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Lynn 01902
16 Brookline St
$475,000
● House - Off Market

16 Brookline St

Lynn, MA 01902
bedrooms
7 Beds
bathrooms
2 Baths
square feet
2,508 Ft²
$527,621
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Investors, Flippers, Contractors, First time buyers looking for sweat equity, this is the home that you have been dreaming of at a price you can afford. This 7 bedroom, 2 bathroom home was once a 2 family home and can easily be converted back. Each floor has a full bath as well as its own separate entrance. This home also features a private driveway and spacious backyard with shed.  All this home needs is a little TLC and a few cosmetic updates. Roof was replaced 2 years ago. Heating system was replaced in 2016. Roll up your sleeves, grab some paint and get going. Don't miss your next investment opportunity.
Unit Size
2,508 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$199
Property Type
House
Property Taxes
$460
HOA Dues
-
Year Built
1910

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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 months ago (MLSPIN #73032514)

Price History

Date / Event Date Event Price
Sep 30, 2022 Sold
Premium
Sold
Sep 6, 2022 Listed by RE/MAX 360 $500,000
Listed by RE/MAX 360
Sep 2, 2022 No longer available -
No longer available
Aug 19, 2022 In contract -
In contract
Aug 12, 2022 Price Decreased $500,000
↓ $50K (9.1%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,234
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,893
  • Total Building Area: 2,508
  • Gross Building Area: 3,796
  • Building Area: 2,508
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,508
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000089
  • 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: 206500

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:104 B:534 L:008
  • Block: 534
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.4724
  • Longitude: -70.9272

    Address

  • Full Address: 16 Brookline St
  • Address - House Number: 16
  • Address - Street Name: Brookline
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 1808
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $583,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 692,492
  • High Value: 819,646
  • Low Value: 565,339

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $554,500
  • Assessed Land Value: $186,800
  • Assessed Improvements Value: $367,700

    Sales

  • Current Sale Contract Date: Sep 30, 2022
  • Current Sale Recording Date: Sep 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220930006830
  • Previous Sale Recording Date: Jun 13, 2022
  • Previous Sale Contract Date: Jun 02, 2022
  • Previous Sale Amount: $65,500
  • 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:

$592,493

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2441 ft²

Average Home Age

96 years

Currently For Sale

158 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: 5 months ago
Data Source: MLS PIN, MLS# 73032514

Frequently Asked Questions

When was property at 16 Brookline Street built and last sold?
The property at 16 Brookline Street was built in 1910 and last sold on Sep 30, 2022 for $475,000.
How much is this home worth?
The estimated value of the home located at 16 Brookline Street is $486,463.
What are some comparable homes to 16 Brookline Street?
There are currently no comparable homes to 16 Brookline Street.
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