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Lynn 01902
14 Lewis Place
$487,000
● House - Off Market

14 Lewis Place

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,340 Ft²
$479,750
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

OH Sun 1/2/22 from 12-1:30 A great Victorian-style single-family home a short walk to the beach on a dead-end street! Classic Victorian wood detail and high ceiling throughout. Renovated and has Granite kitchen with SS stove, wide-planked hardwood flooring throughout, newer windows, roof, and heating systems replaced in 2015. A large walk-out basement with a washer/dryer suitable for adding finished living space. Well located, an easy walk to schools, parks, local stores, and ocean view restaurants. Convenient to public transportation and the commuter train. Under 30 minutes to Boston if you beat the traffic or if you prefer public transportation, 40 minutes with a 1-minute walk to the 441/442 bus to either the Lynn train station or the Blue Line's Wonderland station. Offer due by Jan 3 at 3:00
Unit Size
1,340 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$335
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1905

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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 #72918179)

Price History

Date / Event Date Event Price
Feb 4, 2022 Sold
Premium
Sold
Nov 9, 2021 Listed by Best Deal Realty, LLC $449,000
Listed by Best Deal Realty, LLC
Apr 8, 2015 Sold
Premium
Sold
Jan 24, 2015 Listed by Best Deal Realty, LLC $234,900
Listed by Best Deal Realty, LLC
Aug 22, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,849
  • Total Building Area: 1,302
  • Gross Building Area: 2,455
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000065
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:522 L:032
  • Block: 522
  • Lot: 32
  • Municipality: LYNN
  • Latitude: 42.4665
  • Longitude: -70.9303

    Address

  • Full Address: 14 Lewis Pl
  • Address - House Number: 14
  • Address - Street Name: Lewis
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C031
  • 4-Digit Zip Code: 2436
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $472,500

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 443,650
  • High Value: 479,270
  • Low Value: 408,030

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $448,700
  • Assessed Land Value: $163,100
  • Assessed Improvements Value: $285,600

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220204002480
  • Previous Sale Recording Date: Apr 08, 2015
  • Previous Sale Amount: $225,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72918179

Frequently Asked Questions

When was property at 14 Lewis Place built and last sold?
The property at 14 Lewis Place was built in 1905 and last sold on Feb 4, 2022 for $487,000.
How much is this home worth?
The estimated value of the home located at 14 Lewis Place is $444,352.
What are some comparable homes to 14 Lewis Place?
There are currently no comparable homes to 14 Lewis Place.
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