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Lynn 01904
126 Pine Grove Ave
$500,000
● House - Off Market

126 Pine Grove Ave

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$522,316
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Price reduction-Pine Hill neighborhood, Garrison Colonial style featuring: brick front, entrance foyer, comfortable living room, formal dining room, efficient kitchen, two bedrooms and a full bath up (ceramic tile), hardwood floors throughout, knotty pine family room in basement has a sink and bar area and would offer many options for extra space, updated heat and hot water, walk out to beautiful back yard lush with flowering bushes and trees.  One car garage, hot top driveway, a must see.  Close to public elementary school and park and enjoy the annual Fourth of July  parade for Gallagher playground, many activities for children, all and all it's a great house in a great spot!  Condo alternative, plus your own private yard, wonderful for pets.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$425
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1940

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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 #72987741)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
May 26, 2022 Listed by Century 21 Tradition $499,900
Listed by Century 21 Tradition

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,054
  • Total Building Area: 1,176
  • Gross Building Area: 1,772
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,176
  • 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: 205500

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:056 B:226 L:024
  • Block: 226
  • Lot: 24
  • Municipality: LYNN
  • Latitude: 42.475
  • Longitude: -70.9647

    Address

  • Full Address: 126 Pine Grove Ave
  • Address - House Number: 126
  • Address - Street Name: Pine Grove
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 2832
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $508,900

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 556,822
  • High Value: 659,524
  • Low Value: 454,119

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $483,300
  • Assessed Land Value: $184,300
  • Assessed Improvements Value: $299,000

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220819003650
  • Previous Sale Recording Date: Dec 20, 2017
  • Previous Sale Document Type: 27
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

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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: 5 months ago
Data Source: MLS PIN, MLS# 72987741

Frequently Asked Questions

When was property at 126 Pine Grove Avenue built and last sold?
The property at 126 Pine Grove Avenue was built in 1940 and last sold on Aug 19, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 126 Pine Grove Avenue is $502,349.
What are some comparable homes to 126 Pine Grove Avenue?
There are currently no comparable homes to 126 Pine Grove Avenue.
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