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8 Taylor Terrace Lynnfield — Photo 1 of 10

8 Taylor Terrace Lynnfield — Photo 1 of 10

$1,500,000

Investment Analysis — 8 Taylor Terrace

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a home in 01940 carries an estimated $2,610/mo in gross rent — about a 1.12% cap rate and $16,768/yr in estimated NOI at the $1,500,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

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Residential

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A spectacular lot on 8 Taylor Terrace, one of the most prestigious neighborhoods in the charming and quaint, quintessentially New England Town of Lynnfield. Take advantage of this rare, premium lot for a once in a lifetime opportunity to design and create your own custom home on a beautiful piece of land that abuts the Reedy Meadow Golf Course. The lot is perc tested and approved for a 6-bedroom septic system. This property is walking distance to Summer Street School, the Library and the Town Center. It is also a 5-minute drive to MarketSreet, North Shore's award-winning premium open-air shopping destination which boasts over 90 shops and restaurants. The location provides quick and easy access to Route 95 and Boston yet maintains the highly sought rural feel and appeal of small-town living. A truly exceptional property on every possible level awaiting you to enable the creation of your "ultimate dream home"!PLEASE NOTE THAT 8 TAYLOR TERRACE IS LOCATED DIRECTLY TO THE LEFT OF AND WHEN FACING 10 TAYLOR TERRACE.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$1,500,000
Annual Taxes$7,035

Parking

Garage0
Off-Street0

Interior Specifications

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FireplacesNone
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BasementNone

Climate & Utilities

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WaterPublic, At Street
SewerPrivate Sewer, Perc Test On File

Building & Exterior

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ZoningRES

Property & Lot

Acres0.76
SqFt Lot33,171
Lot FeaturesLevel

Geography

Listing Provided By

Listing Agent: Tom Curran

Listing Office: Broad Street Boutique Realty LLC

MLS® Number: 73579956