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Lynn 01902
207 Ocean St
$287,500
● House - Off Market

207 Ocean St

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,053 Ft²
$570,623
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

HUGE PRICE REDUCTION!!!! A Diamond in the District!!! Just a short walk distance to the Beach!!! Enjoy the charm of an older home with today's luxuries!!! This home features 2,000+ square feet of living space, 4 beds, 2 baths, 2 car garage;  HUGE Master Bedroom. Beautiful Kitchen with Granite countertops and Samsung Stainless Steel Appliances. Dual Zone New Gas Heating System & much more!! BEST DEAL IN TOWN UNDER $300K
Unit Size
2,053 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$146
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1890

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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 #71509798)

Price History

Date / Event Date Event Price
Jul 30, 2013 Sold
Premium
Sold
Apr 16, 2013 Listed by Re-Bound Properties $299,900
Listed by Re-Bound Properties
Dec 13, 2012 Sold
Premium
Sold
Sep 20, 2012 Listed by Re-Bound Properties $160,000
Listed by Re-Bound Properties

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 968
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,001
  • Total Building Area: 2,030
  • Gross Building Area: 3,863
  • Building Area: 2,030
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,030
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDITH RISMAN
  • Land Acres: 0000000092
  • 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: 206700

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:093 B:570 L:017
  • Block: 570
  • Lot: 17
  • Municipality: LYNN
  • Latitude: 42.4627
  • Longitude: -70.932

    Address

  • Full Address: 207 Ocean St
  • Address - House Number: 207
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C032
  • 4-Digit Zip Code: 3145
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $689,600

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 643,950
  • High Value: 797,903
  • Low Value: 489,996

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $654,900
  • Assessed Land Value: $202,800
  • Assessed Improvements Value: $452,100

    Sales

  • Current Sale Recording Date: Jul 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1275
  • Previous Sale Recording Date: Dec 13, 2012
  • Previous Sale Amount: $144,681
  • 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# 71509798

Frequently Asked Questions

When was property at 207 Ocean Street built and last sold?
The property at 207 Ocean Street was built in 1890 and last sold on Jan 1, 1970 for $287,500.
How much is this home worth?
The estimated value of the home located at 207 Ocean Street is $319,968.
What are some comparable homes to 207 Ocean Street?
There are currently no comparable homes to 207 Ocean Street.
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