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Lynn 01905
2 River Street Pl
$530,000
● House - Off Market

2 River Street Pl

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,170 Ft²
$507,029
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Incredible single-family in Lynn! Completely re-done with quality materials and workmanship. Perfect commuter location tucked off of route 107 near GE Aviation in a quiet neighborhood, located on the corner of a dead-end street steps to the Rumney Marshes. The first floor features a cozy enclosed porch, spacious living and dining rooms, and a completely redone kitchen and full bathroom. The top floor features the master bedroom, second bedroom and another completely redone bathroom, as well as pull down attic access. Spacious basement with laundry area and lots of space for storage, and a bulk-head for walk-out access. Garage features workshop space and offers plenty of additional storage. This is your chance to get into the red hot Lynn market before its too late!
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$427
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1880

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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 #72978511)

Price History

Date / Event Date Event Price
Jun 22, 2022 Sold
Premium
Sold
May 9, 2022 Listed by Red Tree Real Estate $499,000
Listed by Red Tree Real Estate
Jun 15, 2020 Sold
Premium
Sold
Apr 23, 2020 Listed by Red Tree Real Estate $335,000
Listed by Red Tree Real Estate
Nov 25, 2013 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 708
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,800
  • Total Building Area: 1,170
  • Gross Building Area: 2,226
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000064
  • 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: 205800

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:019 B:304 L:010
  • Block: 304
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4549
  • Longitude: -70.9769

    Address

  • Full Address: 2 River Street Pl
  • Address - House Number: 2
  • Address - Street Name: River Street
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2617
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.225
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 537,148
  • High Value: 665,244
  • Low Value: 409,052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $462,500
  • Assessed Land Value: $176,300
  • Assessed Improvements Value: $286,200

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: Jun 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220622000590
  • Previous Sale Recording Date: Jun 15, 2020
  • Previous Sale Contract Date: Jun 03, 2020
  • Previous Sale Amount: $335,000
  • 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:

$592,493

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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# 72978511

Frequently Asked Questions

When was property at 2 River Street Place built and last sold?
The property at 2 River Street Place was built in 1880 and last sold on May 26, 2022 for $530,000.
How much is this home worth?
The estimated value of the home located at 2 River Street Place is $496,754.
What are some comparable homes to 2 River Street Place?
There are currently no comparable homes to 2 River Street Place.
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