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Lynn 01904
18 Richardson Rd
$350,000
● House - Off Market

18 Richardson Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,888 Ft²
$575,460
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

This home has  all the "bells and whistles", new granite kitchen counters, stainless steel appliances, center island with granite counter.  A large mud room opens to kitchen and dinning room, spacious living room with gleaming hardwood floors, skylights and ceiling fans are just some of the extra features. New washer and dryer included in sale. Master bed room has a Jacuzzi tub and separate shower stall.  There is even a 3rd full bath in the basement.  2nd floor has 2 nice size bed rooms and a full bath.  The gas furnace is new.  There is a 2 car garage and fenced in yard to complete this beautiful home. Close to it all... Public transportation, shopping, golf course, beach, restaurants and more..
Unit Size
1,888 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$182
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1938

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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 #71984244)

Price History

Date / Event Date Event Price
Jun 27, 2016 Sold
Premium
Sold
Apr 6, 2016 Listed by Century 21 Tullish & Clancy $344,000
Listed by Century 21 Tullish & Clancy
Oct 14, 2015 Sold
Premium
Sold
Feb 23, 2015 Listed by Century 21 Tullish & Clancy $250,000
Listed by Century 21 Tullish & Clancy
Dec 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 1,176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,741
  • Total Building Area: 1,888
  • Gross Building Area: 3,680
  • Building Area: 1,888
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,888
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:073 B:191 L:021
  • Block: 191
  • Lot: 21
  • Municipality: LYNN
  • Latitude: 42.484
  • Longitude: -70.9602

    Address

  • Full Address: 18 Richardson Rd
  • Address - House Number: 18
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 2502
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,500

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 649,788
  • High Value: 769,638
  • Low Value: 529,938

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,600
  • Assessed Land Value: $197,900
  • Assessed Improvements Value: $366,700

    Sales

  • Current Sale Recording Date: Jun 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 359
  • Previous Sale Recording Date: Oct 14, 2015
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: O
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:

$596,450

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71984244

Frequently Asked Questions

When was property at 18 Richardson Road built and last sold?
The property at 18 Richardson Road was built in 1938 and last sold on Jan 1, 1970 for $350,000.
How much is this home worth?
The estimated value of the home located at 18 Richardson Road is $366,502.
What are some comparable homes to 18 Richardson Road?
There are currently no comparable homes to 18 Richardson Road.
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