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Lynn 01905
15 River St Pl
$497,000
● House - Off Market

15 River St Pl

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,260 Ft²
$629,229
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Move in ready 4/5 bedroom West Lynn colonial on the Saugus line. Large and spacious home has been well cared for and updated. There is a bright and sun filled kitchen on the main level with an open floor plan with dining area and laundry. Kitchen features include stainless steel appliances, gas stove, granite counters, and maple cabinets. Kitchen slider leads to massive deck overlooking the river. Main level also includes an office, full bath, large dining room with built in cabinets, and living room all with beautiful hardwood floors. Upstairs there are four over-sized bedrooms all with hardwood flooring and a full bath including Jacuzzi tub. Lots of  storage in the full basement. Tool shed and fenced in yard compliment the large deck.
Unit Size
2,260 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$210
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1900

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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: 5 years ago (MLSPIN #72677981)

Price History

Date / Event Date Event Price
Aug 5, 2020 Sold
Premium
Sold
Jun 22, 2020 Listed by United Brokers $474,000
Listed by United Brokers
Dec 12, 2017 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 420
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,718
  • Total Building Area: 870
  • Gross Building Area: 1,500
  • Building Area: 870
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 870
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000039
  • 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: 205800

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:019 B:307 L:031
  • Block: 307
  • Lot: 31
  • Municipality: LYNN
  • Latitude: 42.4573
  • Longitude: -70.9734

    Address

  • Full Address: 15 River St
  • Address - House Number: 15
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2611
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $348,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 379,732
  • High Value: 439,228
  • Low Value: 320,236

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $330,800
  • Assessed Land Value: $162,000
  • Assessed Improvements Value: $168,800

    Sales

  • Current Sale Contract Date: Jul 27, 2020
  • Current Sale Recording Date: Aug 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 614814
  • Previous Sale Recording Date: Dec 12, 2017
  • Previous Sale Amount: $457,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 years

Currently For Sale

163 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: 5 years ago
Data Source: MLS PIN, MLS# 72677981

Frequently Asked Questions

When was property at 15 River Street built and last sold?
The property at 15 River Street was built in 1900 and last sold on Jul 27, 2020 for $500,000.
How much is this home worth?
The estimated value of the home located at 15 River Street is $0.
What are some comparable homes to 15 River Street?
There are currently no comparable homes to 15 River Street.
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