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Lynn 01904
22 Ritchie Rd
$645,000
● House - Off Market

22 Ritchie Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,742 Ft²
$573,842
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Welcome home to 22 Ritchie Road!!!  This charming 3-bedroom, 1-bath gem is a perfect blend of comfort and modern amenities. The newer roof, windows, and hot water heater ensure worry-free living. Step into the backyard oasis with an inground heated pool, perfect for endless summer fun. Stay cool indoors with central air throughout.The kitchen boasts sleek stainless steel appliances and  hardwood floors add a touch of elegance to the entire home. Need extra space? The finished basement offers endless possibilities, from a home office to a playroom or gym.Conveniently park your car in the 1-car garage. Located in a sought-after neighborhood, this home offers easy access to highways and shopping. Don't miss this fantastic opportunity to own this beautiful cape.   Schedule your showing today!
Unit Size
1,742 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$333
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1949

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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 #73139861)

Price History

Date / Event Date Event Price
Sep 1, 2023 Sold
Premium
Sold
Aug 4, 2023 In contract -
In contract
Jul 24, 2023 Listed by Leading Edge Real Estate $579,900
Listed by Leading Edge Real Estate
Jul 30, 2010 Sold
Premium
Sold
Dec 2, 1988 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,872
  • Total Building Area: 1,205
  • Gross Building Area: 2,697
  • Building Area: 1,205
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,205
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:064 B:047 L:004
  • Block: 47
  • Lot: 4
  • Municipality: LYNN
  • Latitude: 42.509
  • Longitude: -70.9842

    Address

  • Full Address: 22 Ritchie Rd
  • Address - House Number: 22
  • Address - Street Name: Ritchie
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1124
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $599,600

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 620,427
  • High Value: 731,248
  • Low Value: 509,606

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $569,400
  • Assessed Land Value: $204,200
  • Assessed Improvements Value: $365,200

    Sales

  • Current Sale Contract Date: Sep 01, 2023
  • Current Sale Recording Date: Sep 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 646458
  • Previous Sale Recording Date: Jul 30, 2010
  • Previous Sale Amount: $287,600
  • Previous Sale Document Type: 48
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:

$597,950

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 years

Currently For Sale

163 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73139861

Frequently Asked Questions

When was property at 22 Ritchie Road built and last sold?
The property at 22 Ritchie Road was built in 1949 and last sold on Sep 1, 2023 for $645,000.
How much is this home worth?
The estimated value of the home located at 22 Ritchie Road is $596,021.
What are some comparable homes to 22 Ritchie Road?
There are currently no comparable homes to 22 Ritchie Road.
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