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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Residential income homes
597 Broadway Lynnfield, MA 01940-1463
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-2517789
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1930
Construction
FRAME
Total area
2,855 SF
Lot
0.54 ac (23,422 SF)
Zoning code
RA
APN
LYNF M:0047 B:0000 L:2822
UPID
US38-2517789
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$755k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$745k
Owner & transaction history
Lords Of Lynnfield LLC · 2 yrs held
Lords Of Lynnfield LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
RA · Lynnfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynnfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$735,000
ML approach
$755,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $750k (Oct 5 2023)
Last sale anchor
$750k
Oct 5 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,071
Tax year 2024
Assessed value
$577,600
Assessed 2024
Previous assessed
$577,600
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$333,900
Assessed improvement
$243,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
2,855 SF
Lot
0.54 ac (23,422 SF)
Zoning code
RA
APN
LYNF M:0047 B:0000 L:2822
UPID
US38-2517789
Jurisdiction
LYNNFIELD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RA · Lynnfield, MA
Zoning RA · permitted uses
RA · Lynnfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynnfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
3
Lot
0.54 ac
Current owner
From public records · entity-resolved
Lords Of Lynnfield LLC
Entity
Mailing address
597 BROADWAY, LYNNFIELD, MA 01940-1463
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2023
—
Lords Of Lynnfield LLC
Matthew Palumbo
Correction Deed
related
$470,000 · Everett Cooperative Bank
Oct 5, 2023
—
Lords Of Lynnfield LLC
Matthew Palumbo
Quit Claim Deed
related
—
Oct 3, 2023
$750,000
Matthew Palumbo
James D Wersackas
Quit Claim Arm's Length For Ne States
—
Jul 24, 2013
—
James D Wersackas JR.
—
Deed Of Trust
related
$95,000 · Joseph Aluia
Feb 8, 2007
$1
James D Wersackas JR.
Ogden,harry E
Grant Deed
—
Feb 8, 2007
—
James D Wersackas JR.
—
Deed Of Trust
related
$33,000 · Ohio Savings Bank
Dec 16, 2005
$310,000
Harry E Ogden
Claire M Hinman
Deed
$232,500 · Saugus Federal Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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