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Lynn 01905
13 Salem St
$223,000
● House - Off Market

13 Salem St

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,128 Ft²
$393,197
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

Great opportunity to own a single family home at an affordable price. This well maintained 2 bedroom+study has a spacious bright kitchen with direct access to a large deck.  Perfect for entertaining! Separate dining room and living room.   2nd floor has beautiful hardwood floors, large master bedroom, 2nd bedroom with skylight, office or small 3rd bedroom, and a beautifully updated bathroom.  Newer Gas heating system (converted from oil). Living room windows replaced in 2014   Huge fenced in backyard with shed for storage.  Off Street driveway.
Unit Size
1,128 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$199
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #71900280)

Price History

Date / Event Date Event Price
Oct 29, 2015 Sold
Premium
Sold
Sep 8, 2015 Listed by Longwood Residential, LLC $225,000
Listed by Longwood Residential, LLC
Jul 28, 2008 Sold
Premium
Sold
Dec 31, 2007 Listed by Longwood Residential, LLC $179,500
Listed by Longwood Residential, LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 666
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,326
  • Total Building Area: 1,211
  • Gross Building Area: 2,363
  • Building Area: 1,211
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,211
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000099
  • 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: 205900

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:055 B:213 L:011
  • Block: 213
  • Lot: 11
  • Municipality: LYNN
  • Latitude: 42.4695
  • Longitude: -70.9647

    Address

  • Full Address: 13 Salem St
  • Address - House Number: 13
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C003
  • 4-Digit Zip Code: 1628
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,600

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 496,118
  • High Value: 589,961
  • Low Value: 402,275

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $456,400
  • Assessed Land Value: $180,200
  • Assessed Improvements Value: $276,200

    Sales

  • Current Sale Recording Date: Oct 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 448
  • Previous Sale Recording Date: Jul 28, 2008
  • Previous Sale Amount: $170,000
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2424 ft²

Average Home Age

96 years

Currently For Sale

148 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: 6 months ago
Data Source: MLS PIN, MLS# 71900280

Frequently Asked Questions

When was property at 13 Salem Street built and last sold?
The property at 13 Salem Street was built in 1920 and last sold on Jan 1, 1970 for $223,000.
How much is this home worth?
The estimated value of the home located at 13 Salem Street is $234,920.
What are some comparable homes to 13 Salem Street?
There are currently no comparable homes to 13 Salem Street.
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