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Lynn 01904
10 Porter Avenue
$395,000
● House - Off Market

10 Porter Avenue

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,519 Ft²
$606,365
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Charming 3 bedroom bungalow with a first floor bedroom on a dead end street near Flax Pond. Remodels include entire second floor and kitchen. This home has been meticulously cared for by the current owner for 35 years. Newer systems. Gas heat. Screened in front porch allows you to extend your first floor entertaining area. Kitchen has great light, granite counters, white cabinets and subway tile back splash. Wood burning stove creates added ambiance. Storage shed. The private yard has been professionally landscaped and includes irrigation system and fish pond. The street leads down to the pond, great for fishing, kayaking and boating.
Unit Size
1,519 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$270
Property Type
House
Property Taxes
$334
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: 5 months ago (MLSPIN #72390190)

Price History

Date / Event Date Event Price
Oct 30, 2018 Sold
Premium
Sold
Sep 6, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $409,900
Listed by Coldwell Banker Residential Brokerage - Marblehead

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,886
  • Total Building Area: 1,519
  • Gross Building Area: 3,081
  • Building Area: 1,519
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,519
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000089
  • 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: R1

Geography

  • Parcel: LYNN M:087 B:121 L:007
  • Block: 121
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4855
  • Longitude: -70.9548

    Address

  • Full Address: 10 Porter Ave
  • Address - House Number: 10
  • Address - Street Name: Porter
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 1952
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 564,769
  • High Value: 661,695
  • Low Value: 467,843

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,600
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $309,000

    Sales

  • Current Sale Recording Date: Oct 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181030002460
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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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# 72390190

Frequently Asked Questions

When was property at 10 Porter Avenue built and last sold?
The property at 10 Porter Avenue was built in 1930 and last sold on Jan 1, 1970 for $395,000.
How much is this home worth?
The estimated value of the home located at 10 Porter Avenue is $422,897.
What are some comparable homes to 10 Porter Avenue?
There are currently no comparable homes to 10 Porter Avenue.
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