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Lynnfield 01940
7 Wirthmore Lane
$610,000
● House - Off Market

7 Wirthmore Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,604 Ft²
$933,646
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Accepted offer - OH Cancelled - WARM & WELCOMING Mid-Century Chic THREE BEDROOM HOME in sought after SUMMER STREET school district.   GREAT HOME FOR FRIENDS & FAMILY GATHERINGS, HOLIDAYS, or SUMMER BBQ'S all in MOVE-IN CONDITION!.   The first-floor OPEN CONCEPT has a  remodeled eat-in kitchen, STAINLESS APPLIANCES, GRANITE COUNTER, DOUBLE WALL OVEN, LIGHT CABINETRY & sliders to HUGE DECK overlooking EXPANSIVE PRIVATE BACKYARD.  This GREAT HOME has BRIGHT and LIGHT living space with thoughtful detail, TWO UPDATED FULL BATHS,  hardwood floors and a Double Sided Stone Fireplace.  TOP LOCATION is minutes to LYNNFIELD'S MARKET STREET offering EXCEPTIONAL SHOPPING and DINING experience.  Easy Access to all major highways and only 15 minutes to Boston.  A MUST SEE!
Unit Size
1,604 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$390
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1956

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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 #72281596)

Price History

Date / Event Date Event Price
Dec 23, 2021 Sold
Premium
Sold
Apr 19, 2018 Sold
Premium
Sold
Feb 14, 2018 Listed by LAER Realty Partners $624,900
Listed by LAER Realty Partners
Nov 13, 2006 Sold
Premium
Sold
Aug 11, 2006 Listed by LAER Realty Partners $424,000
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 7
  • Basement Area: 1,128
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,501
  • Total Building Area: 1,457
  • Gross Building Area: 2,875
  • Building Area: 1,457
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,457
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000379
  • 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:0028 B:0000 L:1987
  • Lot: 1987
  • Municipality: LYNNFIELD
  • Latitude: 42.5347
  • Longitude: -71.0553

    Address

  • Full Address: 7 Wirthmore Ln
  • Address - House Number: 7
  • Address - Street Name: Wirthmore
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C001
  • 4-Digit Zip Code: 1849
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $863,400

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 905,271
  • High Value: 1,059,356
  • Low Value: 751,186

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $821,500
  • Assessed Land Value: $542,700
  • Assessed Improvements Value: $278,800

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Dec 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211223002240
  • Previous Sale Recording Date: Apr 19, 2018
  • Previous Sale Amount: $610,000
  • Previous Sale Document Type: O
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

$406

Below Asking

0.02%

Average Days on Market

55

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

$2,740 /mo

  • Studio
  • 1 Bath
  • 725 ft²
200 Quannapowitt Parkway #S4, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72281596

Frequently Asked Questions

When was property at 7 Wirthmore Lane built and last sold?
The property at 7 Wirthmore Lane was built in 1956 and last sold on Dec 23, 2021 for $810,000.
How much is this home worth?
The estimated value of the home located at 7 Wirthmore Lane is $628,130.
What are some comparable homes to 7 Wirthmore Lane?
There are currently no comparable homes to 7 Wirthmore Lane.
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