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Lynn 01902
16 Cook Street
Photo of 16 Cook Street
Sold on Nov 12, 2008

1

Map

$90,000
● House - Off Market

16 Cook Street

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,143 Ft²
$163,160
RealtyHop Estimate
109.18%
Since Dec 1, 2008
MA-Boston
Primary Model

About This Property

WOW what a price!! If you've been looking for a beginner house in Lynn, well here it is. Yes it needs some repairs and updating but how can you go wrong with this price.   The additional commission & buyers closing costs incentive is for acceptable offers received between 10/23/08 - 1/31/09 and escrow closed by 3/14/09.  Up to 3.5% Closing Costs Offer for Homebuyers.  Winter promotion also included a BCC incentive for owner/occupant buyers of up to 3.5% *when written in contract*
Unit Size
1,143 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$68
Property Type
House
Property Taxes
$184
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: 4 months ago (MLSPIN #70834817)

Price History

Date / Event Date Event Price
Jul 6, 2017 Sold
Premium
Sold
Dec 15, 2008 Sold
Premium
Sold
Nov 12, 2008 Sold
Premium
Sold
Oct 15, 2008 Listed $78,000
Listed
Jun 1, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 639
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,556
  • Total Building Area: 1,143
  • Gross Building Area: 1,936
  • Building Area: 1,143
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,143
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000036
  • 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: 206200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:084 B:700 L:016
  • Block: 700
  • Lot: 16
  • Municipality: LYNN
  • Latitude: 42.4724
  • Longitude: -70.9449

    Address

  • Full Address: 16 Cook St
  • Address - House Number: 16
  • Address - Street Name: Cook
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2713
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $438,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 505,943
  • High Value: 597,867
  • Low Value: 414,020

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $416,000
  • Assessed Land Value: $164,500
  • Assessed Improvements Value: $251,500

    Sales

  • Current Sale Recording Date: Jul 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 422
  • Previous Sale Recording Date: Dec 15, 2008
  • Previous Sale Amount: $90,000
  • Previous Sale Document Type: 27
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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 70834817

Frequently Asked Questions

When was property at 16 Cook Street built and last sold?
The property at 16 Cook Street was built in 1910 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 16 Cook Street is $97,556.
What are some comparable homes to 16 Cook Street?
There are currently no comparable homes to 16 Cook Street.
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