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Lynn 01904
15 Cumberland Road
$320,000
● House - Off Market

15 Cumberland Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,993 Ft²
$558,599
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Ward 1! Charming Cape Right Off Lynnfield Street! Featuring Stainless Steel Applianced Kitchen.. Fireplaced Living Room..Formal Dining Room.. Delightful 1st Floor Family Room Off Kitchen.Hardwood Flooring In Living , Dining Rooms  and 1st Floor Bedrooms(2) ...You have Your Choice Of The Master Bedroom Being On 1st Or 2nd Level.. 2 Full Baths.. Central Air.. Younger Windows. Enjoy Your Level Fenced In Backyard With Paver Patio! BONUS:  Enclosed Porch With Exposed Brick...Character! Great Starter Or Retirement Home! LOCATION LOCATION LOCATION !!!  PARK Nearby And Very Short Distance To Public Bus Transportation
Unit Size
1,993 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$171
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1946

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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 #72071568)

Price History

Date / Event Date Event Price
Dec 2, 2016 Sold
Premium
Sold
Sep 22, 2016 Listed by RE/MAX Property Shoppe, Inc. $339,888
Listed by RE/MAX Property Shoppe, Inc.
Sep 30, 2005 Sold
Premium
Sold
Jul 5, 2005 Listed by RE/MAX Property Shoppe, Inc. $357,000
Listed by RE/MAX Property Shoppe, Inc.
Apr 1, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1946
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,700
  • Total Building Area: 1,543
  • Gross Building Area: 2,932
  • Building Area: 1,543
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,543
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000154
  • 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:064 B:043 L:016
  • Block: 43
  • Lot: 16
  • Municipality: LYNN
  • Latitude: 42.5098
  • Longitude: -70.9853

    Address

  • Full Address: 15 Cumberland Rd
  • Address - House Number: 15
  • Address - Street Name: Cumberland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1111
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $523,900

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 557,242
  • High Value: 653,518
  • Low Value: 460,967

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $497,500
  • Assessed Land Value: $203,200
  • Assessed Improvements Value: $294,300

    Sales

  • Current Sale Contract Date: Dec 01, 2016
  • Current Sale Recording Date: Dec 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 577802
  • Previous Sale Recording Date: Sep 30, 2005
  • Previous Sale Amount: $349,000
  • Previous Sale Document Type: 48
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

$373

Below Asking

0.01%

Average Days on Market

60

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: 4 months ago
Data Source: MLS PIN, MLS# 72071568

Frequently Asked Questions

When was property at 15 Cumberland Road built and last sold?
The property at 15 Cumberland Road was built in 1946 and last sold on Dec 1, 2016 for $320,000.
How much is this home worth?
The estimated value of the home located at 15 Cumberland Road is $368,919.
What are some comparable homes to 15 Cumberland Road?
There are currently no comparable homes to 15 Cumberland Road.
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