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Lynn 01902
10 Wallace Road
Photo of 10 Wallace Road
Sold on Nov 14, 2008

1

Map

$320,000
● House - Off Market

10 Wallace Road

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,432 Ft²
$784,425
RealtyHop Estimate
109.18%
Since Dec 1, 2008
MA-Boston
Primary Model

About This Property

Just Steps to the Beach OCEANVIEWS are enjoyed from the front exterior of this well maintained home in the favored Diamond District area. Very charming 2 BR home with large open attic ready to be transformed into an oceanview suite.  Elegant archways, distinctive  moldings,  original glass tiled bathrooms ,kitchen, pantry, plus  family room in lower level CENTRAL AIR,CENTRAL VAC,SECURITY, NEW WINDOWS,NEWER ROOF, LOVELY YARD.AND SUNPORCH.  So many treats. This is a special home, lovely street!
Unit Size
1,432 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$262
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1947

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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 #70803086)

Price History

Date / Event Date Event Price
Nov 14, 2008 Sold
Premium
Sold
Aug 6, 2008 Listed $375,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,432
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,600
  • Total Building Area: 2,145
  • Gross Building Area: 4,372
  • Building Area: 2,145
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,145
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY LYNN
  • Land Acres: 0000000152
  • 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

  • Parcel: LYNN M:093 B:556 L:011
  • Block: 556
  • Lot: 11
  • Municipality: LYNN
  • Latitude: 42.465
  • Longitude: -70.9263

    Address

  • Full Address: 10 Wallace Rd
  • Address - House Number: 10
  • Address - Street Name: Wallace
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C032
  • 4-Digit Zip Code: 2012
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $786,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 756,966
  • High Value: 885,024
  • Low Value: 628,908

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $747,100
  • Assessed Land Value: $254,000
  • Assessed Improvements Value: $493,100

    Sales

  • Current Sale Recording Date: Nov 14, 2008
  • Current Sale Price:
    Premium
  • Current 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 years

Currently For Sale

156 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: 4 months ago
Data Source: MLS PIN, MLS# 70803086

Frequently Asked Questions

When was property at 10 Wallace Road built and last sold?
The property at 10 Wallace Road was built in 1947 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 10 Wallace Road is $383,341.
What are some comparable homes to 10 Wallace Road?
There are currently no comparable homes to 10 Wallace Road.
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