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Lynn 01904
120 Commonwealth Rd
$380,000
● House - Off Market

120 Commonwealth Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,095 Ft²
$483,454
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Great Ward 1 location on tree-lined cul-de-sac.  First time available since built!  Mid-century style 3 bdrm, 1 bath Ranch home. Opportunity to build equity in a "hot" neighborhood; check the comps, this one is a bargain with the the opportunity to customize to your taste.  Unfinished basement offers additional potential. Many original features including brick fireplace and hardwood floors. Roof, and water heater 2 yrs old; Heating & Electric panel updated early 2000s. Near Spring Pond and Peabody line.
Unit Size
1,095 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$342
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1965

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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 years ago (MLSPIN #72723444)

Price History

Date / Event Date Event Price
Mar 12, 2021 Sold
Premium
Sold
Jan 19, 2021 Listed by eXp Realty $449,000
Listed by eXp Realty
Oct 26, 2020 Sold
Premium
Sold
Aug 24, 2020 Listed by eXp Realty $375,000
Listed by eXp Realty

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,095
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,054
  • Total Building Area: 1,095
  • Gross Building Area: 2,322
  • Building Area: 1,095
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,095
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:089 B:114 L:029
  • Block: 114
  • Lot: 29
  • Municipality: LYNN
  • Latitude: 42.4928
  • Longitude: -70.9529

    Address

  • Full Address: 120 Commonwealth Rd
  • Address - House Number: 120
  • Address - Street Name: Commonwealth
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C026
  • 4-Digit Zip Code: 2052
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $510,200

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 551,997
  • High Value: 653,809
  • Low Value: 450,184

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $484,500
  • Assessed Land Value: $204,600
  • Assessed Improvements Value: $279,900

    Sales

  • Current Sale Contract Date: Mar 12, 2021
  • Current Sale Recording Date: Mar 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 622772
  • Previous Sale Recording Date: Oct 26, 2020
  • Previous Sale Contract Date: Oct 17, 2020
  • Previous Sale Amount: $380,000
  • 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

2697 ft²

Average Home Age

97 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72723444

Frequently Asked Questions

When was property at 120 Commonwealth Road built and last sold?
The property at 120 Commonwealth Road was built in 1965 and last sold on Mar 12, 2021 for $499,000.
How much is this home worth?
The estimated value of the home located at 120 Commonwealth Road is $0.
What are some comparable homes to 120 Commonwealth Road?
There are currently no comparable homes to 120 Commonwealth Road.
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