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Lynnfield 01940
51 Perry Avenue
Photo of 51 Perry Avenue
Sold on Jun 6, 2008

1

Map

$379,000
● House - Off Market

51 Perry Avenue

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,519 Ft²
$746,413
RealtyHop Estimate
96.94%
Since Jul 1, 2008
MA-Boston
Primary Model

About This Property

SELLER IS LOOKING FOR BACK-UP OFFERS FOR THIS COMPETITIVELY PRICED CAPE CONVENIENTLY LOCATED WITHIN WALKING DISTANCE TO LYNNFIELD CENTER AS WELL AS SCHOOLS.  THIS THREE BEDROOM HOME HAS HARDWOOD FLOORS THROUGHOUT, THREE SEASON SUNROOM, BUILT-INS GALORE, ONE CAR ATTACHED GARAGE, AS WELL AS PRIVATE WELL FOR OUTSIDE WATERING. TITLE V APPROVED.  EXISTING AGREEMENT..."LEAD PAINT ISSUE" EASY TO SHOW.
Unit Size
1,519 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$250
Property Type
House
Property Taxes
$364
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: 5 months ago (MLSPIN #70730021)

Price History

Date / Event Date Event Price
Jun 6, 2008 Sold
Premium
Sold
Mar 20, 2008 Listed $379,000
Listed

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: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 895
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,084
  • Total Building Area: 1,519
  • Gross Building Area: 3,042
  • Building Area: 1,519
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,519
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNFIELD
  • Land Acres: 0000000438
  • 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: 209200

Zoning

  • Zoning: RA

Geography

  • District: 164
  • Parcel: LYNF M:0028 B:0000 L:2028
  • Lot: 2028
  • Municipality: LYNNFIELD
  • Latitude: 42.5356
  • Longitude: -71.0534

    Address

  • Full Address: 51 Perry Ave
  • Address - House Number: 51
  • Address - Street Name: Perry
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1840
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $784,600

    Appraisal Valuation

  • Standard Deviation: 0.2048
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 868,601
  • High Value: 1,005,800
  • Low Value: 731,401

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $746,500
  • Assessed Land Value: $543,300
  • Assessed Improvements Value: $203,200

    Sales

  • Current Sale Recording Date: Jun 06, 2008
  • Current Sale Price:
    Premium
  • Current 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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3525 ft²

Average Home Age

50.2 years

Currently For Sale

26 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70730021

Frequently Asked Questions

When was property at 51 Perry Avenue built and last sold?
The property at 51 Perry Avenue was built in 1938 and last sold on Jan 1, 1970 for $379,000.
How much is this home worth?
The estimated value of the home located at 51 Perry Avenue is $400,194.
What are some comparable homes to 51 Perry Avenue?
There are currently no comparable homes to 51 Perry Avenue.
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