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Lynn 01904
14 Gallo Road
$420,000
● House - Off Market

14 Gallo Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$513,996
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

This is the one you've been waiting for... Rare 3 BD Ranch on a Corner Lot in sought after Ward 1 neighborhood. The flexible floor plan welcomes you at the front entrance into the living room with fireplace that opens to the dining room and spacious kitchen with plenty of cabinet and counter space. A great layout for entertaining. The finished basement almost doubles the square footage. Adjacent to the family room is a great workshop for your home projects, plus ample storage. Off the kitchen is a enclosed three season porch overlooking the backyard. Private corner lot.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$352
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1954

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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 years ago (MLSPIN #72758542)

Price History

Date / Event Date Event Price
Dec 31, 2020 Sold
Premium
Sold
Nov 18, 2020 Listed by Harbor View Real Estate Corp. $405,000
Listed by Harbor View Real Estate Corp.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1972
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,152
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,948
  • Total Building Area: 1,152
  • Gross Building Area: 3,111
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000137
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:063 B:012 L:008
  • Block: 12
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.5043
  • Longitude: -70.9817

    Address

  • Full Address: 14 Gallo Rd
  • Address - House Number: 14
  • Address - Street Name: Gallo
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1235
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $537,900

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 579,981
  • High Value: 686,956
  • Low Value: 473,007

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $510,800
  • Assessed Land Value: $197,700
  • Assessed Improvements Value: $313,100

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201231002760
  • Previous Sale Recording Date: Jan 19, 2016
  • 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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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: 5 years ago
Data Source: MLS PIN, MLS# 72758542

Frequently Asked Questions

When was property at 14 Gallo Road built and last sold?
The property at 14 Gallo Road was built in 1954 and last sold on Dec 30, 2020 for $420,000.
How much is this home worth?
The estimated value of the home located at 14 Gallo Road is $0.
What are some comparable homes to 14 Gallo Road?
There are currently no comparable homes to 14 Gallo Road.
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