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Lynnfield 01940
8 Rossmore Road
$301,000
● House - Off Market

8 Rossmore Road

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,455 Ft²
$622,612
RealtyHop Estimate
107.61%
Since Jul 1, 2003
MA-Boston
Primary Model

About This Property

WONDERFUL OPPORTUNITY TO BE IN LYNNFIELD. REPLACEMENT WINDOWS, HARDWOOD FLOORS, WALK-UP ATTAIC, GREAT EXPANDIBILITY, EAT-IN KITCHEN, 1 1/2 BATHS, FIREPLACED LIVING ROOM, SHOWINGS START OPEN HOUSE 1/19/03
Unit Size
1,455 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$206
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1963

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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 #30681354)

Price History

Date / Event Date Event Price
Jun 17, 2003 Sold
Premium
Sold
Jan 13, 2003 Listed by Coldwell Banker Residential Brokerage - Lynnfield $299,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,080
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,998
  • Total Building Area: 1,347
  • Gross Building Area: 2,223
  • Building Area: 1,347
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,347
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • 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:1693
  • Lot: 1693
  • Municipality: LYNNFIELD
  • Latitude: 42.5128
  • Longitude: -70.9951

    Address

  • Full Address: 8 Rossmore Rd
  • Address - House Number: 8
  • Address - Street Name: Rossmore
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C011
  • 4-Digit Zip Code: 1526
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $688,700

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 622,948
  • High Value: 759,952
  • Low Value: 485,945

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $655,300
  • Assessed Land Value: $500,500
  • Assessed Improvements Value: $154,800

    Sales

  • Current Sale Recording Date: Jun 17, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 76104
  • Previous Sale Recording Date: Jun 17, 2003
  • Previous Sale Amount: $301,000
  • Previous Sale Document Type: 48
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

$403

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3879 ft²

Average Home Age

42.2 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

Currently no nearby rentals
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 30681354

Frequently Asked Questions

When was property at 8 Rossmore Road built and last sold?
The property at 8 Rossmore Road was built in 1963 and last sold on Jan 1, 1970 for $301,000.
How much is this home worth?
The estimated value of the home located at 8 Rossmore Road is $320,861.
What are some comparable homes to 8 Rossmore Road?
There are currently no comparable homes to 8 Rossmore Road.
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