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Lynnfield 01940
8 Westover Drive
$586,000
● House - Off Market

8 Westover Drive

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,665 Ft²
$1,333,808
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

BANK APPROVED SHORT SALE Great center location .  Nice lot with in-ground pool.    Cape style home has 4 bedrooms, 3.5 baths, 1st fl. FP fam. rm, year round sunroom, hot tub room off sunroom.    Home is in need of some repairs and updates.   House to be sold in "AS IS" condition.   Property has failed Title V.   An engineering plan for an approved  4 bedroom septic system will be in place, at no cost, to the buyer.     Buyer will be responsible for installation and cost of new septic syste
Unit Size
3,665 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$166
Property Type
House
Property Taxes
$789
HOA Dues
-
Year Built
1975

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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 #71288472)

Price History

Date / Event Date Event Price
Jan 18, 2012 Sold
Premium
Sold
Sep 16, 2011 Listed by Northrup Associates $609,348
Listed by Northrup Associates
Dec 15, 1998 Sold
Premium
Sold

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,764
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 30,122
  • Total Building Area: 3,765
  • Gross Building Area: 5,456
  • Building Area: 3,765
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,765
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000692
  • 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:0029 B:0000 L:1344
  • Lot: 1344
  • Municipality: LYNNFIELD
  • Latitude: 42.5366
  • Longitude: -71.0411

    Address

  • Full Address: 8 Westover Dr
  • Address - House Number: 8
  • Address - Street Name: Westover
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1835
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,173,700

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,258,947
  • High Value: 1,474,006
  • Low Value: 1,043,887

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,116,700
  • Assessed Land Value: $691,200
  • Assessed Improvements Value: $425,500

    Sales

  • Current Sale Recording Date: Jan 18, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 526996
  • Previous Sale Recording Date: Dec 15, 1998
  • Previous Sale Amount: $420,000
  • 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:

$999,000

Sale Price/ft²

$404

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3895 ft²

Average Home Age

47.6 years

Currently For Sale

20 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71288472

Frequently Asked Questions

When was property at 8 Westover Drive built and last sold?
The property at 8 Westover Drive was built in 1975 and last sold on Jan 1, 1970 for $586,000.
How much is this home worth?
The estimated value of the home located at 8 Westover Drive is $658,473.
What are some comparable homes to 8 Westover Drive?
There are currently no comparable homes to 8 Westover Drive.
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