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Lynn 01904
142 Spring View Dr
$525,000
● House - Off Market

142 Spring View Dr

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,208 Ft²
$520,235
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to Fay's Estate-This is a one owner home which has been lovingly maintained. Features gas heat, FHA with central air. Updated kitchen with Oak cabinets and   breakfast bar. Formal living room with wood-burning fireplace. 3 bedrooms and full bath with an abundance of wood floors throughout. Front to back dining room and den off the kitchen with gas fireplace and sliders out to deck.  Private, nicely landscaped back yard with shed and patio. Lower level features family room with bar, 1/2 bath and plenty of storage. Close to Route 128 and the Salem line - 2 miles to beaches and Aborn School district.
Unit Size
1,208 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$408
Property Type
House
Property Taxes
$379
HOA Dues
-
Year Built
1966

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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 #73020960)

Price History

Date / Event Date Event Price
Sep 12, 2022 Sold
Premium
Sold
Aug 3, 2022 Listed by McKeon / Corcoran Real Estate $493,000
Listed by McKeon / Corcoran Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Total Building Area: 1,208
  • Gross Building Area: 2,295
  • Building Area: 1,208
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,208
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:100 B:140 L:066
  • Block: 140
  • Lot: 66
  • Municipality: LYNN
  • Latitude: 42.4923
  • Longitude: -70.9472

    Address

  • Full Address: 142 Spring View Dr
  • Address - House Number: 142
  • Address - Street Name: Spring View
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2088
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $507,000

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 543,548
  • High Value: 643,803
  • Low Value: 443,294

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $481,500
  • Assessed Land Value: $201,700
  • Assessed Improvements Value: $279,800

    Sales

  • Current Sale Contract Date: Sep 12, 2022
  • Current Sale Recording Date: Sep 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 386
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73020960

Frequently Asked Questions

When was property at 142 Spring View Drive built and last sold?
The property at 142 Spring View Drive was built in 1966 and last sold on Sep 12, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 142 Spring View Drive is $499,420.
What are some comparable homes to 142 Spring View Drive?
There are currently no comparable homes to 142 Spring View Drive.
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