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Lynn 01904
18 Mayfair Street
$363,000
● House - Off Market

18 Mayfair Street

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,331 Ft²
$534,888
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

HOME SWEET HOME - Adorable sunlit bungalow/cottage. One level living with expansion possibilities with a walk up attic. There are beautiful hardwood floors and freshly painted rooms.  The master bedroom leads out onto a deck complete with a hot tub. Updated  kitchen. Newer electric. Generous sized private yard with above ground pool. The basement level is partially finished and could be used as a third bedroom/playroom with a full bathroom.  1 Car garage under. Nice location near the Peabody line.  Get in and enjoy for the New Year
Unit Size
1,331 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$277
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1930

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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 months ago (MLSPIN #72425158)

Price History

Date / Event Date Event Price
Mar 26, 2019 Sold
Premium
Sold
Nov 17, 2018 Listed by Coldwell Banker Residential Brokerage - Marblehead $369,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Aug 2, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1936
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 883
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,331
  • Gross Building Area: 3,933
  • Building Area: 1,331
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,331
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:089 B:110 L:007
  • Block: 110
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4911
  • Longitude: -70.9576

    Address

  • Full Address: 18 Mayfair St
  • Address - House Number: 18
  • Address - Street Name: Mayfair
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C026
  • 4-Digit Zip Code: 2064
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $555,200
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 576,751
  • High Value: 683,130
  • Low Value: 470,373

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $527,300
  • Assessed Land Value: $188,700
  • Assessed Improvements Value: $338,600

    Sales

  • Current Sale Contract Date: Mar 26, 2019
  • Current Sale Recording Date: Mar 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190326002000
  • Previous Sale Recording Date: Aug 02, 1993
  • Previous Sale Amount: $85,000
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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 months ago
Data Source: MLS PIN, MLS# 72425158

Frequently Asked Questions

When was property at 18 Mayfair Street built and last sold?
The property at 18 Mayfair Street was built in 1930 and last sold on Mar 26, 2019 for $363,000.
How much is this home worth?
The estimated value of the home located at 18 Mayfair Street is $379,576.
What are some comparable homes to 18 Mayfair Street?
There are currently no comparable homes to 18 Mayfair Street.
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