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Saugus 01906 Lynnhurst
229 Fairmount Avenue
$390,000
● House - Off Market

229 Fairmount Avenue

Saugus, MA 01906
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,562 Ft²
$712,605
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Spread out in this 10 room, 5 bedroom Colonial featuring living room with hardwood floors and pellet stove, dining room, updated granite kitchen with maple cabinets and ceramic tile flooring, full bath with laundry, second level offers 4 spacious bedrooms and full bath. Attached 3 room au-pair suite with private entrance living room, eat-in kitchen, full bath with laundry hook-up and bedroom, versatile floor plan allows easy conversion to 2 bedrooms.  Entertainment size covered deck overlooking fenced yard with in-ground pool, two driveways, conveniently located in desirable Lynnhurst area.
Unit Size
2,562 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$168
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1860

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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 #72006106)

Price History

Date / Event Date Event Price
Oct 21, 2016 Sold
Premium
Sold
May 16, 2016 Listed by Carpenito Real Estate, Inc. $429,900
Listed by Carpenito Real Estate, Inc.
Nov 1, 1999 Sold
Premium
Sold
Jul 1, 1999 Listed by Carpenito Real Estate, Inc. $259,900
Listed by Carpenito Real Estate, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,631
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,794
  • Total Building Area: 3,296
  • Gross Building Area: 4,283
  • Building Area: 3,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,296
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 16 PARSONS ST
  • Land Acres: 0000000408
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208302

Zoning

  • Zoning: NA

Geography

  • Account Number: 2860020
  • Parcel: SAUG M:008-G B:0021 L:0010
  • Block: 21
  • Lot: 10
  • Municipality: SAUGUS
  • Latitude: 42.4635
  • Longitude: -70.9909

    Address

  • Full Address: 229 Fairmount Ave
  • Address - House Number: 229
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Saugus
  • Carrier Code: C005
  • 4-Digit Zip Code: 1556
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $781,900

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 639,444
  • High Value: 792,092
  • Low Value: 486,796

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $734,200
  • Assessed Land Value: $352,100
  • Assessed Improvements Value: $382,100

    Sales

  • Current Sale Recording Date: Oct 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 372
  • Previous Sale Recording Date: Nov 01, 1999
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 27
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 Lynnhurst

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$404

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3701 ft²

Average Home Age

30.3 years

Currently For Sale

8 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: 4 months ago
Data Source: MLS PIN, MLS# 72006106

Frequently Asked Questions

When was property at 229 Fairmount Avenue built and last sold?
The property at 229 Fairmount Avenue was built in 1860 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 229 Fairmount Avenue is $429,351.
What are some comparable homes to 229 Fairmount Avenue?
There are currently no comparable homes to 229 Fairmount Avenue.
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