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Lynnfield 01940
70 Prospect Avenue
$625,000
● House - Off Market

70 Prospect Avenue

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,243 Ft²
$894,658
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Move in ready Pottery Barn chic 3 BEDROOM 2 FULL BATH Split Entry on side street with hardwood flooring. Eat in Kitchen with maple cabinets, stainless appliances, corian & granite counters with breakfast bar steps out to a large deck overlooking a private fenced in yard. The lower level features a large family room, Laundry room and playroom with a walkout to the yard. The list of updates includes: AC, FURNACE, ROOF, Windows, Interior and Exterior Paint, Deck, lower level hand scraped tile flooring, bath and MORE. EVERYTHING IS DONE FOR YOU! Just unpack and enjoy for the Holidays!  DO NOT MISS your opportunity to own this turn key property in Lynnfield, Steps from PILLINGS POND! Easy access or major highways, Lynnfields top rated schools, and Market Street!
Unit Size
2,243 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$267
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1966

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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: 5 months ago (MLSPIN #72421895)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
Jun 17, 2021 Listed by William Raveis R.E. & Home Services $729,900
Listed by William Raveis R.E. & Home Services
Dec 14, 2018 Sold
Premium
Sold
Nov 8, 2018 Listed by William Raveis R.E. & Home Services $599,000
Listed by William Raveis R.E. & Home Services
Mar 12, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,089
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,189
  • Gross Building Area: 2,611
  • Building Area: 2,189
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,189
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNFIELD
  • Land Acres: 0000000230
  • 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:0035 B:0000 L:0953
  • Lot: 953
  • Municipality: LYNNFIELD
  • Latitude: 42.5312
  • Longitude: -71.0347

    Address

  • Full Address: 70 Prospect Ave
  • Address - House Number: 70
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1910
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $767,300

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 921,344
  • High Value: 1,078,733
  • Low Value: 763,956

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $730,100
  • Assessed Land Value: $423,700
  • Assessed Improvements Value: $306,400

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210723000970
  • Previous Sale Recording Date: Dec 14, 2018
  • Previous Sale Contract Date: Dec 14, 2018
  • Previous Sale Amount: $625,000
  • 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

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3621 ft²

Average Home Age

50 years

Currently For Sale

27 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: 5 months ago
Data Source: MLS PIN, MLS# 72421895

Frequently Asked Questions

When was property at 70 Prospect Avenue built and last sold?
The property at 70 Prospect Avenue was built in 1966 and last sold on Jul 16, 2021 for $800,000.
How much is this home worth?
The estimated value of the home located at 70 Prospect Avenue is $739,687.
What are some comparable homes to 70 Prospect Avenue?
There are currently no comparable homes to 70 Prospect Avenue.
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