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Lynn 01905
22 Tower Ave
$490,000
● House - Off Market

22 Tower Ave

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,240 Ft²
$526,756
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Available for Sale - Single family home in move-in condition with a newer kitchen and bathroom.  Property located directly off Boston Street and close to the Saugus line.  Backyard with rear yard storage shed.  Best of all the site affords 3 tandem off-street parking spaces.  Real hardwood floors throughout with steam heat and oil furnace.  A total of 7 rooms with 3 bedrooms and 1 full bath for a finished living area of 1,240 sf. Property is easy to show.
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$395
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1880

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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 #73037669)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Oct 25, 2022 In contract -
In contract
Sep 16, 2022 Listed by Stephen Cefalo Real Estate $489,900
Listed by Stephen Cefalo Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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: 791
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,662
  • Total Building Area: 1,240
  • Gross Building Area: 2,342
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000084
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:021 B:289 L:069
  • Block: 289
  • Lot: 69
  • Municipality: LYNN
  • Latitude: 42.4625
  • Longitude: -70.9786

    Address

  • Full Address: 22 Tower Ave
  • Address - House Number: 22
  • Address - Street Name: Tower
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C014
  • 4-Digit Zip Code: 1915
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $495,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 530,575
  • High Value: 649,578
  • Low Value: 411,572

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $470,100
  • Assessed Land Value: $178,800
  • Assessed Improvements Value: $291,300

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221209001620
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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 73037669

Frequently Asked Questions

When was property at 22 Tower Avenue built and last sold?
The property at 22 Tower Avenue was built in 1880 and last sold on Dec 9, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 22 Tower Avenue is $495,219.
What are some comparable homes to 22 Tower Avenue?
There are currently no comparable homes to 22 Tower Avenue.
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