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Lynnfield 01940
8 Locksley
$775,000
● House - Off Market

8 Locksley

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,500 Ft²
$934,550
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Want to live on one of the most popular streets in town, here's your chance, welcome to 8 LOCKSLEY ROAD!  Pride of ownership best describes this well maintained property. Converted in 2001 from a ranch to a Colonial this home is MOVE IN READY! The kitchen boasts, GAS cooking, plenty of cabinetry, maple floors, and sliders to the deck, that overlooks the private backyard. A bright and sunny dining room opens to a fire-placed living room with hardwood floors and picture window. A coveted SUNNY home office and COZY den round out the first floor. Head upstairs and you'll find 3 GENEROUS sized bedrooms with PLENTY of closet space and a beautiful bathroom with tile and granite. The walkout basement with loads of natural light, recessed lighting and a full bath, awaits your personal touches.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$207
Property Type
House
Property Taxes
$675
HOA Dues
-
Year Built
1951

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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 #72709669)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Aug 13, 2020 Listed by William Raveis R.E. & Home Services $724,900
Listed by William Raveis R.E. & Home Services
Jan 5, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • 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: 5
  • 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: 1,135
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,678
  • Total Building Area: 2,412
  • Gross Building Area: 4,232
  • Building Area: 2,412
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,412
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000268
  • 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:0047 B:0000 L:2451
  • Lot: 2451
  • Municipality: LYNNFIELD
  • Latitude: 42.5174
  • Longitude: -71.0073

    Address

  • Full Address: 8 Locksley Rd
  • Address - House Number: 8
  • Address - Street Name: Locksley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1412
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $909,200

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 972,972
  • High Value: 1,138,581
  • Low Value: 807,364

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $865,100
  • Assessed Land Value: $526,900
  • Assessed Improvements Value: $338,200

    Sales

  • Current Sale Contract Date: Sep 16, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 616986
  • Previous Sale Recording Date: Jan 05, 1993
  • Previous Sale Amount: $175,500
  • Previous Sale Document Type: 43
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:

$999,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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: 4 months ago
Data Source: MLS PIN, MLS# 72709669

Frequently Asked Questions

When was property at 8 Locksley Road built and last sold?
The property at 8 Locksley Road was built in 1951 and last sold on Sep 16, 2020 for $775,000.
How much is this home worth?
The estimated value of the home located at 8 Locksley Road is $780,452.
What are some comparable homes to 8 Locksley Road?
There are currently no comparable homes to 8 Locksley Road.
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