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Lynnfield 01940
6 Spearfields Lane
$550,000
● House - Off Market

6 Spearfields Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,002 Ft²
$2,186,014
RealtyHop Estimate
267.40%
Since Nov 1, 1998
MA-Boston
Primary Model

About This Property

PRIDE OF OWNERSHIP SHOWS THROUGHT IN THIS YOUNG CONTEMPORARY WITH 20X20 CATHEDRAL CEILING OAK CABINET KITCHEN, 1ST FLOOR MASTER BR, MASTER BATH WITH JACUZZI. FOYER OPEN TO SECOND FLOOR. PROFESSIONALLY MANICURED GROUNDS.
Unit Size
3,002 Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$198
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1988

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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 years ago (MLSPIN #30231491)

Price History

Date / Event Date Event Price
Jan 16, 2015 Sold
Premium
Sold
Jun 28, 2007 Sold
Premium
Sold
Aug 12, 2006 Listed $824,900
Listed
Oct 2, 1998 Sold
Premium
Sold
Jun 10, 1998 Listed $595,000
Listed

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 7
  • Basement Area: 1,288
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,371
  • Total Building Area: 3,660
  • Gross Building Area: 5,875
  • Building Area: 3,660
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,660
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNFIELD
  • Land Acres: 0000000812
  • 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:0028 B:0000 L:2251
  • Lot: 2251
  • Municipality: LYNNFIELD
  • Latitude: 42.5341
  • Longitude: -71.0628

    Address

  • Full Address: 6 Spearfield Ln
  • Address - House Number: 6
  • Address - Street Name: Spearfield
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 2553
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,359,700

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,255,014
  • High Value: 1,469,401
  • Low Value: 1,040,626

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,293,700
  • Assessed Land Value: $692,300
  • Assessed Improvements Value: $601,400

    Sales

  • Current Sale Recording Date: Jan 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11600203
  • Previous Sale Recording Date: Jun 28, 2007
  • Previous Sale Amount: $787,500
  • 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:

$999,000

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

54

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

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

$3,630 /mo

  • 2 Beds
  • 2 Baths
  • 1,238 ft²
200 Quannapowitt Parkway #B5, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30231491

Frequently Asked Questions

When was property at 6 Spearfields Lane built and last sold?
The property at 6 Spearfields Lane was built in 1988 and last sold on Jan 1, 1970 for $830,000.
How much is this home worth?
The estimated value of the home located at 6 Spearfields Lane is $0.
What are some comparable homes to 6 Spearfields Lane?
There are currently no comparable homes to 6 Spearfields Lane.
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