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Lynnfield 01940
55 Edward Avenue
$535,000
● House - Off Market

55 Edward Avenue

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,892 Ft²
$1,034,900
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

OPEN HOUSE SUNDAY 4/28/13 11AM TO 1PM Located in a very desirable neighborhood you feel the warmth upon entering this updated spacious cape. Gorgeous updated kitchen, 4 bedrooms, 2 full baths.  Fireplace Living Room,; Dining Room/5th bedroom if you choose.Crown molding. Warm and cozy Sun Room.  Spectacular back yard with composite deck flooring with fir and pressure treated railings.  Private back yard surrounded with the beauty of nature.  This property has too many updates to list.
Unit Size
1,892 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$285
Property Type
House
Property Taxes
$482
HOA Dues
-
Year Built
1949

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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 #71512642)

Price History

Date / Event Date Event Price
Jun 14, 2013 Sold
Premium
Sold
Apr 22, 2013 Listed by Wilson Wolfe Real Estate $539,900
Listed by Wilson Wolfe Real Estate
Oct 20, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 3
  • Basement Area: 1,100
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,099
  • Total Building Area: 2,932
  • Gross Building Area: 3,364
  • Building Area: 2,932
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,932
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0032 B:0000 L:2011
  • Lot: 2011
  • Municipality: LYNNFIELD
  • Latitude: 42.5305
  • Longitude: -71.0673

    Address

  • Full Address: 55 Edward Ave
  • Address - House Number: 55
  • Address - Street Name: Edward
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2539
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $873,700

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 996,277
  • High Value: 1,166,466
  • Low Value: 826,088

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $831,300
  • Assessed Land Value: $524,200
  • Assessed Improvements Value: $307,100

    Sales

  • Current Sale Recording Date: Jun 14, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Oct 20, 2000
  • Previous Sale Amount: $378,900
  • 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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3879 ft²

Average Home Age

42.2 years

Currently For Sale

19 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$4,425 /mo

  • 3 Beds
  • 2 Baths
  • 1,336 ft²
200 Quannapowitt Parkway #C1P, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71512642

Frequently Asked Questions

When was property at 55 Edward Avenue built and last sold?
The property at 55 Edward Avenue was built in 1949 and last sold on Jan 1, 1970 for $535,000.
How much is this home worth?
The estimated value of the home located at 55 Edward Avenue is $557,858.
What are some comparable homes to 55 Edward Avenue?
There are currently no comparable homes to 55 Edward Avenue.
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