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Lynn 01902
173 Shepard St
$307,000
● House - Off Market

173 Shepard St

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,278 Ft²
$478,230
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

Fantastic opportunity for the large family to own a home that is centrally located, extra large lot , tons of parking. 4 good size bedrooms. SOLD AS IS. This property offers an extra large lot that based on city hall parameters may be buildable. Based on the zoning you can also turn the property into a house of worship, storefront, there are plenty of other permitted uses. buyer to perform due diligence. This is a great opportunity at a very affordable price!
Unit Size
1,278 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$274
Property Type
House
Property Taxes
$336
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: 4 months ago (MLSPIN #72626135)

Price History

Date / Event Date Event Price
Jun 12, 2020 Sold
Premium
Sold
Mar 1, 2020 Listed by Century 21 North East $349,900
Listed by Century 21 North East
May 26, 2017 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 690
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,354
  • Total Building Area: 1,278
  • Gross Building Area: 2,316
  • Building Area: 1,278
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,278
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • 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: 207200

Zoning

  • Zoning: WF1

Geography

  • Parcel: LYNN M:051 B:748 L:024
  • Block: 748
  • Lot: 24
  • Municipality: LYNN
  • Latitude: 42.4576
  • Longitude: -70.954

    Address

  • Full Address: 173 Shepard St
  • Address - House Number: 173
  • Address - Street Name: Shepard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C022
  • 4-Digit Zip Code: 4558
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $431,700

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 470,810
  • High Value: 560,683
  • Low Value: 380,937

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $410,000
  • Assessed Land Value: $211,500
  • Assessed Improvements Value: $198,500

    Sales

  • Current Sale Contract Date: Jun 11, 2020
  • Current Sale Recording Date: Jun 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200612004980
  • Previous Sale Recording Date: May 26, 2017
  • Previous Sale Amount: $255,000
  • 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# 72626135

Frequently Asked Questions

When was property at 173 Shepard Street built and last sold?
The property at 173 Shepard Street was built in 1900 and last sold on Jun 11, 2020 for $307,000.
How much is this home worth?
The estimated value of the home located at 173 Shepard Street is $354,309.
What are some comparable homes to 173 Shepard Street?
There are currently no comparable homes to 173 Shepard Street.
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