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Lynnfield 01940
4 Michaels Road
$508,000
● House - Off Market

4 Michaels Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,248 Ft²
$870,243
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

***BEST DEAL IN TOWN***PRIDE OF OWNERSHIP and in Turn Key Condition. This comfortable Ranch style home has three steps leading to 3 Sun Filled Bedrooms, Fireplace Living Room, New Roof, New Heating System, New 200 AMP Electric, New Kitchen with Granite Countertops and New Stainless Steel Appliances, Gleaming Hardwood Floors, Loads of Storage Space and High Ceilings in the Basement with Rough Plumbing for an Additional Bathroom!  A 2 Car Garage Complete the Home. Entertain Year Round or Simply Enjoy the Private Deck off the Family Room.  NEW 3  BEDROOM SEPTIC TO BE INSTALLED BY SELLER.  All within this Fabulous Glen Meadow Neighborhood!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$421
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1960

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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 #72038131)

Price History

Date / Event Date Event Price
Jul 19, 2021 Sold
Premium
Sold
Jun 3, 2021 Listed by Northrup Associates $699,900
Listed by Northrup Associates
Oct 17, 2016 Sold
Premium
Sold
Jul 14, 2016 Listed by Northrup Associates $525,000
Listed by Northrup Associates

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,269
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,980
  • Total Building Area: 1,863
  • Gross Building Area: 2,946
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000390
  • 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:0046 B:0000 L:0248
  • Lot: 248
  • Municipality: LYNNFIELD
  • Latitude: 42.5213
  • Longitude: -71.0226

    Address

  • Full Address: 4 Michaels Rd
  • Address - House Number: 4
  • Address - Street Name: Michaels
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2030
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $732,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 853,228
  • High Value: 987,999
  • Low Value: 718,457

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $696,500
  • Assessed Land Value: $443,100
  • Assessed Improvements Value: $253,400

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210719001430
  • Previous Sale Recording Date: Oct 17, 2016
  • Previous Sale Amount: $508,000
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3553 ft²

Average Home Age

49.5 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72038131

Frequently Asked Questions

When was property at 4 Michaels Road built and last sold?
The property at 4 Michaels Road was built in 1960 and last sold on Jul 19, 2021 for $785,000.
How much is this home worth?
The estimated value of the home located at 4 Michaels Road is $720,674.
What are some comparable homes to 4 Michaels Road?
There are currently no comparable homes to 4 Michaels Road.
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