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Lynn 01905
1 Pennybrook Rd
$635,000
● House - Off Market

1 Pennybrook Rd

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,727 Ft²
$594,672
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Here is the Home you have been looking for. This Home has the desirable open-concept kitchen,4 Bedrooms( One of the bedrooms is in the basement), 2 full bathrooms, Dinning room, a family room, and a Laundry area, This is the spacious home you have been searching for, and you will enjoy the private yard. This renovated home is located within proximity to highways, the airport, & The National Park Lynn Woods. With All new appliances,  a new water heater, central AC, and an electric energy efficient heat Pump. All showings will be at the open houses.
Unit Size
1,727 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$347
Property Type
House
Property Taxes
$192
HOA Dues
-
Year Built
1958

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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: 6 months ago (MLSPIN #73132524)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
Jul 19, 2023 In contract -
In contract
Jul 5, 2023 Listed by Return Realty Group, Inc. $599,000
Listed by Return Realty Group, Inc.
Oct 15, 2004 Sold
Premium
Sold
Aug 3, 2004 Listed by Return Realty Group, Inc. $289,000
Listed by Return Realty Group, Inc.
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 728
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,058
  • Total Building Area: 1,040
  • Gross Building Area: 2,336
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAST HILL
  • Land Acres: 0000000139
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:386 L:019
  • Block: 386
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.4732
  • Longitude: -70.9851

    Address

  • Full Address: 1 Pennybrook Rd
  • Address - House Number: 1
  • Address - Street Name: Pennybrook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1010
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $550,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1641
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 596,111
  • High Value: 693,977
  • Low Value: 498,245

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,800
  • Assessed Land Value: $205,100
  • Assessed Improvements Value: $317,700

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 646029
  • Previous Sale Recording Date: Oct 15, 2004
  • Previous Sale Amount: $283,000
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2433 ft²

Average Home Age

97.2 years

Currently For Sale

152 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73132524

Frequently Asked Questions

When was property at 1 Pennybrook Road built and last sold?
The property at 1 Pennybrook Road was built in 1958 and last sold on Aug 14, 2023 for $635,000.
How much is this home worth?
The estimated value of the home located at 1 Pennybrook Road is $604,897.
What are some comparable homes to 1 Pennybrook Road?
There are currently no comparable homes to 1 Pennybrook Road.
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