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Lynnfield 01940
774 Summer Street
Photo of 774 Summer Street
Sold on Nov 30, 2011

1

Map

$418,000
● House - Off Market

774 Summer Street

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,832 Ft²
$905,076
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

Must see home!  Extremely spacious Ranch.Home has  great room w/vaulted ceiling and hardwood floor. Fireplace living room ,new granite kitchen, Master bedroom has new Master tiled bath, lower level has another full bath, bedroom, office and playroom. Central air, updated heat, electric & roof. Driveway on Rockwood.Move in condition!!!
Unit Size
2,832 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$148
Property Type
House
Property Taxes
$447
HOA Dues
-
Year Built
1952

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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: 6 months ago (MLSPIN #71302972)

Price History

Date / Event Date Event Price
Apr 9, 2021 Sold
Premium
Sold
Feb 18, 2021 Listed by Northrup Associates $649,900
Listed by Northrup Associates
Nov 30, 2011 Sold
Premium
Sold
Oct 19, 2011 Listed by Northrup Associates $419,900
Listed by Northrup Associates
Jun 15, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,920
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,816
  • Total Building Area: 2,832
  • Gross Building Area: 3,488
  • Building Area: 2,832
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,832
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD SEC B
  • Land Acres: 0000000248
  • 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:0042 B:0000 L:1623
  • Lot: 1623
  • Municipality: LYNNFIELD
  • Latitude: 42.5248
  • Longitude: -71.0216

    Address

  • Full Address: 774 Summer St
  • Address - House Number: 774
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2042
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $709,700

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 817,265
  • High Value: 944,175
  • Low Value: 690,354

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $675,300
  • Assessed Land Value: $426,800
  • Assessed Improvements Value: $248,500

    Sales

  • Current Sale Contract Date: Apr 09, 2021
  • Current Sale Recording Date: Apr 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210409003480
  • Previous Sale Recording Date: Nov 30, 2011
  • Previous Sale Amount: $418,000
  • 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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3561 ft²

Average Home Age

40.1 years

Currently For Sale

18 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: 6 months ago
Data Source: MLS PIN, MLS# 71302972

Frequently Asked Questions

When was property at 774 Summer Street built and last sold?
The property at 774 Summer Street was built in 1952 and last sold on Apr 9, 2021 for $667,500.
How much is this home worth?
The estimated value of the home located at 774 Summer Street is $682,945.
What are some comparable homes to 774 Summer Street?
There are currently no comparable homes to 774 Summer Street.
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