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Lynnfield 01940
44 Edward Ave
$490,000
● House - Off Market

44 Edward Ave

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$693,320
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

~WELCOME TO 44 EDWARD AVE ~  Located in one of Lynnfield's most sought after neighborhoods ~ THIS CUSTOM BRICK 2 BEDROOM RANCH WAS LOVINGLY BUILT BY THE OWNER OVER A FIVE YEAR PERIOD IN THE 1950's. - Although this home is not updated, THE QUALITY OF WORKMANSHIP IS EVIDENT THROUGHOUT. The home boasts a slate roof and stunning cobble stone chimney. THE THOUGHTFULNESS OF DESIGN includes two entryways/mudrooms - one leading into the kitchen, and the other into the living room. THE SPACIOUS KITCHEN HAS AN EATING AREA AND LOTS OF CABINETS. There is also a large living room with fireplace, dining room and two bedrooms with a full bath in between. This home has CENTRAL AIR, oversized garage and lower level also has tons of storage area.. PLUS A New Septic will be installed prior to close.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$454
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1953

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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 #72621896)

Price History

Date / Event Date Event Price
Mar 27, 2020 Sold
Premium
Sold
Feb 20, 2020 Listed by William Raveis R.E. & Home Services $499,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,925
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,088
  • Total Building Area: 1,375
  • Gross Building Area: 2,614
  • Building Area: 1,375
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,375
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0032 B:0000 L:1133
  • Lot: 1133
  • Municipality: LYNNFIELD
  • Latitude: 42.5319
  • Longitude: -71.0693

    Address

  • Full Address: 44 Edward Ave
  • Address - House Number: 44
  • Address - Street Name: Edward
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2540
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,500

    Appraisal Valuation

  • Standard Deviation: 0.176
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 767,871
  • High Value: 891,945
  • Low Value: 643,797

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $680,800
  • Assessed Land Value: $519,500
  • Assessed Improvements Value: $161,300

    Sales

  • Current Sale Contract Date: Mar 16, 2020
  • Current Sale Recording Date: Mar 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200327000210
  • Previous Sale Recording Date: Apr 18, 2007
  • 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:

$999,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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

$2,720 /mo

  • 1 Bed
  • 1 Bath
  • 687 ft²
200 Quannapowitt Parkway #A11B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72621896

Frequently Asked Questions

When was property at 44 Edward Avenue built and last sold?
The property at 44 Edward Avenue was built in 1953 and last sold on Mar 16, 2020 for $490,000.
How much is this home worth?
The estimated value of the home located at 44 Edward Avenue is $502,301.
What are some comparable homes to 44 Edward Avenue?
There are currently no comparable homes to 44 Edward Avenue.
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