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Lynn 01902
221 Eastern Avenue
Photo of 221 Eastern Avenue
Sold on Jul 8, 2025

33

Map

Photo of 221 Eastern Avenue
Photo of 221 Eastern Avenue
$630,000
● House - Off Market

221 Eastern Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,316 Ft²
$3,313
Est. Monthly
5.94%
Cap Rate

About This Property

Welcome to 221 Eastern Ave, Lynn - a beloved Old-Style New England home that blends historic charm with modern updates. This classic residence offers the sturdy craftsmanship and timeless layout that make early 20th-century homes so desirable. With new siding and a welcoming front porch, the exterior offers great curb appeal, while the interior showcases an updated kitchen, 200-amp electrical service, and a newer heating system for today's comfort and convenience. The owner-measured living space totals 1,316.34 sq ft, providing generous room across 3 bedrooms and 1 bath. Plus, enjoy bonus space in the unfinished basement-ideal for storage or future expansion. Whether you're a first-time buyer or looking for a home with character and substance, this charming property is not to be missed!
Unit Size
1,316 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$452
Property Type
House
Property Taxes
$391
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: 2 years ago (MLSPIN #73377478)

Price History

Date / Event Date Event Price
Jul 8, 2025 Sold
Premium
Sold
Jun 5, 2025 In contract -
In contract
May 19, 2025 Listed $595,000
Listed

Property Highlights

Parking Available
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: 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: 655
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,119
  • Total Building Area: 1,104
  • Gross Building Area: 2,085
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HENRY M DOLAN
  • Land Acres: 0000000095
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:104 B:429 L:050
  • Block: 429
  • Lot: 50
  • Municipality: LYNN
  • Latitude: 42.4739
  • Longitude: -70.9274

    Address

  • Full Address: 221 Eastern Ave
  • Address - House Number: 221
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 1334
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $469,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 502,735
  • High Value: 582,144
  • Low Value: 423,326

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $445,500
  • Assessed Land Value: $178,700
  • Assessed Improvements Value: $266,800
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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

96.1 years

Currently For Sale

151 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: 2 years ago
Data Source: MLS PIN, MLS# 73377478

Frequently Asked Questions

When was property at 221 Eastern Avenue built and last sold?
The property at 221 Eastern Avenue was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 221 Eastern Avenue is $0.
What are some comparable homes to 221 Eastern Avenue?
There are currently no comparable homes to 221 Eastern Avenue.
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