5 Meadow Lane
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Listed by Maloney Properties, Inc. | $899,900 | |
| Listed by Maloney Properties, Inc. | |||
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Located in the back corner lot of a lovely "trick or treat" neighborhood off Main St, 5 Meadow Lane is an ideal opportunity to get into highly desirable Lynnfield! With unobstructed views of Reedy Meadow Conservation area, this 3 bed / 2 bath home features a stunning modern kitchen recently renovated w/quartz counters, SS appliances, coffee bar, beverage fridge, & beautiful cabinetry. Loads of natural light throughout the main floor, particularly in the sunroom that leads out to a Trex deck. Updated baths, comfortable bedrooms, & hardwood floors throughout the main level. Splendid entryway / mudroom w/radiant floor heat & great built-ins. Open concept living & dining w/large bay window for those great views, & a wood burning fireplace. Partially finished walkout basement w/wood stove offers potential for a perfect playroom or addt'l living space. Central AC, 2-car garage & large backyard ideal for kids & pets. Terrific location close to Market Street, highways, schools, library & more!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017