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Lynnfield 01940
55 Fairview Ave
$660,000
● House - Off Market

55 Fairview Ave

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,037 Ft²
$797,466
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Opportunity! Don't miss your chance to move into this charming 3 bedroom colonial with 2.5 baths, hardwood floors, formal dining room  and living room with fireplace. Master bedroom suite with walk-in closet and full bath. All bedrooms are large with lots of closet space. Lower level partially finished with office space, laundry and lots of storage. Enjoy relaxing and viewing the outdoors in this bright and sunny 4 seasons Florida room heated with gas and cooled with built-in air-conditioner. Wooded lot with attached 1 car garage. Excellent commuter location close to major highways. Showings by appointment start on Sat 12-2pm Sun 12-2. Offers due by Wed 12pm. Seller reserves the right to accept an offer prior to Wed. offer deadline.
Unit Size
2,037 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$299
Property Type
House
Property Taxes
$563
HOA Dues
-
Year Built
1948

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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 #72700856)

Price History

Date / Event Date Event Price
Sep 30, 2020 Sold
Premium
Sold
Jul 29, 2020 Listed by J. Barrett & Company $609,900
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 1,638
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,299
  • Total Building Area: 2,037
  • Gross Building Area: 3,675
  • Building Area: 2,037
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,037
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000305
  • 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:0124
  • Lot: 124
  • Municipality: LYNNFIELD
  • Latitude: 42.5162
  • Longitude: -70.998

    Address

  • Full Address: 55 Fairview Ave
  • Address - House Number: 55
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C015
  • 4-Digit Zip Code: 1505
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $766,300

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 866,317
  • High Value: 1,000,845
  • Low Value: 731,790

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $729,100
  • Assessed Land Value: $436,200
  • Assessed Improvements Value: $292,900

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200930004760
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

3588 ft²

Average Home Age

49.5 years

Currently For Sale

25 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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Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72700856

Frequently Asked Questions

When was property at 55 Fairview Avenue built and last sold?
The property at 55 Fairview Avenue was built in 1948 and last sold on Sep 25, 2020 for $660,000.
How much is this home worth?
The estimated value of the home located at 55 Fairview Avenue is $635,616.
What are some comparable homes to 55 Fairview Avenue?
There are currently no comparable homes to 55 Fairview Avenue.
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