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Lynn 01902
18 Lafayette Park
$320,000
● House - Off Market

18 Lafayette Park

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,705 Ft²
$519,505
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

This is a great 4+ bedroom home in the Gold Fish Pond area. This home offers a great deck and nice yard for relaxing or entertaining. Parking for 3-4 cars. The basement has great storage and plenty of room for a work space/hobby space.  The 1st floor layout is great as is, but there may be potential to rearrange to open up the space (seek a contractor for ideas, buyers to do their own due diligence). Second floor is a must see. This is truly a great value! Open houses are scheduled for Sunday October 16th 11-1, and Sunday 23rd 12-1:30.
Unit Size
1,705 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$185
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1880

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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 #72079730)

Price History

Date / Event Date Event Price
Nov 28, 2016 Sold
Premium
Sold
Oct 11, 2016 Listed by William Raveis R.E. & Home Services $314,900
Listed by William Raveis R.E. & Home Services
Jun 25, 2003 Sold
Premium
Sold
Feb 5, 2003 Listed by William Raveis R.E. & Home Services $275,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,100
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,049
  • Total Building Area: 1,705
  • Gross Building Area: 3,248
  • Building Area: 1,705
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,705
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: 206700

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:094 B:519 L:051
  • Block: 519
  • Lot: 51
  • Municipality: LYNN
  • Latitude: 42.466
  • Longitude: -70.9333

    Address

  • Full Address: 18 Lafayette Park
  • Address - House Number: 18
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Lynn
  • Carrier Code: C031
  • 4-Digit Zip Code: 2412
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $579,800

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 606,076
  • High Value: 750,974
  • Low Value: 461,177

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,600
  • Assessed Land Value: $197,800
  • Assessed Improvements Value: $352,800

    Sales

  • Current Sale Recording Date: Nov 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 457
  • Previous Sale Recording Date: Jun 25, 2003
  • Previous Sale Amount: $265,000
  • 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

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72079730

Frequently Asked Questions

When was property at 18 Lafayette Park built and last sold?
The property at 18 Lafayette Park was built in 1880 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 18 Lafayette Park is $330,154.
What are some comparable homes to 18 Lafayette Park?
There are currently no comparable homes to 18 Lafayette Park.
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