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Lynnfield 01940
8 Thomas Road
$523,500
● House - Off Market

8 Thomas Road

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,063 Ft²
$845,682
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

Ideal commuter location. Get into Lynnfield now with this immaculate, updated 2-3 bedroom expanded ranch. Loads of updates with lots of vintage charm still in tact.  Gorgeous custom kitchen with granite, stainless, and under cabinet lighting.  Original hardwood floors throughout.  Large living room with a beautiful fireplace, bow window, and hardwood floors.  Large finished basement with separate office, and full bath with shower. So close to local highways and shopping, all on a 10,000 sf lot with a stonewall out back and a nice buffer of trees.
Unit Size
2,063 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$262
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72143881)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed by RE/MAX Main St. Associates $659,900
Listed by RE/MAX Main St. Associates
Jun 27, 2017 Sold
Premium
Sold
Apr 10, 2017 Listed by RE/MAX Main St. Associates $539,900
Listed by RE/MAX Main St. Associates
Dec 19, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,639
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,063
  • Gross Building Area: 2,813
  • Building Area: 2,063
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,063
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:0041 B:0000 L:1343
  • Lot: 1343
  • Municipality: LYNNFIELD
  • Latitude: 42.5258
  • Longitude: -71.0279

    Address

  • Full Address: 8 Thomas Rd
  • Address - House Number: 8
  • Address - Street Name: Thomas
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C004
  • 4-Digit Zip Code: 2008
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $813,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 942,173
  • High Value: 1,090,993
  • Low Value: 793,352

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $773,700
  • Assessed Land Value: $519,100
  • Assessed Improvements Value: $254,600

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 625073
  • Previous Sale Recording Date: Jun 27, 2017
  • Previous Sale Contract Date: Jun 23, 2017
  • Previous Sale Amount: $523,500
  • 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

3553 ft²

Average Home Age

49.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72143881

Frequently Asked Questions

When was property at 8 Thomas Road built and last sold?
The property at 8 Thomas Road was built in 1953 and last sold on May 14, 2021 for $701,000.
How much is this home worth?
The estimated value of the home located at 8 Thomas Road is $675,828.
What are some comparable homes to 8 Thomas Road?
There are currently no comparable homes to 8 Thomas Road.
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