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Lynn 01904
16 Rand St
$580,000
● House - Off Market

16 Rand St

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,312 Ft²
$562,876
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

**Offer deadline Monday, October 3 at 3pm.** Welcome home to 16 Rand St! Pristine home near Flax Pond with spacious back yard. High ceilings give this home an open, airy feel. Nice mix of some original features with lots of modern updates. First floor has spacious living room, dining room, and kitchen with granite countertops and large island. Three spacious bedrooms and updated full bath on the second floor. Basement is partially finished with 1/2 bath and laundry, and more living space. Backyard is a private oasis with fruit trees, patio, and veggie beds. This meticulously maintained home is move-in ready.
Unit Size
1,312 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$400
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73041605)

Price History

Date / Event Date Event Price
Nov 7, 2022 Sold
Premium
Sold
Oct 4, 2022 In contract -
In contract
Sep 27, 2022 Listed by Martel Real Estate $524,900
Listed by Martel Real Estate
May 9, 2003 Sold
Premium
Sold
Jan 9, 2003 Listed by Martel Real Estate $244,900
Listed by Martel Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 664
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,089
  • Total Building Area: 1,312
  • Gross Building Area: 3,244
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • 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: R2

Geography

  • Parcel: LYNN M:071 B:249 L:011
  • Block: 249
  • Lot: 11
  • Municipality: LYNN
  • Latitude: 42.4779
  • Longitude: -70.9526

    Address

  • Full Address: 16 Rand St
  • Address - House Number: 16
  • Address - Street Name: Rand
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C045
  • 4-Digit Zip Code: 2914
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $545,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1821
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 579,639
  • High Value: 680,171
  • Low Value: 479,107

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,800
  • Assessed Land Value: $200,700
  • Assessed Improvements Value: $317,100

    Sales

  • Current Sale Contract Date: Nov 07, 2022
  • Current Sale Recording Date: Nov 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221107002840
  • Previous Sale Recording Date: May 09, 2003
  • Previous Sale Amount: $240,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

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# 73041605

Frequently Asked Questions

When was property at 16 Rand Street built and last sold?
The property at 16 Rand Street was built in 1925 and last sold on Nov 7, 2022 for $580,000.
How much is this home worth?
The estimated value of the home located at 16 Rand Street is $520,708.
What are some comparable homes to 16 Rand Street?
There are currently no comparable homes to 16 Rand Street.
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