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Lynnfield 01940
42 Island
$651,000
● House - Off Market

42 Island

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,018 Ft²
$1,205,809
RealtyHop Estimate
89.92%
Since Jun 1, 2004
MA-Boston
Primary Model

About This Property

Own your own island on Pillings Pond. Privacy and 360 degree water views. Hardwood floors, C/A, 2 fireplaces complement spacious one floor home. Living room, dining room and family room sliders open to IG pool, patio, and pond. Perfect for summer entertaining! Separate unheated studio/workshop, 39'x 25', is freshly painted with updated electrical- suitable for home office.
Unit Size
2,018 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$315
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1962

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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: 6 months ago (MLSPIN #70004305)

Price History

Date / Event Date Event Price
May 25, 2004 Sold
Premium
Sold
Mar 9, 2004 Listed by Carlson GMAC Real Estate $634,900
Listed by Carlson GMAC Real Estate
Aug 1, 1997 Sold
Premium
Sold
Dec 1, 1996 Listed by Carlson GMAC Real Estate $329,900
Listed by Carlson GMAC Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 2,134
  • Gross Building Area: 3,136
  • Building Area: 2,134
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,134
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BROWN ISLAND
  • Land Acres: 0000000750
  • 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:0035 B:0000 L:2841
  • Lot: 2841
  • Municipality: LYNNFIELD
  • Latitude: 42.5286
  • Longitude: -71.0266

    Address

  • Full Address: 42 Island Rd
  • Address - House Number: 42
  • Address - Street Name: Island
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1949
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $934,500

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,037,241
  • High Value: 1,214,428
  • Low Value: 860,054

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $889,200
  • Assessed Land Value: $550,500
  • Assessed Improvements Value: $338,700

    Sales

  • Current Sale Recording Date: May 25, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 01, 1997
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: 27
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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3523 ft²

Average Home Age

41.7 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: 6 months ago
Data Source: MLS PIN, MLS# 70004305

Frequently Asked Questions

When was property at 42 Island Road built and last sold?
The property at 42 Island Road was built in 1962 and last sold on Jan 1, 1970 for $651,000.
How much is this home worth?
The estimated value of the home located at 42 Island Road is $646,511.
What are some comparable homes to 42 Island Road?
There are currently no comparable homes to 42 Island Road.
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