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Lynnfield 01940
852 Summer Street
$514,500
● House - Off Market

852 Summer Street

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,152 Ft²
$799,228
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

PRIDE in ownership! Classic New England Cape that's been tastefully renovated throughout the years.  First floor features updated kitchen with cherry cabinets, granite countertops, breakfast bar, travertine back splash and stainless steel appliances, formal dining room with custom built-in hutch, spacious living room, full bath and first floor Master bedroom. The second floor offers two nice size bedrooms with built-ins, large storage nooks and updated full bath. Hardwood floors throughout. Level corner lot. New Windows (2016), Sprinkler System (2016), Central Air (2015), Picket Fence (2014), Garage Door (2014), Second Floor Full Bath (2014) property was converted to Gas Heat in 2013. Nothing to do but move right in! Come enjoy all that Lynnfield has to offer!
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$469
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1951

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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 #72364660)

Price History

Date / Event Date Event Price
Aug 30, 2018 Sold
Premium
Sold
Jul 18, 2018 Listed by Northrup Associates $539,900
Listed by Northrup Associates
Nov 5, 2009 Sold
Premium
Sold
Sep 8, 2009 Listed by Northrup Associates $329,900
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 768
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,863
  • Total Building Area: 1,152
  • Gross Building Area: 2,656
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • 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: RA

Geography

  • District: 164
  • Parcel: LYNF M:0042 B:0000 L:2465
  • Lot: 2465
  • Municipality: LYNNFIELD
  • Latitude: 42.5229
  • Longitude: -71.0195

    Address

  • Full Address: 852 Summer St
  • Address - House Number: 852
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 2062
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $647,500

    Appraisal Valuation

  • Standard Deviation: 0.1557
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 758,818
  • High Value: 876,819
  • Low Value: 640,816

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $616,100
  • Assessed Land Value: $415,600
  • Assessed Improvements Value: $200,500

    Sales

  • Current Sale Recording Date: Aug 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180830003490
  • Previous Sale Recording Date: Nov 05, 2009
  • Previous Sale Amount: $300,000
  • 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:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3561 ft²

Average Home Age

40.1 years

Currently For Sale

18 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# 72364660

Frequently Asked Questions

When was property at 852 Summer Street built and last sold?
The property at 852 Summer Street was built in 1951 and last sold on Jan 1, 1970 for $514,500.
How much is this home worth?
The estimated value of the home located at 852 Summer Street is $534,706.
What are some comparable homes to 852 Summer Street?
There are currently no comparable homes to 852 Summer Street.
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