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Lynn 01904
10 Mary Ellen Drive
$635,000
● House - Off Market

10 Mary Ellen Drive

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,240 Ft²
$685,802
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Come take a look at this beautiful home that has been lived in and loved by the same family for 32 years. First floor living/dining space is open and light filled. Fabulous kitchen with vaulted ceiling, skylights and large windows brings the outdoors in. Both dining room and family room have sliders to back deck, perfect for family fun and entertaining.  Second level offers a main bedroom suite and bath as well as two other bedrooms and a full bath.  Basement offers a craft room, two bonus rooms as well as a full bath and laundry hook up.  This property is perfect for the growing family, with a fantastic fenced in large, level lot. Some updates include new vinyl siding, done in 2019 and wall along right side of driveway 2022. Seller makes no representations or warranties. Property being sold as is.
Unit Size
2,240 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$290
Property Type
House
Property Taxes
$650
HOA Dues
-
Year Built
1989

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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 #73024146)

Price History

Date / Event Date Event Price
Sep 29, 2022 Sold
Premium
Sold
Aug 11, 2022 Listed by Century 21 North East $649,900
Listed by Century 21 North East
Jan 25, 1990 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,120
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,984
  • Total Building Area: 2,240
  • Gross Building Area: 4,400
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000252
  • 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:061 B:019 L:128
  • Block: 19
  • Lot: 128
  • Municipality: LYNN
  • Latitude: 42.4978
  • Longitude: -70.9806

    Address

  • Full Address: 10 Mary Ellen Dr
  • Address - House Number: 10
  • Address - Street Name: Mary Ellen
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1440
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $818,600

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 795,504
  • High Value: 933,621
  • Low Value: 657,387

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $777,400
  • Assessed Land Value: $220,100
  • Assessed Improvements Value: $557,300

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220929002800
  • Previous Sale Recording Date: Mar 05, 2015
  • Previous Sale Document Type: 27
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73024146

Frequently Asked Questions

When was property at 10 Mary Ellen Drive built and last sold?
The property at 10 Mary Ellen Drive was built in 1989 and last sold on Sep 29, 2022 for $635,000.
How much is this home worth?
The estimated value of the home located at 10 Mary Ellen Drive is $666,186.
What are some comparable homes to 10 Mary Ellen Drive?
There are currently no comparable homes to 10 Mary Ellen Drive.
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