NOT LISTED FOR SALE

55 Ledge Rd Lynnfield, MA 01940

Estimated Value: $1,026,000 - $1,225,000

1.84 Acres
$595,981 Price per Acre
80,150 Sq Ft Lot

Last Sold January 08, 2016

Last sale price $275,000 $118 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $6,524/month

4 Days on Market

Highlights

  • 1.84 Acre Lot
  • Wooded Lot
  • Private Streets
  • Lynnfield Middle School Rated A

About This Lot

As of January 2016

New construction opportunity! This 1.8 acre lot has an existing 3BR Ranch Style house (1727 sq. ft.) on it which can be removed, replaced or renovated. House is currently winterized and the existing septic will be abandoned with the ability for the Buyer to hook up to Lynn Water & Sewer nearby. The access for the driveway will be limited to Canterbury Road Extension only. All permits, approvals, etc. are the Buyer's responsibility. Property to be sold as-is.

Last Agent to Sell the Property

Bernie Starr

Berkshire Hathaway HomeServices Commonwealth Real Estate Listed on: 12/04/2015

Berkshire Hathaway HomeServices Commonwealth Real Estate

Last Buyer's Agent

Giancarlo Tiberi

Core Property Group, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,685

Lot Details

  • 1.84 Acre Lot
  • Property fronts a private road
  • Private Streets
  • Wooded Lot
  • Property is zoned RB

Utilities

  • Electricity To Lot Line
  • Water Source Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 1984061

Property Details

Property Type

Land

Est. Annual Taxes

$6,685

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: C69100
  • MAIN SO: AC1676

Exterior Features

  • Road Frontage Type: Private Road
  • Waterfront YN: No

Utilities

  • Sewer: Nearby
  • Gas: Nearby
  • Electric: On-Site
  • Electricity On Property: Yes
  • Water Source: Nearby

Lot Info

  • Parcel Number: 1984061
  • Zoning: RB
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Wooded
  • Lot Size Acres: 1.84
  • Lot Size Sq Ft: 80150.4
  • Lot Size Units: Acres
  • LOT SIZE: 80290

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6685

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 4, 2018
Sold by
Cote Timothy P and Cote Jessica L
Bought by
Tenaglia Nichoas A and Tenaglia Kristin D
Current Estimated Value
$1,096,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$482,814
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$613,791

Purchase Details

Closed on
Dec 16, 2016
Sold by
Lri Lynnfield Llc
Bought by
Cote Timothy P and Cote Jessica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2015
Closed on
Jan 8, 2016
Sold by
55 Ledge Road Llc
Bought by
Lri Lynnfield Llc
Seller's Agent
Bernie Starr
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Giancarlo Tiberi
Core Property Group, LLC
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.77%

Purchase Details

Closed on
Mar 25, 2008
Sold by
Macchia June D and Macchia Vincent J
Bought by
55 Ledge Road Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tenaglia Nichoas A $625,000 --
Tenaglia Nichoas A $625,000 --
Cote Timothy P $549,000 --
Lri Lynnfield Llc $275,000 --
55 Ledge Road Llc $1,100,000 --
55 Ledge Road Llc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tenaglia Nichoas A $562,500
Closed Tenaglia Nichoas A $562,500
Previous Owner Cote Timothy P $509,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2016 01/08/16 Sold $275,000 0.0% $118 / Sq Ft
12/09/2015 12/09/15 Pending -- -- --
12/03/2015 12/03/15 For Sale $275,000 -- $118 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,148 $961,000 $507,300 $453,700
2024 $9,205 $875,800 $461,100 $414,700
2023 $9,289 $822,000 $438,000 $384,000
2022 $9,000 $750,600 $420,200 $330,400
2021 $8,725 $657,500 $338,500 $319,000
2020 $8,559 $614,900 $295,800 $319,100
2019 $7,909 $568,600 $311,600 $257,000
2018 $7,644 $555,500 $311,600 $243,900
2017 $7,620 $553,000 $292,900 $260,100
2016 $6,827 $470,800 $281,600 $189,200
2015 $6,686 $461,400 $281,600 $179,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71938471

MLS Property Information Network (MLS PIN)

APN: LYNF-000056-000000-000627