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Lynn 01904
21 Savory St
$188,000
● House - Off Market

21 Savory St

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,041 Ft²
$398,231
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

WATERFRONT PROPERTY LOCATED ON SMALL POND.  WILL NOT QUALIFY FOR CONVENTIONAL FINANCING.  SELLER WILL NOT DEWINTERIZE THE PROPERTY FOR ANY HOME INSPECTIONS.  PROPERTY TO BE SOLD IN AS IS CONDITION.  LIST AGENT HAS VERY LITTLE BACKGROUND OR KNOWLEDGE ABOUT THE HOUSE.  SUBJECT TO THIRD PARTY APPROVALS.  SHORT SALE APPROVAL CAN HAPPEN WITHIN 48 TO 72 HOURS IN MOST CASES.  PLEASE AT LEAST 72 HOURS FOR ALL OFFERS.
Unit Size
1,041 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$220
Property Type
House
Property Taxes
$354
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: 5 months ago (MLSPIN #71800813)

Price History

Date / Event Date Event Price
Jun 28, 2021 Sold
Premium
Sold
Oct 2, 2015 Sold
Premium
Sold
Mar 13, 2015 Listed by LAER Realty Partners $229,000
Listed by LAER Realty Partners
Jul 27, 2001 Sold
Premium
Sold
Feb 27, 2001 Listed by LAER Realty Partners $234,900
Listed by LAER Realty Partners

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 564
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,540
  • Total Building Area: 1,041
  • Gross Building Area: 1,814
  • Building Area: 1,041
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,041
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:075 B:086 L:029
  • Block: 86
  • Lot: 29
  • Municipality: LYNN
  • Latitude: 42.49
  • Longitude: -70.9622

    Address

  • Full Address: 21 Savory St
  • Address - House Number: 21
  • Address - Street Name: Savory
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C026
  • 4-Digit Zip Code: 1824
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $562,500

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 537,034
  • High Value: 639,224
  • Low Value: 434,843

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $534,200
  • Assessed Land Value: $277,000
  • Assessed Improvements Value: $257,200

    Sales

  • Current Sale Contract Date: Jun 28, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210628004150
  • Previous Sale Recording Date: Oct 02, 2015
  • Previous Sale Amount: $188,000
  • 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:

$594,986

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2481 ft²

Average Home Age

97.7 years

Currently For Sale

161 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# 71800813

Frequently Asked Questions

When was property at 21 Savory Street built and last sold?
The property at 21 Savory Street was built in 1900 and last sold on Jun 28, 2021 for $325,000.
How much is this home worth?
The estimated value of the home located at 21 Savory Street is $238,670.
What are some comparable homes to 21 Savory Street?
There are currently no comparable homes to 21 Savory Street.
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