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Lynnfield 01940
5 Grey Lane
$316,000
● House - Off Market

5 Grey Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,451,289
RealtyHop Estimate
333.22%
Since Oct 1, 1996
MA-Boston
Primary Model

About This Property

KING JAMES GRANT LOCATION! 4 BDRM 2.5 BATH HOME. BEAUTIFUL KITCHEN WITH NEW APPLIANCES. ENCLOSED PORCH OFF KITCHEN. LL FRM. WITH 1/2 BATH SLIDERS TO PATIO OVERLOOKING BEAUTIFUL YARD.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.93 acres
Price per sqft
$134
Property Type
House
Property Taxes
$296
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 years ago (MLSPIN #30117866)

Price History

Date / Event Date Event Price
Sep 17, 1996 Sold
Premium
Sold
Jul 19, 1996 Listed $335,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,975
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,615
  • Total Building Area: 2,496
  • Gross Building Area: 3,310
  • Building Area: 2,496
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000932
  • 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:0025 B:0000 L:1127
  • Lot: 1127
  • Municipality: LYNNFIELD
  • Latitude: 42.5423
  • Longitude: -71.0311

    Address

  • Full Address: 5 Grey Ln
  • Address - House Number: 5
  • Address - Street Name: Grey
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C008
  • 4-Digit Zip Code: 1239
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,064,500

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,080,700
  • High Value: 1,263,365
  • Low Value: 898,034

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,012,800
  • Assessed Land Value: $658,700
  • Assessed Improvements Value: $354,100

    Sales

  • Current Sale Recording Date: Aug 19, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 67
  • Previous Sale Recording Date: Oct 19, 2009
  • 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

Rentals Near You

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30117866

Frequently Asked Questions

When was property at 5 Grey Lane built and last sold?
The property at 5 Grey Lane was built in 1960 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Grey Lane is $373,170.
What are some comparable homes to 5 Grey Lane?
There are currently no comparable homes to 5 Grey Lane.
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