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Lynn 01904
2 Brooklawn Terrace
Photo of 2 Brooklawn Terrace
Sold on Mar 20, 2006

1

Map

$251,500
● House - Off Market

2 Brooklawn Terrace

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,290 Ft²
$430,784
RealtyHop Estimate
80.24%
Since Apr 1, 2006
MA-Boston
Primary Model

About This Property

MUST SELL......WONDERFUL HOME IN NEED OF LOVING OWNER! HARDWOOD FLOORS, BEAMED CEILINGS, FIREPLACED LIVING ROOM, BUILT-INS IN DINING ROOM, SUNPORCH, UPDATED KITCHEN, WALK-UP ATTIC FOR AWESOME EXPANSION. A LITTLE TLC IS ALL IT NEEDS. DON'T MISS OUT ON A REAL GEM IN A GREAT, CONVENIENT AREA. GREAT PROPERTY FOR THE "NEHEMIAH" GIFTED DOWNPAYMENT PROGRAM! 100% FINANCING AVAILABLE FOR QUALIFIED BUYERS!EASY TO SHOW- ON COMBO LOCKBOX
Unit Size
1,290 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$185
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1930

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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: 6 months ago (MLSPIN #70333737)

Price History

Date / Event Date Event Price
Mar 20, 2006 Sold
Premium
Sold
Feb 18, 2006 Listed $239,000
Listed
Apr 19, 1996 Sold
Premium
Sold
Jun 30, 1995 Listed $99,900
Listed
WALK-UP ATTIC WALK UP ATTIC

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 600
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,031
  • Total Building Area: 1,260
  • Gross Building Area: 2,645
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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: 205100

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:098 B:163 L:039
  • Block: 163
  • Lot: 39
  • Municipality: LYNN
  • Latitude: 42.4831
  • Longitude: -70.9437

    Address

  • Full Address: 2 Brooklawn Ter
  • Address - House Number: 2
  • Address - Street Name: Brooklawn
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C039
  • 4-Digit Zip Code: 2407
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $444,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 483,526
  • High Value: 572,085
  • Low Value: 394,967

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,300
  • Assessed Land Value: $184,200
  • Assessed Improvements Value: $238,100

    Sales

  • Current Sale Recording Date: Sep 06, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180906000430
  • Previous Sale Recording Date: Mar 20, 2006
  • Previous Sale Amount: $251,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$598,450

Sale Price/ft²

$371

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2417 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70333737

Frequently Asked Questions

When was property at 2 Brooklawn Terrace built and last sold?
The property at 2 Brooklawn Terrace was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Brooklawn Terrace is $256,129.
What are some comparable homes to 2 Brooklawn Terrace?
There are currently no comparable homes to 2 Brooklawn Terrace.
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