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Lynn 01902
10 Michigan Ter
Photo of 10 Michigan Ter
Sold on Jun 24, 2005

1

Map

$293,000
● House - Off Market

10 Michigan Ter

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,092 Ft²
$527,834
RealtyHop Estimate
76.00%
Since Jul 1, 2005
MA-Boston
Primary Model

About This Property

Definitly NOT a drive-by!! 13' stone fireplace & newer Berber wall to wall in cathedral ceiling living room, new bath with jacuzzi, separate shower, and beautiful ceramic tile. Kitchen has breakfast nook with slide-out table. Basment has additional living area that includes a kitchen, bathroom with ceramic tile floor. There is also a 2 car electric eye garage.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$275
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #70168622)

Price History

Date / Event Date Event Price
Jun 24, 2005 Sold
Premium
Sold
Apr 5, 2005 Listed $299,900
Listed
Oct 22, 2002 Sold
Premium
Sold
Aug 24, 2002 Listed $249,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,092
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,910
  • Total Building Area: 1,092
  • Gross Building Area: 2,248
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRACE BAYSIDE CONDO
  • Land Acres: 0000000067
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • District: 163
  • Parcel: LYNN M:103 B:546 L:008
  • Block: 546
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.4688
  • Longitude: -70.9265

    Address

  • Full Address: 10 Michigan Ter
  • Address - House Number: 10
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1903
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $521,300

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 536,788
  • High Value: 639,256
  • Low Value: 434,320

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $495,100
  • Assessed Land Value: $181,400
  • Assessed Improvements Value: $313,700

    Sales

  • Current Sale Recording Date: Jun 24, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 22, 2002
  • Previous Sale Amount: $240,000
  • 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:

$594,986

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2481 ft²

Average Home Age

97.7 years

Currently For Sale

161 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: 5 months ago
Data Source: MLS PIN, MLS# 70168622

Frequently Asked Questions

When was property at 10 Michigan Terrace built and last sold?
The property at 10 Michigan Terrace was built in 1963 and last sold on Jan 1, 1970 for $293,000.
How much is this home worth?
The estimated value of the home located at 10 Michigan Terrace is $304,024.
What are some comparable homes to 10 Michigan Terrace?
There are currently no comparable homes to 10 Michigan Terrace.
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