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Lynnfield 01940
8 Timberhill Lane
$759,000
● House - Off Market

8 Timberhill Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,000 Ft²
$743,407
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to 8 Timberhill Lane in Lynnfield, Massachusetts. This one-of-a-kind post modern ranch was the pinnacle of architectural style in the 1960's and 1970's. All of this home's expansive living area is on one level, and includes four spacious bedrooms, a classic 60's conversation pit living room, floor to ceiling windows, many skylights, two large fireplaces, and a gorgeous sun porch overlooking the inground pool. A true time capsule, this property was custom built by a member of the current owner's family, and has never been owned by anyone else. Original 60's and 70's detail can be found in every room. Bring your favorite contractor along for the showing and plan out your own custom home.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$220
Property Type
House
Property Taxes
$927
HOA Dues
-
Year Built
1966

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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: 5 years ago (MLSPIN #72889015)

Price History

Date / Event Date Event Price
Jun 2, 2022 Sold
Premium
Sold
Mar 23, 2022 Listed by Compass $1,299,900
Listed by Compass
Nov 4, 2021 Sold
Premium
Sold
Sep 1, 2021 Listed by Compass $659,000
Listed by Compass

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 2,884
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 34,979
  • Total Building Area: 3,524
  • Gross Building Area: 4,722
  • Building Area: 3,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,524
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TIMBERHILL
  • Land Acres: 0000000803
  • 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: RB

Geography

  • District: 164
  • Parcel: LYNF M:0046 B:0000 L:1098
  • Lot: 1098
  • Municipality: LYNNFIELD
  • Latitude: 42.5194
  • Longitude: -71.0196

    Address

  • Full Address: 8 Timberhill Ln
  • Address - House Number: 8
  • Address - Street Name: Timberhill
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2236
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,191,700

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 785,238
  • High Value: 848,283
  • Low Value: 722,193

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,133,900
  • Assessed Land Value: $613,200
  • Assessed Improvements Value: $520,700

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220602002120
  • Previous Sale Recording Date: Nov 04, 2021
  • Previous Sale Contract Date: Nov 03, 2021
  • Previous Sale Amount: $759,000
  • 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:

$999,000

Sale Price/ft²

$403

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3719 ft²

Average Home Age

51.5 years

Currently For Sale

22 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: 5 years ago
Data Source: MLS PIN, MLS# 72889015

Frequently Asked Questions

When was property at 8 Timberhill Lane built and last sold?
The property at 8 Timberhill Lane was built in 1966 and last sold on Jun 2, 2022 for $1,195,000.
How much is this home worth?
The estimated value of the home located at 8 Timberhill Lane is $0.
What are some comparable homes to 8 Timberhill Lane?
There are currently no comparable homes to 8 Timberhill Lane.
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