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Lynnfield 01940
82 Oakridge Terrace
$620,000
● House - Off Market

82 Oakridge Terrace

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,430 Ft²
$1,047,897
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Picturesque Colonial on Lynnfield's Pillings Pond offers waterfront lifestyle all year round.  Only 20 minutes to Boston, Lynnfield offers top school system and now Market Street shopping and dining. Three  plus bedrooms, 1.5 baths and TODAYS OPEN FLOOR PLAN.  Spacious deck off the cathedral ceiling family room open to the family sized fire-placed dining room. Spacious Master Bedroom with walk-in closet with lovely tranquil views of the pond.  Cherry cabinet kitchen with granite counters and island,  gas stove and plenty of storage. FAMILY ROOM opens to entertainment size deck which leads you to your private dock for your boat, kayak or canoe.  Patio area with Pergola for outdoor entertaining.  Storage Shed and GAS HEAT.
Unit Size
2,430 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$259
Property Type
House
Property Taxes
$580
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #72003601)

Price History

Date / Event Date Event Price
Aug 10, 2016 Sold
Premium
Sold
May 11, 2016 Listed by Northrup Associates $629,000
Listed by Northrup Associates

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,520
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,011
  • Total Building Area: 2,430
  • Gross Building Area: 4,523
  • Building Area: 2,430
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,430
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: RC

Geography

  • District: 164
  • Parcel: LYNF M:0035 B:0000 L:1381
  • Lot: 1381
  • Municipality: LYNNFIELD
  • Latitude: 42.5308
  • Longitude: -71.0277

    Address

  • Full Address: 82 Oak Ridge Ter
  • Address - House Number: 82
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1314
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $932,200

    Appraisal Valuation

  • Standard Deviation: 0.209
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 972,883
  • High Value: 1,175,799
  • Low Value: 769,967

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $887,000
  • Assessed Land Value: $581,300
  • Assessed Improvements Value: $305,700

    Sales

  • Current Sale Recording Date: Aug 10, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 517
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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3523 ft²

Average Home Age

41.7 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72003601

Frequently Asked Questions

When was property at 82 Oakridge Terrace built and last sold?
The property at 82 Oakridge Terrace was built in 1920 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 82 Oakridge Terrace is $660,598.
What are some comparable homes to 82 Oakridge Terrace?
There are currently no comparable homes to 82 Oakridge Terrace.
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