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Lynn 01904
19 Lake Avenue
$635,000
● House - Off Market

19 Lake Avenue

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,454 Ft²
$615,221
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Remarks: Owner Occupants, Investors, & Savvy Buyers take notice of this Colonial home with period details including 9' beamed ceilings, crown moldings, hardwood floors and lots of natural sunlight. Located in the Flax Pond area with close proximity to shops and schools. Opportunities abound in this move-in ready property. Leverage the current setup with in-law apartment on second floor, or possibly convert back to a 2-family. Nice double lot with large back yard, mature trees and stone patio area also a charming enclosed sunroom adjacent to garage perfect for outdoor dining or entertaining. Enormous basement & unfinished attic space for storage or conversion to additional living space. Property is being offered AS IS. Property is currently Contingent.
Unit Size
2,454 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$224
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
1882

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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 years ago (MLSPIN #72923301)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Nov 29, 2021 Listed by Keller Williams Elite $549,000
Listed by Keller Williams Elite
Jun 22, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1882
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • 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: 1,036
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,568
  • Total Building Area: 1,995
  • Gross Building Area: 3,434
  • Building Area: 1,995
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,995
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • 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: R2

Geography

  • Parcel: LYNN M:086 B:168 L:002
  • Block: 168
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4807
  • Longitude: -70.9482

    Address

  • Full Address: 19 Lake Ave
  • Address - House Number: 19
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C025
  • 4-Digit Zip Code: 2729
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $621,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2129
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 657,054
  • High Value: 797,131
  • Low Value: 516,976

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $590,100
  • Assessed Land Value: $197,900
  • Assessed Improvements Value: $392,200

    Sales

  • Current Sale Contract Date: Dec 28, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211229002850
  • Previous Sale Recording Date: Jun 22, 1992
  • Previous Sale Amount: $25,000
  • 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

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2424 ft²

Average Home Age

96 years

Currently For Sale

148 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 years ago
Data Source: MLS PIN, MLS# 72923301

Frequently Asked Questions

When was property at 19 Lake Avenue built and last sold?
The property at 19 Lake Avenue was built in 1882 and last sold on Dec 28, 2021 for $635,000.
How much is this home worth?
The estimated value of the home located at 19 Lake Avenue is $0.
What are some comparable homes to 19 Lake Avenue?
There are currently no comparable homes to 19 Lake Avenue.
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