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Lynn 01904
131 Pine Grove Ave
$335,000
● House - Off Market

131 Pine Grove Ave

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,055 Ft²
$494,961
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Location! Location! Location! Welcome to the Desirable Pine Hill area! This well maintained 3 BR 1 Bath colonial is the perfect starter home for you. HW floors throughout most of the home. Great size Dining Room and Living Room perfect to entertain your guests and family. New kitchen appliances. Replacement vinyl windows,  Roof is approx. 6 years old. Hot water tank '16. Freshly painted exterior, brand new deck. 2 level fenced in yards. Good size storage shed. Off street parking for 3 cars. Close distance to Sewell-Anderson School and Gallagher Park. Don't miss out on seeing this home! Showings start at OH. Open Houses Thursday 10/18 5:30-7 Saturday 10/20 2-3:30 Sunday 10/21 11:30-1
Unit Size
1,055 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$313
Property Type
House
Property Taxes
$331
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: 4 months ago (MLSPIN #72411292)

Price History

Date / Event Date Event Price
Jan 4, 2019 Sold
Premium
Sold
Oct 16, 2018 Listed by Century 21 North East $330,000
Listed by Century 21 North East
Oct 22, 2012 Sold
Premium
Sold
May 14, 2012 Listed by Century 21 North East $199,900
Listed by Century 21 North East
Jul 30, 1997 Sold
Premium
Sold
Show More

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: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 420
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,463
  • Total Building Area: 1,055
  • Gross Building Area: 1,781
  • Building Area: 1,055
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,055
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000171
  • 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:225 L:023
  • Block: 225
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.475
  • Longitude: -70.9643

    Address

  • Full Address: 131 Pine Grove Ave
  • Address - House Number: 131
  • Address - Street Name: Pine Grove
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 2859
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $461,300

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 520,361
  • High Value: 616,339
  • Low Value: 424,383

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $438,100
  • Assessed Land Value: $202,800
  • Assessed Improvements Value: $235,300

    Sales

  • Current Sale Contract Date: Dec 19, 2018
  • Current Sale Recording Date: Jan 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190104000770
  • Previous Sale Recording Date: Oct 22, 2012
  • Previous Sale Amount: $195,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 years

Currently For Sale

163 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 months ago
Data Source: MLS PIN, MLS# 72411292

Frequently Asked Questions

When was property at 131 Pine Grove Avenue built and last sold?
The property at 131 Pine Grove Avenue was built in 1920 and last sold on Dec 19, 2018 for $335,000.
How much is this home worth?
The estimated value of the home located at 131 Pine Grove Avenue is $332,633.
What are some comparable homes to 131 Pine Grove Avenue?
There are currently no comparable homes to 131 Pine Grove Avenue.
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