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Lynnfield 01940
8 Laurel Road
$601,000
● House - Off Market

8 Laurel Road

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,456 Ft²
$811,734
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Come home to this PRISTINE OPEN FLOOR PLAN RANCH ON BEAUTIFUL LEVEL LOT. GORGEOUS BACKYARD OASIS...Sought after neighborhood rare and hard to find! WHITE GRANITE eat-in KITCHEN opens to Fireplace Living Room and Dining Area.  Brand NEW REMODELED MASTER BEDROOM with CUSTOM CLOSETS.  EXQUISITE WHITE QUARTZ COUNTERTOP WITH MARBLE TILED BATHROOM with new decor of today.  NEW HEATING SYSTEM, Insulated Window and doors. Newer Composite Deck with Techo-bloc Patio ideal for summer parties and entertaining....NEWER ROOF, Irrigation system to maintain gorgeous architectural design yard.  TURN KEY, MOVE-IN CONDITION PROPERTY in the desirable town of LYNNFIELD- Easy access to all major Routes.  Approximately 1 mile to Whole Foods..Fine Dining & shopping- WELCOME HOME!
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$391
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1945

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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 #72562889)

Price History

Date / Event Date Event Price
Nov 15, 2019 Sold
Premium
Sold
Sep 11, 2019 Listed by William Raveis R.E. & Home Services $569,900
Listed by William Raveis R.E. & Home Services
Jun 21, 2012 Sold
Premium
Sold
Apr 19, 2012 Listed by William Raveis R.E. & Home Services $389,900
Listed by William Raveis R.E. & Home Services
Dec 27, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 7
  • Basement Area: 1,411
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,061
  • Total Building Area: 1,456
  • Gross Building Area: 3,471
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000323
  • 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:0053 B:0000 L:1573
  • Lot: 1573
  • Municipality: LYNNFIELD
  • Latitude: 42.5129
  • Longitude: -70.9983

    Address

  • Full Address: 8 Laurel Rd
  • Address - House Number: 8
  • Address - Street Name: Laurel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1512
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $704,700

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 821,069
  • High Value: 948,009
  • Low Value: 694,129

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $670,500
  • Assessed Land Value: $439,100
  • Assessed Improvements Value: $231,400

    Sales

  • Current Sale Contract Date: Nov 07, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 607381
  • Previous Sale Recording Date: Jun 21, 2012
  • Previous Sale Amount: $376,000
  • 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:

$999,500

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3644 ft²

Average Home Age

48.9 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72562889

Frequently Asked Questions

When was property at 8 Laurel Road built and last sold?
The property at 8 Laurel Road was built in 1945 and last sold on Nov 7, 2019 for $601,000.
How much is this home worth?
The estimated value of the home located at 8 Laurel Road is $574,078.
What are some comparable homes to 8 Laurel Road?
There are currently no comparable homes to 8 Laurel Road.
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