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Lynnfield 01940
97 Locksley Road
$360,000
● House - Off Market

97 Locksley Road

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
4 Baths
square feet
3,800 Ft²
$1,164,037
RealtyHop Estimate
219.00%
Since Feb 1, 2000
MA-Boston
Primary Model

About This Property

LOVELY 2 LVL HOME IN LOVELY SHERWOOD FOREST. BOUGHT IN 93 & COMPLETELY RENOVATED IN 93-94. LAUNDRY SET UP ON BOTH 1ST & 2ND FLRS,ALL WINDOW TREATMENTS REMAIN.3WALL A/C UNITS,SEC ON 2ND FL,WIRED FOR SEC 1ST,5 ZONE, FHW BASEBD,OIL HEAT.
Unit Size
3,800 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$96
Property Type
House
Property Taxes
$275
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: 4 years ago (MLSPIN #30270937)

Price History

Date / Event Date Event Price
Nov 19, 2021 Sold
Premium
Sold
Aug 11, 2021 Listed by Northrup Associates $1,099,000
Listed by Northrup Associates
Jan 28, 2000 Sold
Premium
Sold
Oct 26, 1998 Listed by Northrup Associates $364,900
Listed by Northrup Associates
May 19, 1989 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 1,712
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,122
  • Total Building Area: 3,763
  • Gross Building Area: 6,647
  • Building Area: 3,763
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,763
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000324
  • 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:0043 B:0000 L:2272
  • Lot: 2272
  • Municipality: LYNNFIELD
  • Latitude: 42.5225
  • Longitude: -71.0114

    Address

  • Full Address: 97 Locksley Rd
  • Address - House Number: 97
  • Address - Street Name: Locksley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C012
  • 4-Digit Zip Code: 1413
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,125,700

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,214,079
  • High Value: 1,402,707
  • Low Value: 1,025,451

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,071,100
  • Assessed Land Value: $538,300
  • Assessed Improvements Value: $532,800

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 631367
  • Previous Sale Recording Date: Jan 28, 2000
  • Previous Sale Amount: $360,000
  • Previous Sale Document Type: 48
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

56

Average Home Size

3652 ft²

Average Home Age

49.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30270937

Frequently Asked Questions

When was property at 97 Locksley Road built and last sold?
The property at 97 Locksley Road was built in 1951 and last sold on Nov 19, 2021 for $1,020,000.
How much is this home worth?
The estimated value of the home located at 97 Locksley Road is $0.
What are some comparable homes to 97 Locksley Road?
There are currently no comparable homes to 97 Locksley Road.
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