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Lynnfield 01940
427 Main Street
Photo of 427 Main Street
Sold on Jun 26, 2009

1

Map

$525,000
● House - Off Market

427 Main Street

Lynnfield, MA 01940
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,711 Ft²
$1,118,546
RealtyHop Estimate
107.18%
Since Jul 1, 2009
MA-Boston
Primary Model

About This Property

Open House Sunday April 5th 12-2! 427 Main Street Lovely 11 Room Farmhouse near center. Wonderful updated Custom Kitchen, center island s.s. appliances, solid soapstone counters and Jenn-Air gas counter top range opens to Family Room with gas fireplace. Beautiful hardwood floors throughout.  Breakfast room with built-in china cabinet and wainscoting.  Many charming features! First floor library, full bath. 5 bedrooms, 2 fireplaces, 2 full baths, 2 car garage.  Meticulous grounds on corner lot.
Unit Size
2,711 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$199
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1900

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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 #70880436)

Price History

Date / Event Date Event Price
Jun 26, 2009 Sold
Premium
Sold
Feb 25, 2009 Listed $539,900
Listed
Dec 14, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,282
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,749
  • Total Building Area: 2,921
  • Gross Building Area: 5,203
  • Building Area: 2,921
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,921
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONSTRUCTION & DEV CO
  • Land Acres: 0000000385
  • 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: RA

Geography

  • District: 164
  • Parcel: LYNF M:0028 B:0000 L:1279
  • Lot: 1279
  • Municipality: LYNNFIELD
  • Latitude: 42.536
  • Longitude: -71.0558

    Address

  • Full Address: 427 Main St
  • Address - House Number: 427
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1701
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $865,600

    Appraisal Valuation

  • Standard Deviation: 0.2045
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 983,956
  • High Value: 1,150,269
  • Low Value: 817,643

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $823,600
  • Assessed Land Value: $443,000
  • Assessed Improvements Value: $380,600

    Sales

  • Current Sale Recording Date: Jun 26, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 14, 1993
  • Previous Sale Amount: $250,000
  • 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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3477 ft²

Average Home Age

50.2 years

Currently For Sale

26 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,030 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70880436

Frequently Asked Questions

When was property at 427 Main Street built and last sold?
The property at 427 Main Street was built in 1900 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 427 Main Street is $544,414.
What are some comparable homes to 427 Main Street?
There are currently no comparable homes to 427 Main Street.
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