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Lynn 01904
15 Sheehan Rd
$575,000
● House - Off Market

15 Sheehan Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,220 Ft²
$544,679
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

OPEN HOUSES HAVE BEEN CANCELED!Well sought after Ward 1 home in Wyoma near the Fay Estates!  This beautiful ranch comes with many updates including a young roof that was installed in 2019 and a finished basement with in-law potential.   This home features 3 bedrooms, 1 full bath, spacious kitchen and living room with fire place on the main level.  There is also a sun porch off of the kitchen.  In the finished basement you will find a bar, laundry and another full bath (shower stall).  The two tiered back yard has a new deck that is perfect for entertaining.  Come take a look at your next home! *Subject to seller finding suitable housing.
Unit Size
1,220 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$450
Property Type
House
Property Taxes
$464
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 #73127666)

Price History

Date / Event Date Event Price
Oct 11, 2023 Sold
Premium
Sold
Jun 24, 2023 In contract -
In contract
Jun 21, 2023 Listed by Real Broker MA, LLC $549,000
Listed by Real Broker MA, LLC
Oct 16, 2014 Sold
Premium
Sold
Sep 10, 2014 Listed by Real Broker MA, LLC $299,000
Listed by Real Broker MA, LLC
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1,220
  • 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: 1,220
  • Gross Building Area: 2,953
  • Building Area: 1,220
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,220
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:099 B:138 L:011
  • Block: 138
  • Lot: 11
  • Municipality: LYNN
  • Latitude: 42.487
  • Longitude: -70.9468

    Address

  • Full Address: 15 Sheehan Rd
  • Address - House Number: 15
  • Address - Street Name: Sheehan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C039
  • 4-Digit Zip Code: 2437
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $569,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1492
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 583,132
  • High Value: 670,165
  • Low Value: 496,099

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,000
  • Assessed Land Value: $203,200
  • Assessed Improvements Value: $337,800

    Sales

  • Current Sale Contract Date: Oct 11, 2023
  • Current Sale Recording Date: Oct 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 647268
  • Previous Sale Recording Date: Oct 16, 2014
  • Previous Sale Amount: $289,000
  • 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:

$597,950

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73127666

Frequently Asked Questions

When was property at 15 Sheehan Road built and last sold?
The property at 15 Sheehan Road was built in 1950 and last sold on Oct 11, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 15 Sheehan Road is $537,361.
What are some comparable homes to 15 Sheehan Road?
There are currently no comparable homes to 15 Sheehan Road.
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