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Lynn 01902
15 Spring Rd
$405,000
● House - Off Market

15 Spring Rd

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,500 Ft²
$649,676
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Salem line, hard to find 7 room split with a 3 room in law. The main  floor features a large sunny kitchen with granite counters and stainless appliances. Sliders  to an over sized deck. The living room has hard wood floors, a gas fireplace and picture window. There are two bedrooms and two full baths. The lower level is finished with another bath, a bedroom, sitting area and a kitchenette. Garage under with an entrance to the house. Maintenance free exterior. Easy to show!!!!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$280
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
2002

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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 #72228922)

Price History

Date / Event Date Event Price
Aug 3, 2021 Sold
Premium
Sold
Jun 29, 2021 Listed by Century 21 Hughes $549,900
Listed by Century 21 Hughes
Jan 26, 2018 Sold
Premium
Sold
Sep 14, 2017 Listed by Century 21 Hughes $419,900
Listed by Century 21 Hughes
Dec 6, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 776
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,065
  • Total Building Area: 1,128
  • Gross Building Area: 2,394
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:107 B:411 L:005
  • Block: 411
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4845
  • Longitude: -70.9321

    Address

  • Full Address: 15 Spring Rd
  • Address - House Number: 15
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C037
  • 4-Digit Zip Code: 1139
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $616,800

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 655,247
  • High Value: 762,845
  • Low Value: 547,649

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $585,800
  • Assessed Land Value: $178,900
  • Assessed Improvements Value: $406,900

    Sales

  • Current Sale Contract Date: Aug 03, 2021
  • Current Sale Recording Date: Aug 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210803004390
  • Previous Sale Recording Date: Jan 26, 2018
  • Previous Sale Amount: $405,000
  • 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:

$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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72228922

Frequently Asked Questions

When was property at 15 Spring Road built and last sold?
The property at 15 Spring Road was built in 2002 and last sold on Aug 3, 2021 for $575,000.
How much is this home worth?
The estimated value of the home located at 15 Spring Road is $567,774.
What are some comparable homes to 15 Spring Road?
There are currently no comparable homes to 15 Spring Road.
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