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Lynn 01904
116 Quinn Road
$650,000
● House - Off Market

116 Quinn Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,484 Ft²
$620,484
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

Move right into this warm and delightful Ward 1 home! Everything you need is all wrapped up neatly in this one - flexible floor plan allows for a single-level living option with one bedroom and full bath on the first floor.  Two bedrooms and full bath on the 2nd floor.  A great setup for dining room and living room areas with built-ins in both rooms. Plenty of basement storage and a bonus room.  A nice level backyard perfect for entertaining, gardening, and enjoying the shade trees. Central air.  Newer roof (2019). Attached one-car garage. Showings begin with open houses Sat. July 8 & Sun. July 9, 12-1:30.  Seller requests that offers be submitted by Monday, July 10 at 6pm. (please see 'Firm Remarks' for additional details).
Unit Size
1,484 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$421
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1948

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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 #73132588)

Price History

Date / Event Date Event Price
Aug 30, 2023 Sold
Premium
Sold
Jul 13, 2023 In contract -
In contract
Jul 6, 2023 Listed by Noble Realty Partners LLC $625,000
Listed by Noble Realty Partners LLC
Jan 31, 2019 Sold
Premium
Sold
Oct 17, 2018 Listed by Noble Realty Partners LLC $419,000
Listed by Noble Realty Partners LLC
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1971
  • 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: 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: 908
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,950
  • Total Building Area: 1,484
  • Gross Building Area: 2,933
  • Building Area: 1,484
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,484
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • 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:046 B:014 L:004
  • Block: 14
  • Lot: 4
  • Municipality: LYNN
  • Latitude: 42.5003
  • Longitude: -70.9873

    Address

  • Full Address: 116 Quinn Rd
  • Address - House Number: 116
  • Address - Street Name: Quinn
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C044
  • 4-Digit Zip Code: 1253
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $625,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 672,695
  • High Value: 792,852
  • Low Value: 552,538

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,200
  • Assessed Land Value: $214,200
  • Assessed Improvements Value: $380,000

    Sales

  • Current Sale Contract Date: Aug 30, 2023
  • Current Sale Recording Date: Aug 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230830001630
  • Previous Sale Recording Date: Jan 31, 2019
  • Previous Sale Contract Date: Jan 31, 2019
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 73132588

Frequently Asked Questions

When was property at 116 Quinn Road built and last sold?
The property at 116 Quinn Road was built in 1948 and last sold on Aug 30, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 116 Quinn Road is $615,778.
What are some comparable homes to 116 Quinn Road?
There are currently no comparable homes to 116 Quinn Road.
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