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Lynn 01902
12 Pattys Way
$525,000
● House - Off Market

12 Pattys Way

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,580 Ft²
$507,944
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Move in condition single family home.  Several updates , renovations completed to this home. Walk into a large, spacious , open concept living room with dining room and eat in kitchen.  Ideal for entertaining and having gatherings.  You have a rear enclosed porch all finished used as an additional tv room.  Off kitchen you walk down hallway to the NEW full bathroom and all bedrooms with closets.  Gas heat , with a laundry area.  Parking in double driveways,  in rear you have a yard as well.  Convenient location , easy access , calm and quiet.  Kindly come on by and view , a Must See.  *
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$316
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1960

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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 #72961830)

Price History

Date / Event Date Event Price
Jun 27, 2022 Sold
Premium
Sold
Apr 4, 2022 Listed by Coldwell Banker First Quality Realty $499,900
Listed by Coldwell Banker First Quality Realty
Dec 20, 2016 Sold
Premium
Sold
Sep 15, 2016 Listed by Coldwell Banker First Quality Realty $319,900
Listed by Coldwell Banker First Quality Realty
Aug 28, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 932
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,066
  • Total Building Area: 932
  • Gross Building Area: 2,192
  • Building Area: 932
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 932
  • Heating Fuel Type: 3

    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: 206700

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:094 B:519 L:044
  • Block: 519
  • Lot: 44
  • Municipality: LYNN
  • Latitude: 42.4658
  • Longitude: -70.9344

    Address

  • Full Address: 12 Pattys Way
  • Address - House Number: 12
  • Address - Street Name: Pattys
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynn
  • Carrier Code: C051
  • 4-Digit Zip Code: 2435
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $494,000

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 516,646
  • High Value: 608,529
  • Low Value: 424,763

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $469,100
  • Assessed Land Value: $169,100
  • Assessed Improvements Value: $300,000

    Sales

  • Current Sale Contract Date: Jun 24, 2022
  • Current Sale Recording Date: Jun 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220627002290
  • Previous Sale Recording Date: Dec 20, 2016
  • Previous Sale Amount: $296,000
  • 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:

$598,000

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# 72961830

Frequently Asked Questions

When was property at 12 Patty's Way built and last sold?
The property at 12 Patty's Way was built in 1960 and last sold on Jun 24, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 12 Patty's Way is $508,248.
What are some comparable homes to 12 Patty's Way?
There are currently no comparable homes to 12 Patty's Way.
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