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Lynn 01904
20 Lynnmere Avenue
$388,000
● House - Off Market

20 Lynnmere Avenue

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,582 Ft²
$582,497
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Buyer could not obtain their financing, their loss is your gain! Your Search Is Over! Welcome to this 3 Bedroom 1 Bathroom Colonial in desirable Fay Estates neighborhood! Kitchen boasts recessed lighting, tons of cabinet space, dining area, picture window, and access to the back yard. Formal Dining Room is a great place for entertaining! Bright and Sunny Living Room! Second Floor offers 3 Bedrooms with ceiling fans and ample closet space and full bathroom. Plenty of storage space in basement and attic! Basement provides the potential for even more living space!! Exterior features include fenced in backyard with patio, deck, shed, and TWO paved driveways. Close to Parks, Shopping, Restaurants, and More! Don't Miss Out! Make Your Appointment Today!
Unit Size
1,582 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$247
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1920

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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 #72388977)

Price History

Date / Event Date Event Price
Dec 14, 2018 Sold
Premium
Sold
Sep 5, 2018 Listed by Lamacchia Realty, Inc. $389,999
Listed by Lamacchia Realty, Inc.
Nov 9, 1990 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 799
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,500
  • Total Building Area: 1,582
  • Gross Building Area: 2,729
  • Building Area: 1,582
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,582
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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: R1

Geography

  • Parcel: LYNN M:099 B:154 L:008
  • Block: 154
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.489
  • Longitude: -70.942

    Address

  • Full Address: 20 Lynnmere Ave
  • Address - House Number: 20
  • Address - Street Name: Lynnmere
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2026
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $526,900

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 578,048
  • High Value: 681,300
  • Low Value: 474,797

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $500,400
  • Assessed Land Value: $201,700
  • Assessed Improvements Value: $298,700

    Sales

  • Current Sale Contract Date: Dec 14, 2018
  • Current Sale Recording Date: Dec 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181214003680
  • Previous Sale Recording Date: Nov 09, 1990
  • Previous Sale Amount: $130,000
  • 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:

$594,993

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2496 ft²

Average Home Age

97.5 years

Currently For Sale

158 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: 5 months ago
Data Source: MLS PIN, MLS# 72388977

Frequently Asked Questions

When was property at 20 Lynnmere Avenue built and last sold?
The property at 20 Lynnmere Avenue was built in 1920 and last sold on Dec 14, 2018 for $388,000.
How much is this home worth?
The estimated value of the home located at 20 Lynnmere Avenue is $405,830.
What are some comparable homes to 20 Lynnmere Avenue?
There are currently no comparable homes to 20 Lynnmere Avenue.
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