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Lynn 01902
10 Herbert Pl
$305,000
● House - Off Market

10 Herbert Pl

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,242 Ft²
$427,446
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Move-In Ready!! Great Family Home! 6 Rooms, 3 Bedrooms, 1 Full Bath Colonial. Large Eat-In Kitchen, Formal Dining Room and Good Size Living Room For Entertaining. Gleaming Hardwood Floors On First Floor and New Carpets on the Second Floor. All Bedrooms Recently Painted.  Off-Street Parking and Private Fenced Yard. Quiet Side Street Steps To Kipp Academy, Restaurants, Shopping and Transportation. Great Value!
Unit Size
1,242 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$241
Property Type
House
Property Taxes
$286
HOA Dues
-
Year Built
1915

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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 #72487253)

Price History

Date / Event Date Event Price
Jul 22, 2019 Sold
Premium
Sold
Apr 24, 2019 Listed by Toner Real Estate, LLC $299,900
Listed by Toner Real Estate, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 683
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,602
  • Total Building Area: 1,242
  • Gross Building Area: 2,278
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000083
  • 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: 206200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:069 B:666 L:033
  • Block: 666
  • Lot: 33
  • Municipality: LYNN
  • Latitude: 42.4695
  • Longitude: -70.9492

    Address

  • Full Address: 10 Herbert Pl
  • Address - House Number: 10
  • Address - Street Name: Herbert
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C054
  • 4-Digit Zip Code: 3810
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $462,100

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 467,562
  • High Value: 556,121
  • Low Value: 379,002

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,800
  • Assessed Land Value: $173,200
  • Assessed Improvements Value: $265,600

    Sales

  • Current Sale Contract Date: Jul 22, 2019
  • Current Sale Recording Date: Jul 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190722003350
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:

$597,950

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 years

Currently For Sale

163 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# 72487253

Frequently Asked Questions

When was property at 10 Herbert Place built and last sold?
The property at 10 Herbert Place was built in 1915 and last sold on Jul 22, 2019 for $305,000.
How much is this home worth?
The estimated value of the home located at 10 Herbert Place is $312,685.
What are some comparable homes to 10 Herbert Place?
There are currently no comparable homes to 10 Herbert Place.
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