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Lynn 01904
15 Edgemere Rd
$298,000
● House - Off Market

15 Edgemere Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,138 Ft²
$497,673
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Desirable Fays Estates! Welcome home to this lovely single family!  First floor has the well-sought open-concept Living Room/Dining Room/ Kitchen combo that is all open and perfect for entertaining.  Three bedrooms are located on the second level with hardwood through-out. Bonus room in the lower level for a playroom or den.  Nice fenced-in yard, garage, parking for up to 8 cars, new roof (with life-time warranty) new heating system, new plumbing and more. Call to show! Showings begin at Open House, Sunday April 3, 2016 11-1pm.
Unit Size
1,138 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$261
Property Type
House
Property Taxes
$321
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 #71980068)

Price History

Date / Event Date Event Price
Jun 24, 2016 Sold
Premium
Sold
Mar 30, 2016 Listed by Century 21 North Shore $297,500
Listed by Century 21 North Shore

Property Highlights

Garage
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: 19
  • 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: 650
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,874
  • Total Building Area: 1,138
  • Gross Building Area: 2,149
  • Building Area: 1,138
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,138
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNNMERE
  • Land Acres: 0000000089
  • 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:099 B:148 L:023
  • Block: 148
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4898
  • Longitude: -70.9426

    Address

  • Full Address: 15 Edgemere Rd
  • Address - House Number: 15
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2011
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,400

    Appraisal Valuation

  • Standard Deviation: 0.1803
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 551,169
  • High Value: 650,688
  • Low Value: 451,649

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,100
  • Assessed Land Value: $187,200
  • Assessed Improvements Value: $308,900

    Sales

  • Current Sale Recording Date: Jun 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 169
  • Previous Sale Recording Date: Jan 27, 2003
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2698 ft²

Average Home Age

97.9 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# 71980068

Frequently Asked Questions

When was property at 15 Edgemere Road built and last sold?
The property at 15 Edgemere Road was built in 1920 and last sold on Jan 1, 1970 for $298,000.
How much is this home worth?
The estimated value of the home located at 15 Edgemere Road is $308,111.
What are some comparable homes to 15 Edgemere Road?
There are currently no comparable homes to 15 Edgemere Road.
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