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Lynn 01902
116 Adams Street
$326,000
● House - Off Market

116 Adams Street

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
962 Ft²
$448,796
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Sun-drenched, renovated Colonial on a double frontage lot. Built in 1880 and fully remodeled in 2016, this 3BR home has a light-filled living room with gleaming hardwood floors and an open floorplan. Sparkling kitchen features stainless appliances, granite countertops, modern cabinetry, and tile backsplash. The formal dining room includes built-in shelves for extra storage space. One bedroom and full bathroom on the main floor, plus two more bedrooms upstairs. Very large & level, fully-fenced lot allows for easy entertaining on the patio and plenty of parking with frontage on two streets. The big backyard is ready for grilling, gardening, or relaxing. Great location near schools, shops & the commuter rail.
Unit Size
962 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$338
Property Type
House
Property Taxes
$319
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 #72637066)

Price History

Date / Event Date Event Price
May 14, 2020 Sold
Premium
Sold
Mar 23, 2020 Listed by Redfin Corp. $325,000
Listed by Redfin Corp.
Jul 22, 2016 Sold
Premium
Sold
May 13, 2016 Listed by Redfin Corp. $239,000
Listed by Redfin Corp.
Aug 31, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,060
  • Total Building Area: 962
  • Gross Building Area: 1,728
  • Building Area: 962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 962
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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: 206800

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:083 B:706 L:009
  • Block: 706
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4704
  • Longitude: -70.9445

    Address

  • Full Address: 116 Adams St
  • Address - House Number: 116
  • Address - Street Name: Adams
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C048
  • 4-Digit Zip Code: 3546
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $474,600

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 441,816
  • High Value: 554,150
  • Low Value: 329,483

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,700
  • Assessed Land Value: $177,500
  • Assessed Improvements Value: $273,200

    Sales

  • Current Sale Contract Date: May 06, 2020
  • Current Sale Recording Date: May 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 22, 2016
  • Previous Sale Amount: $255,900
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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# 72637066

Frequently Asked Questions

When was property at 116 Adams Street built and last sold?
The property at 116 Adams Street was built in 1880 and last sold on May 6, 2020 for $326,000.
How much is this home worth?
The estimated value of the home located at 116 Adams Street is $328,956.
What are some comparable homes to 116 Adams Street?
There are currently no comparable homes to 116 Adams Street.
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