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Lynnfield 01940
794 Summer St
$560,000
● House - Off Market

794 Summer St

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,920 Ft²
$833,497
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

This extraordinary 3-Bedroom 2-Bath 2-Car Garage home mirrors the charms of Lynnfield. Enjoy pond views from the master bedroom and oversized screened-in gazebo.  Spread out in the large sunny family room with stairway to extra playroom/office over garage.  Plenty of character, ample closet space, hardwood floors, two fireplaces, first floor washer-dryer, irrigation system, updated heating-AC and electrical systems, and a large wooded lot with a detailed-custom shed/playhouse are only a few of the extras featured in this Full Dormered Cape. Also appreciate supplementary parking and convenient double-driveway access to both a country road and a quiet neighborhood.  Not just a drive by! Come and be enchanted by a true Lynnfield gem today!
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$299
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1950

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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: 6 months ago (MLSPIN #72431884)

Price History

Date / Event Date Event Price
Mar 25, 2019 Sold
Premium
Sold
Dec 11, 2018 Listed by RE/MAX On The River, Inc. $575,000
Listed by RE/MAX On The River, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 816
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,637
  • Total Building Area: 2,156
  • Gross Building Area: 3,952
  • Building Area: 2,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,156
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEWOOD SEC B
  • Land Acres: 0000000451
  • 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:1718
  • Lot: 1718
  • Municipality: LYNNFIELD
  • Latitude: 42.5243
  • Longitude: -71.021

    Address

  • Full Address: 794 Summer St
  • Address - House Number: 794
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2041
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $778,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 889,248
  • High Value: 1,029,708
  • Low Value: 748,787

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $740,200
  • Assessed Land Value: $443,700
  • Assessed Improvements Value: $296,500

    Sales

  • Current Sale Contract Date: Mar 22, 2019
  • Current Sale Recording Date: Mar 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190325003390
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

3523 ft²

Average Home Age

41.7 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72431884

Frequently Asked Questions

When was property at 794 Summer Street built and last sold?
The property at 794 Summer Street was built in 1950 and last sold on Mar 22, 2019 for $548,000.
How much is this home worth?
The estimated value of the home located at 794 Summer Street is $595,683.
What are some comparable homes to 794 Summer Street?
There are currently no comparable homes to 794 Summer Street.
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