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Lynnfield 01940
5 Stoneway
$940,000
● House - Off Market

5 Stoneway

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,913 Ft²
$966,633
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Picturesque Wills Built Center Entrance Colonial located on a quiet cul de sac in a much sought after neighborhood! This wonderful home boasts 4 bedrooms, 3 bathrooms, hardwood floors, 2 fireplaces, loads of closet space, central air, gas heat and a finished basement. Whether you are relaxing or working from home, there's plenty of space for everyone to spread out and enjoy themselves in this sun filled home.  Bring your design ideas, the possibilities are endless! Close proximity to all that Lynnfield has to offer; Glen Meadow playground, Huckleberry Hill elementary school, Market Street, and major routes.  PERTINENT DETAILS:  1985 addition over garage, 1994 roof, 2014 hot water tank, 2017 electrical panel, 2019 gutters, gutter helmet and fascia replaced, 2020 a/c and heating system.
Unit Size
3,913 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$230
Property Type
House
Property Taxes
$777
HOA Dues
-
Year Built
1963

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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 #73054321)

Price History

Date / Event Date Event Price
Dec 2, 2022 Sold
Premium
Sold
Nov 8, 2022 In contract -
In contract
Nov 2, 2022 Listed by William Raveis R.E. & Home Services $899,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 2,476
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,400
  • Total Building Area: 3,913
  • Gross Building Area: 5,057
  • Building Area: 3,913
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,913
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WESTKNOLL SEC 01
  • Land Acres: 0000000422
  • 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:0045 B:0000 L:1895
  • Lot: 1895
  • Municipality: LYNNFIELD
  • Latitude: 42.5183
  • Longitude: -71.0307

    Address

  • Full Address: 5 Stoneway
  • Address - House Number: 5
  • Address - Street Name: Stoneway
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2136
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $941,800

    Appraisal Valuation

  • Standard Deviation: 0.1636
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,075,960
  • High Value: 1,248,442
  • Low Value: 903,478

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $896,100
  • Assessed Land Value: $516,100
  • Assessed Improvements Value: $380,000

    Sales

  • Current Sale Contract Date: Dec 02, 2022
  • Current Sale Recording Date: Dec 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20221202003130

    Financing

  • First Mortgage Financing Type: ADJ
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

$406

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3895 ft²

Average Home Age

47.6 years

Currently For Sale

20 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 months ago
Data Source: MLS PIN, MLS# 73054321

Frequently Asked Questions

When was property at 5 Stoneway built and last sold?
The property at 5 Stoneway was built in 1963 and last sold on Dec 2, 2022 for $940,000.
How much is this home worth?
The estimated value of the home located at 5 Stoneway is $947,421.
What are some comparable homes to 5 Stoneway?
There are currently no comparable homes to 5 Stoneway.
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