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Lynn 01905
20 Gateway Lane
$307,000
● House - Off Market

20 Gateway Lane

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,031 Ft²
$491,401
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

All ready for YOU to move right into this 3 Bedroom Ranch with spacious living room, eat-in-kitchen, and beautiful hardwood floors.  This remarkable house features kitchen with new stainless appliances, granite counter tops, spacious basement space for future family room and private two level fenced backyard.  Amazing family neighborhood near Lynn Woods and on the Saugus Line.   First Open House Saturday, October 8th and Sunday, October 9th from 12-2:00 p.m.  All offers due by Monday, October 10th at 5:00 p.m.
Unit Size
1,031 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$290
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1956

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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 #72076892)

Price History

Date / Event Date Event Price
Dec 5, 2016 Sold
Premium
Sold
Oct 4, 2016 Listed by Jonah REALTORS® $299,000
Listed by Jonah REALTORS®
Jun 9, 2014 Sold
Premium
Sold
Apr 10, 2014 Listed by Jonah REALTORS® $239,900
Listed by Jonah REALTORS®
Mar 5, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,031
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,641
  • Total Building Area: 1,031
  • Gross Building Area: 2,111
  • Building Area: 1,031
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,031
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:385 L:006
  • Block: 385
  • Lot: 6
  • Municipality: LYNN
  • Latitude: 42.4735
  • Longitude: -70.9839

    Address

  • Full Address: 20 Gateway Ln
  • Address - House Number: 20
  • Address - Street Name: Gateway
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1056
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,700

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 552,917
  • High Value: 647,673
  • Low Value: 458,161

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $463,200
  • Assessed Land Value: $208,400
  • Assessed Improvements Value: $254,800

    Sales

  • Current Sale Contract Date: Dec 05, 2016
  • Current Sale Recording Date: Dec 05, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 577882
  • Previous Sale Recording Date: Jun 09, 2014
  • Previous Sale Amount: $235,000
  • 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:

$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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72076892

Frequently Asked Questions

When was property at 20 Gateway Lane built and last sold?
The property at 20 Gateway Lane was built in 1956 and last sold on Dec 5, 2016 for $307,000.
How much is this home worth?
The estimated value of the home located at 20 Gateway Lane is $305,284.
What are some comparable homes to 20 Gateway Lane?
There are currently no comparable homes to 20 Gateway Lane.
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