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Lynnfield 01940
8 Lovell Road
$541,050
● House - Off Market

8 Lovell Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,516 Ft²
$879,840
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

**NO SHOWINGS UNTIL SUNDAY OH 12 - 2PM****CUSTOM BUILT CAPE SITUATED ON A HALF ACRE LOT IN A VERY DESIRABLE NEIGHBORHOOD OF HIGHER PRICED HOMES!!    FANTASTIC EXPANDED FAMILY ROOM WITH FRENCH DOORS TO DECK OVERLOOKING A WONDERFUL LEVEL YARD.  HARDWOOD FLOORS THROUGHOUT.  THIS LOVELY HOME HAS A WALK UP ATTIC JUST WAITING FOR YOU TO ADD A BATHROOM AND EXTRA BEDROOMS.  LOCATED WITHIN WALKING DISTANCE TO THE HIGH SCHOOL AND CENTER IN AN AWESOME NEIGHBORHOOD.  PLENTLY OF CLOSET SPACE AND A FULL BASEMENT WITH 2 CAR GARAGE.  SEPTIC INSTALLED IN 2007 - SUMMER STREET SCHOOL DISTRICT.
Unit Size
1,516 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$330
Property Type
House
Property Taxes
$526
HOA Dues
-
Year Built
1955

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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 #71923881)

Price History

Date / Event Date Event Price
Jan 22, 2016 Sold
Premium
Sold
Oct 24, 2015 Listed by RE/MAX Leading Edge $499,900
Listed by RE/MAX Leading Edge

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2010
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,516
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,501
  • Total Building Area: 2,958
  • Gross Building Area: 4,730
  • Building Area: 2,958
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,958
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000494
  • 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: 209200

Zoning

  • Zoning: RB

Geography

  • District: 164
  • Parcel: LYNF M:0029 B:0000 L:0796
  • Lot: 796
  • Municipality: LYNNFIELD
  • Latitude: 42.5378
  • Longitude: -71.0381

    Address

  • Full Address: 8 Lovell Rd
  • Address - House Number: 8
  • Address - Street Name: Lovell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1818
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $968,700

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 885,074
  • High Value: 1,036,209
  • Low Value: 733,939

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $921,700
  • Assessed Land Value: $572,600
  • Assessed Improvements Value: $349,100

    Sales

  • Current Sale Recording Date: Jan 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 568936
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# 71923881

Frequently Asked Questions

When was property at 8 Lovell Road built and last sold?
The property at 8 Lovell Road was built in 1955 and last sold on Jan 1, 1970 for $541,050.
How much is this home worth?
The estimated value of the home located at 8 Lovell Road is $518,886.
What are some comparable homes to 8 Lovell Road?
There are currently no comparable homes to 8 Lovell Road.
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