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Lynn 01904
23 Alison Way
$570,000
● House - Off Market

23 Alison Way

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,638 Ft²
$610,221
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Spacious Ward 1 Cape featuring 6 rooms, 3 bedrooms and 1 3/4 baths.  This amazing home built in 1994, features an open and spacious 1st floor with a large living room, eat in kitchen and 3/4 bath.  The second floor consists of 3 bedrooms, skylights and a full bath.  Large open basement with high ceilings just waiting to be finished. The outside is bright and colorful with all types of flower ready to bloom, composite front stairs and back porch, patio and an oversized one car under garage.  Get close to nature with visits from deer and bunnies in your beautiful and floral backyard.  Showing Start at OH May 8th 9:00am-11:30am & May 9th 2pm-4:30pm.  Offers due Monday May 10th at 5pm.
Unit Size
1,638 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$324
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1994

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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 years ago (MLSPIN #72825702)

Price History

Date / Event Date Event Price
Jun 21, 2021 Sold
Premium
Sold
May 5, 2021 Listed by William Raveis R.E. & Home Services $529,900
Listed by William Raveis R.E. & Home Services
Apr 22, 1994 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 572
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,033
  • Total Building Area: 1,638
  • Gross Building Area: 3,181
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:061 B:021 L:050
  • Block: 21
  • Lot: 50
  • Municipality: LYNN
  • Latitude: 42.4986
  • Longitude: -70.9763

    Address

  • Full Address: 23 Alison Way
  • Address - House Number: 23
  • Address - Street Name: Alison
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1442
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $615,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 671,178
  • High Value: 777,800
  • Low Value: 564,555

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,600
  • Assessed Land Value: $187,100
  • Assessed Improvements Value: $397,500

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jun 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210621005250
  • Previous Sale Recording Date: Apr 22, 1994
  • Previous Sale Amount: $158,000
  • 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 Lynn

Stats & Trends

Median Asking:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72825702

Frequently Asked Questions

When was property at 23 Alison Way built and last sold?
The property at 23 Alison Way was built in 1994 and last sold on Jun 21, 2021 for $570,000.
How much is this home worth?
The estimated value of the home located at 23 Alison Way is $0.
What are some comparable homes to 23 Alison Way?
There are currently no comparable homes to 23 Alison Way.
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