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Lynnfield 01940
5 Heritage Lane
$620,000
● House - Off Market

5 Heritage Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,604 Ft²
$1,266,453
RealtyHop Estimate
94.87%
Since Apr 1, 2004
MA-Boston
Primary Model

About This Property

ABSOLUTELY GORGEOUS GARRISON COLONIAL LOCATED IN VERY DESIR- ABLE NEIGHBORHOOD. UPDTD KITCHEN, W/ADJOINING 1ST FLR FR (22X22), PERFECT FOR ENTERTAINING FAMILY & FRIENDS. 4 GENER- OUS BEDROOMS, 2.5 BA, HW THRUOUT, A BEAUTIFUL LARGE YARD.
Unit Size
2,604 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$250
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1970

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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 #30742165)

Price History

Date / Event Date Event Price
Feb 19, 2019 Sold
Premium
Sold
Jan 24, 2017 Sold
Premium
Sold
Mar 5, 2004 Sold
Premium
Sold
Jul 3, 2003 Listed by Northrup Associates $649,900
Listed by Northrup Associates

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,524
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 30,753
  • Total Building Area: 4,060
  • Gross Building Area: 4,544
  • Building Area: 4,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,060
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000706
  • 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:0028 B:0000 L:1645
  • Lot: 1645
  • Municipality: LYNNFIELD
  • Latitude: 42.5354
  • Longitude: -71.0613

    Address

  • Full Address: 5 Heritage Ln
  • Address - House Number: 5
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2552
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,144,200

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,241,720
  • High Value: 1,453,838
  • Low Value: 1,029,603

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,088,700
  • Assessed Land Value: $612,300
  • Assessed Improvements Value: $476,400

    Sales

  • Current Sale Contract Date: Feb 12, 2019
  • Current Sale Recording Date: Feb 19, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 20190219003110
  • Previous Sale Recording Date: Jan 24, 2017
  • Previous Sale Amount: $455,741
  • Previous Sale Document Type: 34
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

$403

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3879 ft²

Average Home Age

42.2 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

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

$4,180 /mo

  • 2 Beds
  • 2 Baths
  • 1,155 ft²
200 Quannapowitt Parkway #B9J, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30742165

Frequently Asked Questions

When was property at 5 Heritage Lane built and last sold?
The property at 5 Heritage Lane was built in 1970 and last sold on Feb 12, 2019 for $666,000.
How much is this home worth?
The estimated value of the home located at 5 Heritage Lane is $678,337.
What are some comparable homes to 5 Heritage Lane?
There are currently no comparable homes to 5 Heritage Lane.
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