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Lynn 01902
15 Ocean Park
$419,000
● House - Off Market

15 Ocean Park

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,618 Ft²
$691,244
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

New to Market! Diamond District! You'll flip when you see this gracious, fabulous straight Brick-front Ranch on huge lot so near the OCEAN! 3 bedrooms, 2.5 baths with master bathroom, first floor family room, first floor laundry, wide open & sunny f.p. living room & dining room, gorgeous granite & SS kitchen leading out to private & comfortable deck for morning coffee, all hardwood floors, huge downstairs playroom & office possibilities, newer replacement windows, 2 cedar closets, underground telephone & electric wires. Inground 18X36 swimming pool completes this picture for quiet enjoyment & great outside entertainment & garden areas. Near train, airport, shopping, university, restaurants, walking promenade AND THE BEACH!   .
Unit Size
1,618 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$259
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1950

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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 #72073184)

Price History

Date / Event Date Event Price
Nov 28, 2016 Sold
Premium
Sold
Sep 26, 2016 Listed by Sagan Agency REALTORS® $419,000
Listed by Sagan Agency REALTORS®
Jun 1, 1979 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,440
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,630
  • Total Building Area: 1,618
  • Gross Building Area: 3,999
  • Building Area: 1,618
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,618
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • 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: 206700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:081 B:577 L:021
  • Block: 577
  • Lot: 21
  • Municipality: LYNN
  • Latitude: 42.4619
  • Longitude: -70.9351

    Address

  • Full Address: 15 Ocean Park
  • Address - House Number: 15
  • Address - Street Name: Ocean
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Lynn
  • Carrier Code: C049
  • 4-Digit Zip Code: 3214
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $721,800

    Appraisal Valuation

  • Standard Deviation: 0.158
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 687,635
  • High Value: 806,519
  • Low Value: 568,750

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $685,500
  • Assessed Land Value: $264,500
  • Assessed Improvements Value: $421,000

    Sales

  • Current Sale Recording Date: Nov 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 613
  • Previous Sale Recording Date: Jun 01, 1979
  • Previous Sale Amount: $50,000
  • 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

2704 ft²

Average Home Age

97.1 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# 72073184

Frequently Asked Questions

When was property at 15 Ocean Park built and last sold?
The property at 15 Ocean Park was built in 1950 and last sold on Jan 1, 1970 for $419,000.
How much is this home worth?
The estimated value of the home located at 15 Ocean Park is $434,749.
What are some comparable homes to 15 Ocean Park?
There are currently no comparable homes to 15 Ocean Park.
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