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Lynn 01904
17 Ridge Ln
$480,000
● House - Off Market

17 Ridge Ln

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,204 Ft²
$724,552
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Hidden Gem in Ward 1.... Welcome to 17 Ridge Lane! This meticulous 3+ Bedroom, 2 Bath Ranch is ready for you to call HOME. This home offers gleaming hardwood floors, an eat-in Kitchen with slider to the deck, a remodeled bathroom, huge living room with fireplace and three bedrooms. A spiral staircase leading to the huge finished walk-out basement with office area, dining area, living room or a forth bedroom, and storage with laundry area. The two-car garage has plenty of space for things to be stored. Also, this well-maintained home has a refreshing in-ground pool with a deck waiting for a BBQ with all of your friends!  Call now for a private showing, this will not last!
Unit Size
1,204 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$407
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
1960

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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 #72373302)

Price History

Date / Event Date Event Price
Sep 21, 2018 Sold
Premium
Sold
Aug 3, 2018 Listed by A. James Lynch, Inc. $489,500
Listed by A. James Lynch, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,114
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,170
  • Total Building Area: 1,204
  • Gross Building Area: 2,726
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000279
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:063 B:011 L:008
  • Block: 11
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.5052
  • Longitude: -70.9822

    Address

  • Full Address: 17 Ridge Ln
  • Address - House Number: 17
  • Address - Street Name: Ridge
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1236
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $608,300

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 669,789
  • High Value: 786,080
  • Low Value: 553,499

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $577,700
  • Assessed Land Value: $220,100
  • Assessed Improvements Value: $357,600

    Sales

  • Current Sale Recording Date: Sep 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180921004370
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

2536 ft²

Average Home Age

96.5 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72373302

Frequently Asked Questions

When was property at 17 Ridge Lane built and last sold?
The property at 17 Ridge Lane was built in 1960 and last sold on Jan 1, 1970 for $480,000.
How much is this home worth?
The estimated value of the home located at 17 Ridge Lane is $492,557.
What are some comparable homes to 17 Ridge Lane?
There are currently no comparable homes to 17 Ridge Lane.
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