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Lynn 01902
19 Merrill Avenue
$367,500
● House - Off Market

19 Merrill Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,401 Ft²
$481,106
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

Loaded with charm, this three bedroom, one and half bath home- with eat in kitchen, dining room, living room, sunroom/porch, and one car garage- is definitely the one you've been waiting for! A mere five minute walk to the ocean, a ten-fifteen minute walk to the commuter rail, bus stop at one end of the street and Kiley Playground at the other will allow for a wonderful work-life balance in fabulous seaside Lynn, just ten miles up the coast from Boston and Logan Airport. Updates in the last ten years include fully updated electric, conversion to gas heating system, most windows replaced, and the main roof was replaced last month. Welcome home! Showings at Open Houses this Saturday and Sunday from 11:00-1:00. Final and best offers due by noon on Monday July 23rd.
Unit Size
1,401 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$232
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1900

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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 #72364802)

Price History

Date / Event Date Event Price
Aug 27, 2018 Sold
Premium
Sold
Jul 18, 2018 Listed by J. Barrett & Company $325,000
Listed by J. Barrett & Company
Jun 30, 2008 Sold
Premium
Sold
Sep 20, 2007 Listed by J. Barrett & Company $259,900
Listed by J. Barrett & Company
Apr 30, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 726
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,704
  • Total Building Area: 1,290
  • Gross Building Area: 2,203
  • Building Area: 1,290
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,290
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000062
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:545 L:019
  • Block: 545
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.4674
  • Longitude: -70.9269

    Address

  • Full Address: 19 Merrill Ave
  • Address - House Number: 19
  • Address - Street Name: Merrill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1917
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $507,700

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 541,319
  • High Value: 640,714
  • Low Value: 441,923

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $482,100
  • Assessed Land Value: $170,900
  • Assessed Improvements Value: $311,200

    Sales

  • Current Sale Recording Date: Aug 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180827002440
  • Previous Sale Recording Date: Jun 30, 2008
  • Previous Sale Amount: $247,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

97.7 years

Currently For Sale

163 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: 5 months ago
Data Source: MLS PIN, MLS# 72364802

Frequently Asked Questions

When was property at 19 Merrill Avenue built and last sold?
The property at 19 Merrill Avenue was built in 1900 and last sold on Jan 1, 1970 for $367,500.
How much is this home worth?
The estimated value of the home located at 19 Merrill Avenue is $338,757.
What are some comparable homes to 19 Merrill Avenue?
There are currently no comparable homes to 19 Merrill Avenue.
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