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Lynn 01905
17 Menlo Avenue
$455,000
● House - Off Market

17 Menlo Avenue

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,581 Ft²
$575,359
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

PERFECTLY maintained 7+ room Cape Cod style home features 4 bedrooms, 2 full baths, living room with fireplace, dining room with built-ins, hardwood flooring, bright and sunny breezeway with newer windows and shades leading to newer trex deck and attached one car garage, finished lower level with spacious fireplace family room with ceramic tile flooring, full bath and laundry area.  Many updates include gas heat (2017), gas hot water (2019), roof approximately 10 years old, replacement windows, newer exterior doors and vinyl fencing, pavers walkway, vinyl siding, large lot located on side street in neighborhood setting on Saugus Line.  You won't be disappointed.  Showings begin on Saturday - please email Agent to reserve at a time.
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$285
Property Type
House
Property Taxes
$474
HOA Dues
-
Year Built
1940

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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 #72723728)

Price History

Date / Event Date Event Price
Nov 12, 2020 Sold
Premium
Sold
Sep 10, 2020 Listed by LAER Realty Partners $449,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,020
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,013
  • Total Building Area: 1,581
  • Gross Building Area: 3,786
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,581
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:387 L:002
  • Block: 387
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4741
  • Longitude: -70.987

    Address

  • Full Address: 17 Menlo Ave
  • Address - House Number: 17
  • Address - Street Name: Menlo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1004
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,800

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 600,667
  • High Value: 735,391
  • Low Value: 465,943

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,900
  • Assessed Land Value: $216,100
  • Assessed Improvements Value: $348,800

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201112004480
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

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2417 ft²

Average Home Age

95.9 years

Currently For Sale

159 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: 5 years ago
Data Source: MLS PIN, MLS# 72723728

Frequently Asked Questions

When was property at 17 Menlo Avenue built and last sold?
The property at 17 Menlo Avenue was built in 1940 and last sold on Nov 12, 2020 for $455,000.
How much is this home worth?
The estimated value of the home located at 17 Menlo Avenue is $0.
What are some comparable homes to 17 Menlo Avenue?
There are currently no comparable homes to 17 Menlo Avenue.
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