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Lynn 01905
10 Tower Ave
$280,000
● House - Off Market

10 Tower Ave

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,249 Ft²
$507,805
RealtyHop Estimate
75.17%
Since Dec 1, 2015
MA-Boston
Primary Model

About This Property

Nothing to do but move in!  Why pay RENT!  Newly updated 3 bedroom home ready for your decorating touches!  Open kitchen dining area offers great space to enjoy your guests!  Kitchen offers new marble flooring, new dishwasher, gas stove, floating center island, white cabinetry with some glass doors, tile counter tops and pantry closet. Laundry room off kitchen with storage, new washer/dryer (remaining) Dining area and living areas also with hardwood floors. Second floor has three good size bedrooms. Plus new roof ,dry basement  and updated electrical all 2015!!  Inviting 2 tier deck (rear) is brand new and steps down to fenced yard. 4+ spaces of off street parking. . All appliances included! Don't wait! This won't last!
Unit Size
1,249 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$232
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1880

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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 #71895117)

Price History

Date / Event Date Event Price
Nov 30, 2015 Sold
Premium
Sold
Aug 26, 2015 Listed by Coldwell Banker Residential Brokerage - Lynnfield $289,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Dec 10, 2004 Sold
Premium
Sold
Aug 28, 2004 Listed by Coldwell Banker Residential Brokerage - Lynnfield $244,900
Listed by Coldwell Banker Residential Brokerage - Lynnfield

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 784
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,814
  • Total Building Area: 1,249
  • Gross Building Area: 2,616
  • Building Area: 1,249
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,249
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000088
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:021 B:289 L:073
  • Block: 289
  • Lot: 73
  • Municipality: LYNN
  • Latitude: 42.4628
  • Longitude: -70.9788

    Address

  • Full Address: 10 Tower Ave
  • Address - House Number: 10
  • Address - Street Name: Tower
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C014
  • 4-Digit Zip Code: 1915
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,100

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 550,321
  • High Value: 689,867
  • Low Value: 410,774

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,100
  • Assessed Land Value: $179,600
  • Assessed Improvements Value: $291,500

    Sales

  • Current Sale Recording Date: Nov 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 333
  • Previous Sale Recording Date: Dec 10, 2004
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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:

$594,943

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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71895117

Frequently Asked Questions

When was property at 10 Tower Avenue built and last sold?
The property at 10 Tower Avenue was built in 1880 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 10 Tower Avenue is $300,568.
What are some comparable homes to 10 Tower Avenue?
There are currently no comparable homes to 10 Tower Avenue.
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