property Type
House
Property Taxes
$842
HOA Dues
-
Year Built
1988

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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 #70462324)

Price History

Date / Event Date Event Price
Feb 28, 2007 Sold
Premium
Sold
Sep 21, 2006 Listed $1,190,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,390
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,001
  • Total Building Area: 6,216
  • Gross Building Area: 9,039
  • Building Area: 6,216
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 6,216
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000918
  • 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:0031 B:0000 L:0242
  • Lot: 242
  • Municipality: LYNNFIELD
  • Latitude: 42.538
  • Longitude: -71.0226

    Address

  • Full Address: 4 Melody Ln
  • Address - House Number: 4
  • Address - Street Name: Melody
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1263
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,762,400

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,720,742
  • High Value: 1,984,260
  • Low Value: 1,457,224

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,676,900
  • Assessed Land Value: $743,600
  • Assessed Improvements Value: $933,300

    Sales

  • Current Sale Recording Date: Feb 28, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 80357
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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3588 ft²

Average Home Age

49.5 years

Currently For Sale

25 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70462324

Frequently Asked Questions

When was property at 4 Melody Lane built and last sold?
The property at 4 Melody Lane was built in 1988 and last sold on Jan 1, 1970 for $990,000.
How much is this home worth?
The estimated value of the home located at 4 Melody Lane is $1,214,692.
What are some comparable homes to 4 Melody Lane?
There are currently no comparable homes to 4 Melody Lane.
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