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Lynnfield 01940
50 Fairview Road
$509,900
● House - Off Market

50 Fairview Road

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,624 Ft²
$965,829
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Classic, sun lit Colonial in a heavily sought after story book neighborhood. Features 4 bedrms, extra large master w/custom built-ins, updated baths, comfortable eat-in-kitchen, formal dining rm w/built-in corner hutch, large-fireplaced living rm, bonus walk-up attic, lower level family rm w/fireplace & a 3 season rm w/entertaining access to a large deck. This home is situated on a manicured double corner lot that boasts an irrigation system, paver patio w/stone firepit & storage shed.
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$314
Property Type
House
Property Taxes
$657
HOA Dues
-
Year Built
1938

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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 #71522032)

Price History

Date / Event Date Event Price
Aug 1, 2013 Sold
Premium
Sold
May 8, 2013 Listed by Northrup Associates $509,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 7
  • Basement Area: 728
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,810
  • Total Building Area: 1,624
  • Gross Building Area: 3,788
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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:0053 B:0000 L:1679
  • Lot: 1679
  • Municipality: LYNNFIELD
  • Latitude: 42.5126
  • Longitude: -70.9966

    Address

  • Full Address: 50 Fairview Rd
  • Address - House Number: 50
  • Address - Street Name: Fairview
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1508
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $815,400

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 928,023
  • High Value: 1,071,498
  • Low Value: 784,547

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $775,800
  • Assessed Land Value: $508,900
  • Assessed Improvements Value: $266,900

    Sales

  • Current Sale Recording Date: Aug 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 545160
  • Previous Sale Recording Date: Aug 17, 2007
  • Previous Sale Document Type: 48
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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3748 ft²

Average Home Age

38.2 years

Currently For Sale

21 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: 6 months ago
Data Source: MLS PIN, MLS# 71522032

Frequently Asked Questions

When was property at 50 Fairview Road built and last sold?
The property at 50 Fairview Road was built in 1938 and last sold on Jan 1, 1970 for $509,900.
How much is this home worth?
The estimated value of the home located at 50 Fairview Road is $523,748.
What are some comparable homes to 50 Fairview Road?
There are currently no comparable homes to 50 Fairview Road.
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