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Lynnfield 01940
80 Bourque Road
$535,000
● House - Off Market

80 Bourque Road

Lynnfield, MA 01940
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,172 Ft²
$710,622
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

EXPAND OR BUILD YOUR DREAM HOME IN LYNNFIELD ~ OVER 37,000 SQUARE FEET OF LAND ON PRIVATE, LEVEL LOT ~ SUPER LOCATION  ON GREAT SIDE STREET  ~ CLOSE TO MAJOR ROUTES AND MARKET STREET OUTDOOR MALL. LOWER LEVEL IS HUGE, WITH MULTIPLE ROOMS, PARTIALLY ABOVE GRADE WITH LOTS OF WINDOWS BRINGING IN NATURAL LIGHT. GAS HEAT, 2 CAR GARAGE, LOTS OF POSSIBILITIES!!  ....BUYER RESPONSIBLE FOR SEPTIC AND ANY DUE DILIGENCE TO THE TOWN. PROPERTY IS BEING SOLD "AS IS". LOTS OF OPEN HOUSES. SEE BALLOON ICON FOR TIMES/DATES.
Unit Size
1,172 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$426
Property Type
House
Property Taxes
$600
HOA Dues
-
Year Built
2020

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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 months ago (MLSPIN #72552740)

Price History

Date / Event Date Event Price
Oct 18, 2019 Sold
Premium
Sold
Aug 21, 2019 Listed by William Raveis R.E. & Home Services $499,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 2,230
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 37,971
  • Total Building Area: 2,649
  • Gross Building Area: 3,012
  • Building Area: 2,649
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,649
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000872
  • 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:0030 B:0000 L:2623
  • Lot: 2623
  • Municipality: LYNNFIELD
  • Latitude: 42.5343
  • Longitude: -71.0289

    Address

  • Full Address: 80 Bourque Rd
  • Address - House Number: 80
  • Address - Street Name: Bourque
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1304
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,304,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,261,111
  • High Value: 1,460,309
  • Low Value: 1,061,913

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,241,100
  • Assessed Land Value: $613,900
  • Assessed Improvements Value: $627,200

    Sales

  • Current Sale Contract Date: Oct 16, 2019
  • Current Sale Recording Date: Oct 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20191018003520
  • Previous Sale Recording Date: Jan 11, 2016
  • Previous 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:

$999,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

54

Average Home Size

3633 ft²

Average Home Age

50.6 years

Currently For Sale

24 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72552740

Frequently Asked Questions

When was property at 80 Bourque Road built and last sold?
The property at 80 Bourque Road was built in 2020 and last sold on Oct 16, 2019 for $535,000.
How much is this home worth?
The estimated value of the home located at 80 Bourque Road is $508,091.
What are some comparable homes to 80 Bourque Road?
There are currently no comparable homes to 80 Bourque Road.
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