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Lynnfield 01940
71 Phillips Road
$583,000
● House - Off Market

71 Phillips Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,115 Ft²
$1,044,588
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

A rare find in a very desirable Lynnfield neighborhood. Walk to town and walking trails or just relax in the large, private backyard which abuts conservation land. Every room in the home has been updated. This cape is deceptively large with 3 bedrooms up and 2 full baths. The kitchen is appointed with stainless and granite, hardwood floors grace the entire living area. The finished lower area has a large play room and office.  The grounds are meticulous and are ready for hours of outside fun.
Unit Size
2,115 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$260
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1941

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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 #71525834)

Price History

Date / Event Date Event Price
Jul 8, 2013 Sold
Premium
Sold
May 15, 2013 Listed by Classified Realty Group $549,000
Listed by Classified Realty Group
Aug 15, 2008 Sold
Premium
Sold
Jun 9, 2008 Listed by Classified Realty Group $484,900
Listed by Classified Realty Group
Dec 23, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 3,425
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,063
  • Total Building Area: 4,068
  • Gross Building Area: 7,025
  • Building Area: 4,068
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 18
  • Heated Square Feet: 4,068
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000506
  • 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:2337
  • Lot: 2337
  • Municipality: LYNNFIELD
  • Latitude: 42.5451
  • Longitude: -71.0475

    Address

  • Full Address: 71 Phillips Rd
  • Address - House Number: 71
  • Address - Street Name: Phillips
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1763
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,007,800

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,088,643
  • High Value: 1,274,610
  • Low Value: 902,675

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $958,900
  • Assessed Land Value: $544,000
  • Assessed Improvements Value: $414,900

    Sales

  • Current Sale Recording Date: Jul 08, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 15, 2008
  • Previous Sale Amount: $487,000
  • 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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3879 ft²

Average Home Age

42.2 years

Currently For Sale

19 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# 71525834

Frequently Asked Questions

When was property at 71 Phillips Road built and last sold?
The property at 71 Phillips Road was built in 1941 and last sold on Jan 1, 1970 for $583,000.
How much is this home worth?
The estimated value of the home located at 71 Phillips Road is $576,592.
What are some comparable homes to 71 Phillips Road?
There are currently no comparable homes to 71 Phillips Road.
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