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Lynn 01904
11 Park Road
$405,000
● House - Off Market

11 Park Road

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,494 Ft²
$528,448
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Lynn/Lynnfield line.  Good size rooms.  Updated kitchen and baths. 2 new gas heating systems (upstairs and downstairs). House is deleaded with certificates.  Side street location. Walking distance to elementary school.  Close to transportation, Rt. 1, Rt. 93, and Rt. 95 within minutes of house. Private wooded yard and much more.  In accordance with Covid 19 recommendations, masks must be worn and social distancing must be observed at all times when viewing.
Unit Size
1,494 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$274
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72696125)

Price History

Date / Event Date Event Price
Oct 27, 2020 Sold
Premium
Sold
Jul 22, 2020 Listed by Connor Real Estate $409,900
Listed by Connor Real Estate
Feb 28, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 675
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,871
  • Total Building Area: 1,494
  • Gross Building Area: 2,169
  • Building Area: 1,494
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,494
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000387
  • 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:060 B:024 L:037
  • Block: 24
  • Lot: 37
  • Municipality: LYNN
  • Latitude: 42.4942
  • Longitude: -70.975

    Address

  • Full Address: 11 Park Rd
  • Address - House Number: 11
  • Address - Street Name: Park
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1609
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $567,800

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 594,408
  • High Value: 704,043
  • Low Value: 484,773

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,200
  • Assessed Land Value: $204,600
  • Assessed Improvements Value: $334,600

    Sales

  • Current Sale Contract Date: Oct 26, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201027001450
  • Previous Sale Recording Date: Feb 28, 2019
  • Previous Sale Contract Date: Feb 28, 2019
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: O
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72696125

Frequently Asked Questions

When was property at 11 Park Road built and last sold?
The property at 11 Park Road was built in 1954 and last sold on Oct 26, 2020 for $405,000.
How much is this home worth?
The estimated value of the home located at 11 Park Road is $419,455.
What are some comparable homes to 11 Park Road?
There are currently no comparable homes to 11 Park Road.
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