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Lynn 01904
16 Lake View Pl
$260,000
● House - Off Market

16 Lake View Pl

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
2 Baths
square feet
920 Ft²
$435,138
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

Located on gorgeous Flax Pond, this 2 bedroom home features panoramic water views, hardwood floors, living room with a bay window, and a newly renovated kitchen with stainless steel appliances. The spacious master bedroom has a large walk-in closet. The property includes a partially finished basement with fireplace and additional bathroom. There is a paved driveway with ample room for parking and a fenced in backyard. Enjoy nearby hiking at the incredible 2,200 acre Lynn Woods Reservation or take a short ride over to lovely Nahant Beach. Located right off Route 107. This one won't last.
Unit Size
920 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$271
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1950

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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 #71908499)

Price History

Date / Event Date Event Price
Oct 29, 2015 Sold
Premium
Sold
Sep 22, 2015 Listed by Keller Williams Realty Boston-Metro | Back Bay $249,000
Listed by Keller Williams Realty Boston-Metro | Back Bay
Jul 31, 2001 Sold
Premium
Sold
Apr 10, 2001 Listed by Keller Williams Realty Boston-Metro | Back Bay $229,900
Listed by Keller Williams Realty Boston-Metro | Back Bay

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 957
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,040
  • Total Building Area: 957
  • Gross Building Area: 2,034
  • Building Area: 957
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 957
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKESIDE
  • Land Acres: 0000000116
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:087 B:123 L:007
  • Block: 123
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4841
  • Longitude: -70.9533

    Address

  • Full Address: 16 Lake View Pl
  • Address - House Number: 16
  • Address - Street Name: Lake View
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C055
  • 4-Digit Zip Code: 2348
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $563,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2562
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 495,221
  • High Value: 622,317
  • Low Value: 368,125

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $535,500
  • Assessed Land Value: $252,200
  • Assessed Improvements Value: $283,300

    Sales

  • Current Sale Recording Date: Oct 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 513
  • Previous Sale Recording Date: Jul 31, 2001
  • Previous Sale Amount: $227,900
  • 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:

$592,493

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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: 5 months ago
Data Source: MLS PIN, MLS# 71908499

Frequently Asked Questions

When was property at 16 Lakeview Place built and last sold?
The property at 16 Lakeview Place was built in 1950 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 16 Lakeview Place is $257,480.
What are some comparable homes to 16 Lakeview Place?
There are currently no comparable homes to 16 Lakeview Place.
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