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Lynn 01905
16 Alan Road
$490,000
● House - Off Market

16 Alan Road

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,066 Ft²
$448,657
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Updated and sparkling 6 room Ranch offering 3 bedrooms with nice closet space, full tiled bath, fireplace living room with large bow window and coat closet, updated kitchen wood cabinets, tile floor, granite counters and stainless-steel appliances, great family room leading to side deck, open concept, updated roof, gas heat and central air, full basement with great potential nice ceiling height, 2 laundry hook ups 1 in first floor bedroom 1 in the basement, quaint yard, all located on a dead-end street. Come take a look!    SHOWINGS to start at the OPEN HOUSE SAT Dec 18th 12-2pm  Sun Dec 19th 12-2pm   Offer deadline  Mon Dec 20th 12pm   PLEASE DO NOT PARK ON ALAN ROAD, PLEASE PARK ON BASSE ROAD THANK YOU
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$394
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72928323)

Price History

Date / Event Date Event Price
Feb 7, 2022 Sold
Premium
Sold
Dec 16, 2021 Listed by Carpenito Real Estate, Inc. $419,900
Listed by Carpenito Real Estate, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,450
  • Total Building Area: 1,066
  • Gross Building Area: 2,206
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000125
  • 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: 205300

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:057 B:186 L:022
  • Block: 186
  • Lot: 22
  • Municipality: LYNN
  • Latitude: 42.4799
  • Longitude: -70.9693

    Address

  • Full Address: 16 Alan Rd
  • Address - House Number: 16
  • Address - Street Name: Alan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C011
  • 4-Digit Zip Code: 1212
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $460,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 523,954
  • High Value: 617,020
  • Low Value: 430,888

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $437,100
  • Assessed Land Value: $191,900
  • Assessed Improvements Value: $245,200

    Sales

  • Current Sale Contract Date: Feb 04, 2022
  • Current Sale Recording Date: Feb 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220207002260
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

2697 ft²

Average Home Age

97 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# 72928323

Frequently Asked Questions

When was property at 16 Alan Road built and last sold?
The property at 16 Alan Road was built in 1954 and last sold on Feb 4, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 16 Alan Road is $430,259.
What are some comparable homes to 16 Alan Road?
There are currently no comparable homes to 16 Alan Road.
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