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Lynn 01902
16 Ocean View Avenue
$312,000
● House - Off Market

16 Ocean View Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,250 Ft²
$607,102
RealtyHop Estimate
84.03%
Since Oct 1, 2004
MA-Boston
Primary Model

About This Property

Located on the Swampscott line, This property takes the meaning Of Privacy to a higher level. Sitting on a hill, overlooking the rest of this high scale neighborhood. The inside is absolutely immaculate with magnificient wood work and artistic personal touch. You have got to see it in order with apprecate it.
Unit Size
1,250 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$264
Property Type
House
Property Taxes
$216
HOA Dues
-
Year Built
1964

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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 #70052578)

Price History

Date / Event Date Event Price
Sep 30, 2004 Sold
Premium
Sold
Jun 21, 2004 Listed by Century 21 Citiwide $329,900
Listed by Century 21 Citiwide
Sep 13, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • 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: 266
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,654
  • Total Building Area: 985
  • Gross Building Area: 1,476
  • Building Area: 985
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 985
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 16 OCEAN VIEW AVE
  • Land Acres: 0000000245
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:098 B:404 L:011
  • Block: 404
  • Lot: 11
  • Municipality: LYNN
  • Latitude: 42.4833
  • Longitude: -70.9357

    Address

  • Full Address: 16 Ocean View Ave
  • Address - House Number: 16
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1004
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $419,200
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 488,738
  • High Value: 571,281
  • Low Value: 406,194

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $398,100
  • Assessed Land Value: $188,600
  • Assessed Improvements Value: $209,500

    Sales

  • Current Sale Recording Date: Sep 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 13, 2002
  • Previous Sale Amount: $243,000
  • 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:

$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# 70052578

Frequently Asked Questions

When was property at 16 Ocean View Avenue built and last sold?
The property at 16 Ocean View Avenue was built in 1964 and last sold on Jan 1, 1970 for $312,000.
How much is this home worth?
The estimated value of the home located at 16 Ocean View Avenue is $340,423.
What are some comparable homes to 16 Ocean View Avenue?
There are currently no comparable homes to 16 Ocean View Avenue.
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