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Lynnfield 01940
977 Main Street
$470,000
● House - Off Market

977 Main Street

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,308 Ft²
$893,175
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

Beautiful kitchen has cherry cabinets with Stainless steel appliances including granite counters and breakfast bar. Large first floor family room with Bow window and Franklin wood stove and living room fireplace with hardwood throughout. Three good sized bedrooms with large bath including separate shower and Jacuzzi. Newer windows, heat and septic.  Master bedroom incudes walk-in closet and seating area / office.  Built in barbecue on patio, only steps away from kitchen. Basement laundry with fireplace in lower level for possible expansion. 1 car garage under with additional rough cut driveway.
Unit Size
2,308 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$212
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1949

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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 #71650258)

Price History

Date / Event Date Event Price
Sep 30, 2014 Sold
Premium
Sold
Mar 26, 2014 Listed by Northrup Associates $489,900
Listed by Northrup Associates
Jan 23, 2009 Sold
Premium
Sold
Nov 24, 2008 Listed by Northrup Associates $424,900
Listed by Northrup Associates
Apr 7, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • 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: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,118
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,748
  • Total Building Area: 2,308
  • Gross Building Area: 3,550
  • Building Area: 2,308
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,308
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARTHUR H AUSTIN ET UX
  • Land Acres: 0000000591
  • 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: 209200

Zoning

  • Zoning: RA

Geography

  • District: 164
  • Parcel: LYNF M:0016 B:0000 L:2778
  • Lot: 2778
  • Municipality: LYNNFIELD
  • Latitude: 42.5497
  • Longitude: -71.0411

    Address

  • Full Address: 977 Main St
  • Address - House Number: 977
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C006
  • 4-Digit Zip Code: 1173
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $859,200

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 871,281
  • High Value: 1,020,061
  • Low Value: 722,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $817,500
  • Assessed Land Value: $516,900
  • Assessed Improvements Value: $300,600

    Sales

  • Current Sale Recording Date: Sep 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93000685
  • Previous Sale Recording Date: Jan 23, 2009
  • Previous Sale Amount: $412,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

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# 71650258

Frequently Asked Questions

When was property at 977 Main Street built and last sold?
The property at 977 Main Street was built in 1949 and last sold on Jan 1, 1970 for $470,000.
How much is this home worth?
The estimated value of the home located at 977 Main Street is $521,074.
What are some comparable homes to 977 Main Street?
There are currently no comparable homes to 977 Main Street.
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