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Lynn 01902
20 Bruce Pl
$460,000
● House - Off Market

20 Bruce Pl

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,890 Ft²
$593,210
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Welcome to this recently updated 4 bedroom 2 bath Colonial.  First floor offers an updated eat in kitchen with plenty of cabinetry.  Adjacent to a full size dining room with custom built in hutch.  Living Room sits in front of home.  Full bath and one bedroom with walk in closet.  Along with an updated full bath the Second floor offers 3 large bedrooms.  One bedroom has two closets, one of the closets large enough to be used as an office.   Level fenced in yard to enjoy with a exterior deck and a Screened in Porch.  Parking for 4 cars off street.  Close to public transportation, shopping, schools and library.    There will be an in person open house May 30 & 31st Saturday & Sunday 12:00-1:30pm.  One party at a time, Masks & gloves will be required for all buyers & agents.
Unit Size
1,890 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$233
Property Type
House
Property Taxes
$350
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: 4 months ago (MLSPIN #72662648)

Price History

Date / Event Date Event Price
Jul 13, 2020 Sold
Premium
Sold
May 27, 2020 Listed by ERA Key Realty Services $439,900
Listed by ERA Key Realty Services
Jan 2, 1998 Sold
Premium
Sold
Sep 23, 1997 Listed $109,900
Listed
LARGE 4 BEDROOM COLONIAL! MODERN KITCHEN! YARD PLUS PARKING. MODERN KITCHEN & BATHS! QUIET DEAD END STREET.
Jul 14, 1989 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • 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: 1,089
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,211
  • Total Building Area: 1,890
  • Gross Building Area: 3,542
  • Building Area: 1,890
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,890
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000097
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:516 L:040
  • Block: 516
  • Lot: 40
  • Municipality: LYNN
  • Latitude: 42.4693
  • Longitude: -70.9344

    Address

  • Full Address: 20 Bruce Pl
  • Address - House Number: 20
  • Address - Street Name: Bruce
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C031
  • 4-Digit Zip Code: 2313
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $541,000

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 632,008
  • High Value: 783,106
  • Low Value: 480,910

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $513,800
  • Assessed Land Value: $163,700
  • Assessed Improvements Value: $350,100

    Sales

  • Current Sale Contract Date: Jun 25, 2020
  • Current Sale Recording Date: Jul 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200713005090
  • Previous Sale Recording Date: Jul 14, 1989
  • Previous Sale Amount: $93,750
  • 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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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 months ago
Data Source: MLS PIN, MLS# 72662648

Frequently Asked Questions

When was property at 20 Bruce Place built and last sold?
The property at 20 Bruce Place was built in 1900 and last sold on Jun 25, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 20 Bruce Place is $456,332.
What are some comparable homes to 20 Bruce Place?
There are currently no comparable homes to 20 Bruce Place.
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