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Lynnfield 01940
8 Willard Lane
$395,000
● House - Off Market

8 Willard Lane

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,500 Ft²
$1,748,127
RealtyHop Estimate
316.32%
Since Jun 1, 1997
MA-Boston
Primary Model

About This Property

SPARKLING 8 ROOM COLONIAL, NEW GOURMET KITCHEN! OPEN FLOOR PLAN, HW FLRS, C/A, WELL, UG SPRINKLERS, IG POOL ,MANY UPDATES, LIKE NEW, PROF LANDSCAPING, POSITIVELY BEAUTIFUL!
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$168
Property Type
House
Property Taxes
$293
HOA Dues
-
Year Built
1975

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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 years ago (MLSPIN #30142402)

Price History

Date / Event Date Event Price
May 1, 1997 Sold
Premium
Sold
Jan 13, 1997 Listed $419,900
Listed

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,693
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 17,838
  • Total Building Area: 2,512
  • Gross Building Area: 3,782
  • Building Area: 2,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,512
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILLARD LANE & CARTER ROAD
  • Land Acres: 0000000410
  • 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: RA

Geography

  • District: 164
  • Parcel: LYNF M:0024 B:0000 L:1555
  • Lot: 1555
  • Municipality: LYNNFIELD
  • Latitude: 42.5408
  • Longitude: -71.0496

    Address

  • Full Address: 8 Willard Ln
  • Address - House Number: 8
  • Address - Street Name: Willard
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C005
  • 4-Digit Zip Code: 1735
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,091,700

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 1,175,543
  • High Value: 1,355,569
  • Low Value: 995,518

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,038,700
  • Assessed Land Value: $543,100
  • Assessed Improvements Value: $495,600

    Sales

  • Current Sale Recording Date: May 01, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30142402

Frequently Asked Questions

When was property at 8 Willard Lane built and last sold?
The property at 8 Willard Lane was built in 1975 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 8 Willard Lane is $0.
What are some comparable homes to 8 Willard Lane?
There are currently no comparable homes to 8 Willard Lane.
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