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Lynn 01902
18 Pattys Way
$306,000
● House - Off Market

18 Pattys Way

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,428 Ft²
$536,724
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

GREAT  GARRISON  COLONIAL  ON   QUIET  DEAD  END  STREET  -  MANY   RECENT  UPDATES  /   KITCHEN  /  FLOORS  /  ROOF  /  DECK  /  HOT  WATER  TANK   -   3  VERY GOOD  SIZE  BEDROOMS  -   OPEN  CONCEPT  FIRST  FLOOR  -   HUGE  LOWER  LEVEL  FAMILY  ROOM  -   FINISHED  LOWER  LEVEL  HAS   EXCELLENT    EXTENDED  FAMILY  LIVING  POTENTIAL
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$223
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1984

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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 years ago (MLSPIN #71968722)

Price History

Date / Event Date Event Price
May 25, 2016 Sold
Premium
Sold
Mar 8, 2016 Listed by Century 21 North East $319,000
Listed by Century 21 North East
Dec 28, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • 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: 5
  • 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: 700
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,635
  • Total Building Area: 1,428
  • Gross Building Area: 2,284
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000083
  • 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:045
  • Block: 519
  • Lot: 45
  • Municipality: LYNN
  • Latitude: 42.4658
  • Longitude: -70.9342

    Address

  • Full Address: 18 Pattys Way
  • Address - House Number: 18
  • Address - Street Name: Pattys
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynn
  • Carrier Code: C051
  • 4-Digit Zip Code: 2435
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $560,200

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 593,882
  • High Value: 702,929
  • Low Value: 484,835

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,000
  • Assessed Land Value: $167,000
  • Assessed Improvements Value: $365,000

    Sales

  • Current Sale Recording Date: May 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 474
  • Previous Sale Recording Date: Dec 28, 1995
  • Previous Sale Amount: $92,000
  • 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 years ago
Data Source: MLS PIN, MLS# 71968722

Frequently Asked Questions

When was property at 18 Patty's Way built and last sold?
The property at 18 Patty's Way was built in 1984 and last sold on Jan 1, 1970 for $306,000.
How much is this home worth?
The estimated value of the home located at 18 Patty's Way is $0.
What are some comparable homes to 18 Patty's Way?
There are currently no comparable homes to 18 Patty's Way.
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