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Lynnfield 01940
7 Reedy Rd
$1,028,000
● House - Off Market

7 Reedy Rd

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
5,152 Ft²
$1,481,146
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Picturesque New England Colonial built in 2010.  Amazing location, close to Market Street and I-95!!!  This house shows like new construction.  4 BR/4.5 bath with bonus great room above garage. Formal dining room, chef's kitchen and large Living room which walks out onto beautiful deck and manicured back yard.  First floor laundry room, two true master bedrooms and a finished basement with bar and bonus bedroom are just a few of the features this home boasts.  Ample storage throughout and minutes from area amenities.  Open house Saturday May 5th 12-130pm and Sunday May 6th 12-130pm.  Offers, if any, Due by Monday May 7th at 3pm.
Unit Size
5,152 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$194
Property Type
House
Property Taxes
$894
HOA Dues
-
Year Built
2010

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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: 5 months ago (MLSPIN #72316643)

Price History

Date / Event Date Event Price
Jun 29, 2018 Sold
Premium
Sold
Apr 27, 2018 Listed by Elevated Realty, LLC $999,999
Listed by Elevated Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 1,596
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,206
  • Total Building Area: 4,513
  • Gross Building Area: 6,174
  • Building Area: 4,513
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,513
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN MDW PARK SEC 02
  • Land Acres: 0000000395
  • 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:0041 B:0000 L:1756
  • Lot: 1756
  • Municipality: LYNNFIELD
  • Latitude: 42.5242
  • Longitude: -71.0328

    Address

  • Full Address: 7 Reedy Rd
  • Address - House Number: 7
  • Address - Street Name: Reedy
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 2121
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,397,300

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,521,742
  • High Value: 1,758,171
  • Low Value: 1,285,313

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,329,500
  • Assessed Land Value: $542,900
  • Assessed Improvements Value: $786,600

    Sales

  • Current Sale Recording Date: Jun 29, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180629001570
  • Previous Sale Recording Date: Mar 29, 2013
  • 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:

$999,995

Sale Price/ft²

$400

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3523 ft²

Average Home Age

48.4 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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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72316643

Frequently Asked Questions

When was property at 7 Reedy Road built and last sold?
The property at 7 Reedy Road was built in 2010 and last sold on Jan 1, 1970 for $1,028,000.
How much is this home worth?
The estimated value of the home located at 7 Reedy Road is $1,069,482.
What are some comparable homes to 7 Reedy Road?
There are currently no comparable homes to 7 Reedy Road.
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