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Lynnfield 01940
61 Brook Drive
$421,000
● House - Off Market

61 Brook Drive

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,766 Ft²
$668,973
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Here it is, the Rare Opportunity to move into Lynnfield! This Ranch Style Home with Breezeway, Garage, yard and Driveway is now available for your renovation ideas! Nice grassy yard and garden area. The very spacious lower Level with 2nd Fireplace has great potential to be a nice family room. Great School System, close to New Market Street Shopping Center, 128 and Route 1. OPEN HOUSE 5/22/16 from 12-2. Any and all offers will be presented on Monday, 5/23 by 5PM. Please allow 48 hours for response from Attorney. Priced to sell. FIRST SHOWING AT OPEN HOUSE 5/22/16 ~ 12-2.
Unit Size
1,766 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$226
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72006272)

Price History

Date / Event Date Event Price
Jun 25, 2016 Sold
Premium
Sold
May 16, 2016 Listed by Century 21 North Shore $399,900
Listed by Century 21 North Shore

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,546
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,119
  • Total Building Area: 1,766
  • Gross Building Area: 2,805
  • Building Area: 1,766
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,766
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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:0052 B:0000 L:1626
  • Lot: 1626
  • Municipality: LYNNFIELD
  • Latitude: 42.5136
  • Longitude: -71.0088

    Address

  • Full Address: 61 Brook Dr
  • Address - House Number: 61
  • Address - Street Name: Brook
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C016
  • 4-Digit Zip Code: 2303
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $698,700

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 822,127
  • High Value: 961,208
  • Low Value: 683,046

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,800
  • Assessed Land Value: $492,900
  • Assessed Improvements Value: $171,900

    Sales

  • Current Sale Recording Date: Mar 24, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 265
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72006272

Frequently Asked Questions

When was property at 61 Brook Drive built and last sold?
The property at 61 Brook Drive was built in 1953 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 61 Brook Drive is $422,713.
What are some comparable homes to 61 Brook Drive?
There are currently no comparable homes to 61 Brook Drive.
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