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Lynnfield 01940
50 Locksley Rd.
$500,000
● House - Off Market

50 Locksley Rd.

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,517 Ft²
$1,112,413
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

Could this be your new home "must have" list: "lakefront in a nice neighborhood, living room with fireplace and a lake view, nice dining room (with a view), my bedroom on the first floor (with a view), 2 more bedrooms, at least 2 bathrooms, oak floors, laundry where i live (not in cellar!), home office (with a view) and a garage. Oh, should also have a new septic system. Room for expansion would be nice, too." OK. OK. As long as you don't mind doing the updating, here it is: 50 Locksley Rd.
Unit Size
1,517 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$362
Property Type
House
Property Taxes
$587
HOA Dues
-
Year Built
2013

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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 #71380212)

Price History

Date / Event Date Event Price
Jul 12, 2012 Sold
Premium
Sold
May 8, 2012 Listed by RE/MAX Advantage Real Estate $549,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 1
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • 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: 1,363
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,598
  • Total Building Area: 3,594
  • Gross Building Area: 5,897
  • Building Area: 3,594
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,594
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000404
  • 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:0047 B:0000 L:0889
  • Lot: 889
  • Municipality: LYNNFIELD
  • Latitude: 42.5194
  • Longitude: -71.0107

    Address

  • Full Address: 50 Locksley Rd
  • Address - House Number: 50
  • Address - Street Name: Locksley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1449
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,373,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,391,731
  • High Value: 1,611,561
  • Low Value: 1,171,901

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,306,900
  • Assessed Land Value: $678,600
  • Assessed Improvements Value: $628,300

    Sales

  • Current Sale Recording Date: Jul 12, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 532362
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# 71380212

Frequently Asked Questions

When was property at 50 Locksley Road built and last sold?
The property at 50 Locksley Road was built in 2013 and last sold on Jan 1, 1970 for $500,000.
How much is this home worth?
The estimated value of the home located at 50 Locksley Road is $557,890.
What are some comparable homes to 50 Locksley Road?
There are currently no comparable homes to 50 Locksley Road.
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