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Lynn 01904
1 Flax Pond Rd
$305,000
● House - Off Market

1 Flax Pond Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,488 Ft²
$482,299
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Spacious Colonial, with many gracious period details, including attractive fireplace with built-in bookcases, hardwood floors, beautiful natural woodwork, and coffered  ceilings. Large formal dining room. Updates include new roof (Nov. 2015), newer heat, updated electric, and energy efficient triple-pane windows with transferable lifetime warranty!  Warm, inviting eat-in country kitchen. Walk-up attic, one car garage, good for a smaller car or for storage. Steps away from Flax Pond!  Data is for general information purposes only and may contain estimates and inaccuracies. Buyer/Buyer Agent to perform own due diligence.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$195
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1930

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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 #72038209)

Price History

Date / Event Date Event Price
Aug 31, 2016 Sold
Premium
Sold
Jul 12, 2016 Listed by Team Steve & Donna Real Estate $289,500
Listed by Team Steve & Donna Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 696
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,001
  • Total Building Area: 1,488
  • Gross Building Area: 2,976
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:086 B:171 L:007
  • Block: 171
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4805
  • Longitude: -70.9495

    Address

  • Full Address: 1 Flax Pond Rd
  • Address - House Number: 1
  • Address - Street Name: Flax Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C025
  • 4-Digit Zip Code: 2618
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $519,700
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1824
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 553,531
  • High Value: 654,521
  • Low Value: 452,541

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,500
  • Assessed Land Value: $184,000
  • Assessed Improvements Value: $309,500

    Sales

  • Current Sale Contract Date: Aug 30, 2016
  • Current Sale Recording Date: Aug 31, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 574845
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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 years

Currently For Sale

156 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72038209

Frequently Asked Questions

When was property at 1 Flax Pond Road built and last sold?
The property at 1 Flax Pond Road was built in 1930 and last sold on Aug 30, 2016 for $305,000.
How much is this home worth?
The estimated value of the home located at 1 Flax Pond Road is $308,243.
What are some comparable homes to 1 Flax Pond Road?
There are currently no comparable homes to 1 Flax Pond Road.
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