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Lynn 01904
151 Edgemere Rd
$458,900
● House - Off Market

151 Edgemere Rd

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,290 Ft²
$503,675
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Renovated 2+ bedroom 2 bath home in Fay Estates with a large private backyard abutting Frog Pond. Features include a brand new kitchen with white shaker cabinets, stainless appliances, quartz countertops, hardwood floors throughout, new gas heating system with central air conditioning, new hot water heater, new roof, a heated walk-out bonus room in the basement and a detached garage. Open houses Saturday 12/4 and Sunday 12/5 from 11am-1pm
Unit Size
1,290 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$356
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1935

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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 #72924523)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Dec 2, 2021 Listed by Ocean Blue Real Estate LLC $458,900
Listed by Ocean Blue Real Estate LLC
May 10, 2021 Sold
Premium
Sold
Mar 21, 2021 Listed by Ocean Blue Real Estate LLC $260,000
Listed by Ocean Blue Real Estate LLC

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 675
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,289
  • Total Building Area: 971
  • Gross Building Area: 2,177
  • Building Area: 971
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 971
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000167
  • 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:100 B:142 L:013
  • Block: 142
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4916
  • Longitude: -70.9465

    Address

  • Full Address: 151 Edgemere Rd
  • Address - House Number: 151
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2086
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $518,600

    Appraisal Valuation

  • Standard Deviation: 0.2263
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 519,060
  • High Value: 636,726
  • Low Value: 401,394

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $492,500
  • Assessed Land Value: $195,700
  • Assessed Improvements Value: $296,800

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220114003940
  • Previous Sale Recording Date: May 10, 2021
  • Previous Sale Contract Date: May 08, 2021
  • Previous Sale Amount: $287,000
  • 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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72924523

Frequently Asked Questions

When was property at 151 Edgemere Road built and last sold?
The property at 151 Edgemere Road was built in 1935 and last sold on Jan 14, 2022 for $458,900.
How much is this home worth?
The estimated value of the home located at 151 Edgemere Road is $462,317.
What are some comparable homes to 151 Edgemere Road?
There are currently no comparable homes to 151 Edgemere Road.
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