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Lynn 01902
18 Melvin Ave
Photo of 18 Melvin Ave

28

Map

Photo of 18 Melvin Ave
Photo of 18 Melvin Ave
$484,000
↓ $15K (3%)
● House - For Sale

18 Melvin Ave

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath
square feet
941 Ft²
$2,800
Est. Monthly

About This Property

Welcome to 18 Melvin Ave, a charming home ideally situated near the Swampscott line with convenient access to the coast, commuter rail, shopping, schools, and everyday amenities. This 2-bedroom home offers a comfortable and functional layout featuring a welcoming living room, kitchen with stainless steel appliances, and additional flexible space ideal for a home office. Outside, enjoy a fenced yard, deck, ample off-street parking, and the added convenience of a detached two-car garage. With public transportation nearby and easy access to surrounding communities, this home offers a great combination of location, convenience, and potential. Don't miss your opportunity to make 18 Melvin Ave your new home!
Unit Size
941 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$514
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1900

Listed By

Brian Binari
Keller Williams Coastal and Lakes & Mountains Realty

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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: 2 days ago (MLSPIN #73574072)

Price History

Date / Event Date Event Price
Oct 21, 2026 Price Decreased $484,000
↓ $15K (3%)
Price Decreased
Sep 9, 2026 Listed by Keller Williams Coastal and Lakes & Mountains Realty $499,000
Listed by Keller Williams Coastal and Lakes & Mountains Realty
Aug 5, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by Keller Williams Coastal and Lakes & Mountains Realty $354,900
Listed by Keller Williams Coastal and Lakes & Mountains Realty
Aug 7, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Paved, Off Street, Paved
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 1
Appliances: Water Heater, Range, Dishwasher, Microwave, Refrigerator, Dryer
Flooring Type: Vinyl, Carpet
Laundry Features: Electric Dryer Hookup, Washer Hookup
Rooms: 5
Basement: Unfinished
Exterior Details
Square Footage: 941
Architectural Style: See Remarks
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Ocean, 1 to 2 Mile To Beach
Building Area Total: 941
Building Area Units: Square Feet
Construction Materials: Frame
Lot Features: Level
Lot Size Area: 0.09
Lot Size Units: Acres
Lot Size Acres: 0.09
Lot Size Square Feet: 3986
Water Source: Public
Financial Details
Tax Assessed Value: $492,800
Tax Annual Amount: $5,076
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Natural Gas, Pellet Stove
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,987
  • Total Building Area: 941
  • Gross Building Area: 1,733
  • Building Area: 941
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 941
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:105 B:422 L:055
  • Block: 422
  • Lot: 55
  • Municipality: LYNN
  • Latitude: 42.4776
  • Longitude: -70.9305

    Address

  • Full Address: 18 Melvin Ave
  • Address - House Number: 18
  • Address - Street Name: Melvin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1214
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $459,700

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 472,041
  • High Value: 561,449
  • Low Value: 382,634

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,600
  • Assessed Land Value: $187,400
  • Assessed Improvements Value: $249,200

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210805002530
  • Previous Sale Recording Date: Aug 07, 2006
  • Previous Sale Amount: $224,845
  • 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:

$594,993

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2433 ft²

Average Home Age

95.3 years

Currently For Sale

164 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: 2 days ago
Data Source: MLS PIN, MLS# 73574072

Frequently Asked Questions

When was property at 18 Melvin Avenue built and last sold?
The property at 18 Melvin Avenue was built in 1900 and last sold on Aug 5, 2021 for $375,000.
How much is this home worth?
The estimated value of the home located at 18 Melvin Avenue is $467,285.
What are some comparable homes to 18 Melvin Avenue?
There are currently no comparable homes to 18 Melvin Avenue.
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