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Lynnfield 01940
5 Putney Lane
$657,000
● House - Off Market

5 Putney Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,724 Ft²
$1,097,026
RealtyHop Estimate
63.76%
Since Feb 1, 2017
MA-Boston
Primary Model

About This Property

WONDERFUL 10 room Colonial in GLEN MEADOW!  FIREPLACE living room, NEWER MAPLE  kitchen with GRANITE counters, STAINLESS  steel appliances, Brazilian CHERRY  flooring, ISLAND, PANTRY, step down to FAMILY room with BUILT INS and  FRENCH doors to yard and POOL.MASTER bedroom on first floor with SITTING room, FULL bath with shower and SLIDER to DECK .  4 GENEROUS Additional rooms on second floor with NEW HARDWOOD FLOORS and full bath.  LOWER level PLAYROOM with NEW LAMINATE  flooring.  Home has CENTRAL AIR, REPLACEMENT  windows, UPGRADED ELECTRIC and HEAT, and SPRINKLERS. Lovely yard with IN GROUND POOL and MATURE plantings.  Great home and neighborhood!!!!
Unit Size
2,724 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$246
Property Type
House
Property Taxes
$629
HOA Dues
-
Year Built
1955

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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 #72085050)

Price History

Date / Event Date Event Price
Dec 29, 2016 Sold
Premium
Sold
Oct 24, 2016 Listed by Northrup Associates $669,900
Listed by Northrup Associates
Aug 1, 2005 Sold
Premium
Sold
May 15, 2005 Listed by Northrup Associates $619,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 3
  • Basement Area: 900
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 15,006
  • Total Building Area: 3,534
  • Gross Building Area: 3,930
  • Building Area: 3,534
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,534
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: 209100

Zoning

  • Zoning: RA

Geography

  • District: 164
  • Parcel: LYNF M:0041 B:0000 L:2048
  • Lot: 2048
  • Municipality: LYNNFIELD
  • Latitude: 42.5241
  • Longitude: -71.0281

    Address

  • Full Address: 5 Putney Ln
  • Address - House Number: 5
  • Address - Street Name: Putney
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2119
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $993,300

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,115,703
  • High Value: 1,291,933
  • Low Value: 939,473

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $945,100
  • Assessed Land Value: $542,500
  • Assessed Improvements Value: $402,600

    Sales

  • Current Sale Recording Date: Dec 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 441
  • Previous Sale Recording Date: Aug 01, 2005
  • Previous Sale Amount: $615,500
  • 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

54

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72085050

Frequently Asked Questions

When was property at 5 Putney Lane built and last sold?
The property at 5 Putney Lane was built in 1955 and last sold on Jan 1, 1970 for $657,000.
How much is this home worth?
The estimated value of the home located at 5 Putney Lane is $706,786.
What are some comparable homes to 5 Putney Lane?
There are currently no comparable homes to 5 Putney Lane.
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