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Lynn 01904
1 Cobb Lane
$487,000
● House - Off Market

1 Cobb Lane

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,707 Ft²
$671,964
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Elegant Colonial in a prime location. Do not miss this opportunity! Located seconds to 128, 95 and Rt1. This charming and spacious home is situated on a wrap around corner lot in the desirable Ward 1. Your first impression when stepping inside will inspire. Dream no more of a grand wide hardwood entry stairway complete with custom closets. A gorgeous hearth is the center focal in the living room that draws you right around to the separate formal dining room, complete with wainscoting and more built ins. The craftsman kitchen is thoughtfully updated with stainless and granite. Extras: Bonus basement room with brick fireplace, screened in side porch, a vinyl fenced in yard and 2 car bay garage. Showings will be at open houses only.  Offers due Monday 5pm.
Unit Size
1,707 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$264
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1937

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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 #72411218)

Price History

Date / Event Date Event Price
Dec 10, 2018 Sold
Premium
Sold
Oct 16, 2018 Listed by RE/MAX 360 $449,900
Listed by RE/MAX 360
Jul 1, 2009 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 867
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 2,107
  • Gross Building Area: 4,402
  • Building Area: 2,107
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,107
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:065 B:041 L:003
  • Block: 41
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.5102
  • Longitude: -70.9883

    Address

  • Full Address: 1 Cobb Ln
  • Address - House Number: 1
  • Address - Street Name: Cobb
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1107
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $729,700

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 751,834
  • High Value: 882,369
  • Low Value: 621,299

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $693,000
  • Assessed Land Value: $199,400
  • Assessed Improvements Value: $493,600

    Sales

  • Current Sale Contract Date: Nov 28, 2018
  • Current Sale Recording Date: Dec 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 598124
  • Previous Sale Recording Date: Jul 01, 2009
  • Previous Sale Amount: $200,000
  • 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 Lynn

Stats & Trends

Median Asking:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 72411218

Frequently Asked Questions

When was property at 1 Cobb Lane built and last sold?
The property at 1 Cobb Lane was built in 1937 and last sold on Nov 28, 2018 for $487,000.
How much is this home worth?
The estimated value of the home located at 1 Cobb Lane is $464,704.
What are some comparable homes to 1 Cobb Lane?
There are currently no comparable homes to 1 Cobb Lane.
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