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Lynnfield 01940
40 Grey Lane
$698,000
● House - Off Market

40 Grey Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,039 Ft²
$1,117,417
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Sun filled Will built 10 room Contemporary Split Entry in prestigious King James Grant offering a fireplace living room, all applianced kitchen open to family room with gas fireplace and vaulted beamed ceiling, formal dining room, bright sunroom leading to deck, 4 bedrooms, game room, exercise room, 2 1/2 baths and 2 car garage.  Hardwood floors, central air conditioning, underground sprinklers and security system.
Unit Size
3,039 Ft²
Days on Market
-
Land Size
0.98 acres
Price per sqft
$237
Property Type
House
Property Taxes
$858
HOA Dues
-
Year Built
1972

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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 #72122229)

Price History

Date / Event Date Event Price
Aug 11, 2017 Sold
Premium
Sold
Feb 23, 2017 Listed by Northrup Associates $719,000
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 23
  • 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: 2,257
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 42,802
  • Total Building Area: 3,039
  • Gross Building Area: 4,572
  • Building Area: 3,039
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,039
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000983
  • 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:0017 B:0000 L:2582
  • Lot: 2582
  • Municipality: LYNNFIELD
  • Latitude: 42.55
  • Longitude: -71.0309

    Address

  • Full Address: 40 Grey Ln
  • Address - House Number: 40
  • Address - Street Name: Grey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C008
  • 4-Digit Zip Code: 1074
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,178,300

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,144,542
  • High Value: 1,340,059
  • Low Value: 949,026

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,121,100
  • Assessed Land Value: $744,200
  • Assessed Improvements Value: $376,900

    Sales

  • Current Sale Contract Date: Aug 11, 2017
  • Current Sale Recording Date: Aug 11, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 585215
  • Previous Sale Recording Date: Mar 12, 2007
  • 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

$404

Below Asking

0.02%

Average Days on Market

54

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# 72122229

Frequently Asked Questions

When was property at 40 Grey Lane built and last sold?
The property at 40 Grey Lane was built in 1972 and last sold on Aug 11, 2017 for $684,040.
How much is this home worth?
The estimated value of the home located at 40 Grey Lane is $749,164.
What are some comparable homes to 40 Grey Lane?
There are currently no comparable homes to 40 Grey Lane.
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