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Lynnfield 01940
9 Lantern Lane
$400,000
● House - Off Market

9 Lantern Lane

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
2,562 Ft²
$1,818,355
RealtyHop Estimate
333.04%
Since Feb 1, 1997
MA-Boston
Primary Model

About This Property

WILLS BUILT 9+ BRICK FRONT COLONIAL, ACRE LOT, TOP AREA, CUL-DE-SAC LACATION, 24X14 FLA RM, OPEN FOYER, STUDY, 1ST FLR FR, HW FLRS, C/A, C/V, UG SPRINKLERS & SECURITY. FEB 1ST 1997 OCCUPANCY, ALL APPOINTMENTS 24 HOUR NOTICE!!
Unit Size
2,562 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$164
Property Type
House
Property Taxes
$482
HOA Dues
-
Year Built
1978

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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 years ago (MLSPIN #30127441)

Price History

Date / Event Date Event Price
Aug 26, 2013 Sold
Premium
Sold
Jan 31, 1997 Sold
Premium
Sold
Sep 16, 1996 Listed $419,900
Listed

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 2,503
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,276
  • Total Building Area: 5,244
  • Gross Building Area: 6,308
  • Building Area: 5,244
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 5,244
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000925
  • 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:0031 B:0000 L:2446
  • Lot: 2446
  • Municipality: LYNNFIELD
  • Latitude: 42.5338
  • Longitude: -71.0204

    Address

  • Full Address: 9 Lantern Ln
  • Address - House Number: 9
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C010
  • 4-Digit Zip Code: 1307
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,361,600

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,531,630
  • High Value: 1,769,595
  • Low Value: 1,293,665

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,295,500
  • Assessed Land Value: $658,700
  • Assessed Improvements Value: $636,800

    Sales

  • Current Sale Recording Date: Aug 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 102
  • Previous Sale Recording Date: Jan 31, 1997
  • Previous Sale Amount: $400,000
  • 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:

$1,024,500

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# 30127441

Frequently Asked Questions

When was property at 9 Lantern Lane built and last sold?
The property at 9 Lantern Lane was built in 1978 and last sold on Jan 1, 1970 for $875,000.
How much is this home worth?
The estimated value of the home located at 9 Lantern Lane is $0.
What are some comparable homes to 9 Lantern Lane?
There are currently no comparable homes to 9 Lantern Lane.
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