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Lynnfield 01940
68 Phillips Road
$476,500
● House - Off Market

68 Phillips Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,787 Ft²
$885,502
RealtyHop Estimate
82.58%
Since May 1, 2014
MA-Boston
Primary Model

About This Property

Here's a Picture Perfect Cape that's sure to please.  Centrally located, this custom built 3 bedroom cape is situated on a large beautifully landscaped lot within closed proximity to schools, downtown shops and common.  The inviting floor plan leads you along the fireplace living room and formal dining room as you enter into the spacious updated kitchen and adjoining family room. Looking to relax outside?  Step out on to the private screened porch, the ideal spot to kick back and enjoy the scenic views and privacy that envelops the large rear yard and adjoining conservation land. Attached garage, central air and sprinkler system add even more value to this lovely home.  Come see it today!
Unit Size
1,787 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$271
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1947

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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 months ago (MLSPIN #71632934)

Price History

Date / Event Date Event Price
Apr 30, 2014 Sold
Premium
Sold
Feb 12, 2014 Listed by Century 21 Commonwealth $485,000
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,135
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,624
  • Total Building Area: 1,906
  • Gross Building Area: 3,089
  • Building Area: 1,906
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,906
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000451
  • 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:0020 B:0000 L:2342
  • Lot: 2342
  • Municipality: LYNNFIELD
  • Latitude: 42.5451
  • Longitude: -71.0481

    Address

  • Full Address: 68 Phillips Rd
  • Address - House Number: 68
  • Address - Street Name: Phillips
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1728
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $837,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 883,117
  • High Value: 1,033,431
  • Low Value: 732,803

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $796,800
  • Assessed Land Value: $543,500
  • Assessed Improvements Value: $253,300

    Sales

  • Current Sale Recording Date: Apr 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 43000633
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

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71632934

Frequently Asked Questions

When was property at 68 Phillips Road built and last sold?
The property at 68 Phillips Road was built in 1947 and last sold on Jan 1, 1970 for $476,500.
How much is this home worth?
The estimated value of the home located at 68 Phillips Road is $506,440.
What are some comparable homes to 68 Phillips Road?
There are currently no comparable homes to 68 Phillips Road.
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