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Lynn 01904
7A-2 Meghan's Way
$80,000
● Land - Off Market

7A-2 Meghan's Way

Lynn, MA 01904
bedrooms
Studio
bathrooms
0 Bath
$263,829
RealtyHop Estimate
76.00%
Since Jul 1, 2005
MA-Boston
Primary Model

About This Property

Buildable 10,263 sq. ft. lot in Ward 1 at an affordable price.  At the top of street Two High End Colonials are in the construction phase.  Some site work needed to clear and level lot.  12" City Water pipe already on street.  Will need to connect to Lynnfield St for Sewers.  Build your dream home or purchase a modular home and possiblely save even more!  City recently changed street name from Standpipe to Meghan's Way.  NO STREET SIGN! Dir: Go 215 feet past Anchor Rd - Right on Meghan's Way
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$87
HOA Dues
-
Year Built
2005

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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 #70122031)

Price History

Date / Event Date Event Price
Jun 20, 2005 Sold
Premium
Sold
Dec 1, 2004 Listed by Posh Properties $149,900
Listed by Posh Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,881
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,403
  • Total Building Area: 4,860
  • Gross Building Area: 9,444
  • Building Area: 4,860
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,860
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 29645 B
  • Land Acres: 0000000422
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:062 B:020 L:020
  • Block: 20
  • Lot: 20
  • Municipality: LYNN
  • Latitude: 42.4992
  • Longitude: -70.9776

    Address

  • Full Address: 2 Meghans Way
  • Address - House Number: 2
  • Address - Street Name: Meghans
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1447
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,385,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1158
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 87
  • Final Value: 1,359,221
  • High Value: 1,516,658
  • Low Value: 1,201,783

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,315,800
  • Assessed Land Value: $209,400
  • Assessed Improvements Value: $1,106,400

    Sales

  • Current Sale Recording Date: Oct 21, 2004
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 21, 2004
  • Previous Sale Document Type: 48
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 years ago
Data Source: MLS PIN, MLS# 70122031

Frequently Asked Questions

When was property at 2 Meghan's Way built and last sold?
The property at 2 Meghan's Way was built in 2005 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Meghan's Way is $0.
What are some comparable homes to 2 Meghan's Way?
There are currently no comparable homes to 2 Meghan's Way.
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