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Lynn 01904
16 Tapley Street
$440,000
● House - Off Market

16 Tapley Street

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,500 Ft²
$526,287
RealtyHop Estimate
19.61%
Since Apr 1, 2021
MA-Boston
Primary Model

About This Property

**Back on the market! Buyers backed out before inspection with no reason pertaining to the home. Sellers have done an inspection and full report with repairs being made will be at open house! We're going to have some lucky buyers! Open house 1/30 & 1/31. This is the one you don't want to miss! Beautifully maintained two story 4 bedroom home on the corner of Tapley St and Pine Grove Ave. Many improvements made over the last couple of years and it is just waiting for the perfect buyer to come and make it their own. There is a new stove and hood just installed, new flooring in the kitchen, freshly painted walls and much more. Come on over and check it out! I know you will feel right at home as soon as you walk in the door.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$293
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1900

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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 years ago (MLSPIN #72764771)

Price History

Date / Event Date Event Price
Mar 15, 2021 Sold
Premium
Sold
Dec 7, 2020 Listed by Mass Broker Services $440,000
Listed by Mass Broker Services

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 775
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,811
  • Total Building Area: 1,417
  • Gross Building Area: 2,441
  • Building Area: 1,417
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 1,417
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000065
  • 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: 205500

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:055 B:225 L:001
  • Block: 225
  • Lot: 1
  • Municipality: LYNN
  • Latitude: 42.4737
  • Longitude: -70.9661

    Address

  • Full Address: 16 Tapley St
  • Address - House Number: 16
  • Address - Street Name: Tapley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 2861
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $485,300

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 539,359
  • High Value: 635,699
  • Low Value: 443,018

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $460,900
  • Assessed Land Value: $177,600
  • Assessed Improvements Value: $283,300

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210315005730
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

2465 ft²

Average Home Age

97.1 years

Currently For Sale

163 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: 5 years ago
Data Source: MLS PIN, MLS# 72764771

Frequently Asked Questions

When was property at 16 Tapley Street built and last sold?
The property at 16 Tapley Street was built in 1900 and last sold on Mar 15, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 16 Tapley Street is $0.
What are some comparable homes to 16 Tapley Street?
There are currently no comparable homes to 16 Tapley Street.
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