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Lynnfield 01940
75 Prospect Ave
$851,000
● House - Off Market

75 Prospect Ave

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,180 Ft²
$801,679
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

The wait is over! This move in ready 3 bed, 2 full bath Pottery Barn Colonial allows you to entertain with ease in the sun-filled, open concept living room/dining room, surrounded by rustic beams, recessed lighting, hardwood floors and bay window. The eat in kitchen, features white cabinets, granite counter tops, hardwood floors, breakfast nook and gas cooking! Head up stairs to find 3 oversized bedrooms, bathroom with double sinks, tiled shower and floor! The garage has plenty of extra storage and an added bonus with the recently renovated home office which is a great feature for anyone with a hybrid work schedule or fully work remote!  Quiet, friendly, walkable neighborhood that has launch access to Pillings Pond, so easily enjoy boating, kayaking and much more just outside your front door!
Unit Size
2,180 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$367
Property Type
House
Property Taxes
$628
HOA Dues
-
Year Built
1925

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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 #73091656)

Price History

Date / Event Date Event Price
Jun 15, 2023 Sold
Premium
Sold
Apr 1, 2023 In contract -
In contract
Mar 27, 2023 Listed by Truss Realty Advisors, LLC $799,000
Listed by Truss Realty Advisors, LLC
Nov 12, 2020 Sold
Premium
Sold
Sep 10, 2020 Listed by Truss Realty Advisors, LLC $625,000
Listed by Truss Realty Advisors, LLC
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 600
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,790
  • Gross Building Area: 2,500
  • Building Area: 1,790
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,790
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEFIELD PARK
  • Land Acres: 0000000115
  • 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:0965
  • Lot: 965
  • Municipality: LYNNFIELD
  • Latitude: 42.5311
  • Longitude: -71.0342

    Address

  • Full Address: 75 Prospect Ave
  • Address - House Number: 75
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C002
  • 4-Digit Zip Code: 1909
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $754,600

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 869,779
  • High Value: 1,004,844
  • Low Value: 734,714

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $718,000
  • Assessed Land Value: $404,700
  • Assessed Improvements Value: $313,300

    Sales

  • Current Sale Contract Date: Jun 15, 2023
  • Current Sale Recording Date: Jun 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230615002930
  • Previous Sale Recording Date: Nov 12, 2020
  • Previous Sale Contract Date: Nov 10, 2020
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3553 ft²

Average Home Age

49.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73091656

Frequently Asked Questions

When was property at 75 Prospect Avenue built and last sold?
The property at 75 Prospect Avenue was built in 1925 and last sold on Jun 15, 2023 for $851,000.
How much is this home worth?
The estimated value of the home located at 75 Prospect Avenue is $807,851.
What are some comparable homes to 75 Prospect Avenue?
There are currently no comparable homes to 75 Prospect Avenue.
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