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Lynn 01905
16 Light St
$210,000
● House - Off Market

16 Light St

Lynn, MA 01905
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,734 Ft²
$384,063
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

LARGE FAMILY??? NO PROBLEM!!    NEED A LARGE HOUSE CHEAP??  NO PROBLEM!!    LOT OF CARS??  NO PROBLEM!!    This 9 room, 5 bedroom 2 bath home with a 2 car garage and parking for 6-8 more has you covered. 4 of the bedrooms are very large with plenty of closet space, see measurements. New heating system and hot water installed this summer along with an updated electrical service. Walk up attic for storage. Garage has workshop area along with an electrical sub panel. Hardwood floors thru out. Home needs cosmetic updating.
Unit Size
1,734 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$121
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1880

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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 #71742422)

Price History

Date / Event Date Event Price
Nov 21, 2014 Sold
Premium
Sold
Sep 12, 2014 Listed by Century 21 Hughes $209,900
Listed by Century 21 Hughes
Oct 28, 2010 Sold
Premium
Sold
May 31, 2010 Listed by Century 21 Hughes $99,900
Listed by Century 21 Hughes
May 31, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,149
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,058
  • Total Building Area: 1,734
  • Gross Building Area: 3,197
  • Building Area: 1,734
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,734
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 207100

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:036 B:783 L:043
  • Block: 783
  • Lot: 43
  • Municipality: LYNN
  • Latitude: 42.4582
  • Longitude: -70.9693

    Address

  • Full Address: 16 Light St
  • Address - House Number: 16
  • Address - Street Name: Light
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2708
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $533,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 549,654
  • High Value: 689,031
  • Low Value: 410,276

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,700
  • Assessed Land Value: $188,400
  • Assessed Improvements Value: $318,300

    Sales

  • Current Sale Recording Date: Nov 21, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112100702
  • Previous Sale Recording Date: Oct 28, 2010
  • Previous Sale Amount: $104,900
  • 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:

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71742422

Frequently Asked Questions

When was property at 16 Light Street built and last sold?
The property at 16 Light Street was built in 1880 and last sold on Jan 1, 1970 for $210,000.
How much is this home worth?
The estimated value of the home located at 16 Light Street is $211,519.
What are some comparable homes to 16 Light Street?
There are currently no comparable homes to 16 Light Street.
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