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Lynn 01904
23 Flax Pond Rd.
$455,000
● House - Off Market

23 Flax Pond Rd.

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,746 Ft²
$684,820
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

Enjoy waterfront living from this 3 bedroom Garrison Colonial on Flax Pond! Activities abound all year on the pond with sailing, kayaking, fishing and ice skating. Spacious fireplaced living room has a large picture window framing the beautiful pond views. Large dining room opens to a screened porch to enjoy those summer evenings by the water. The home features a first floor home office with pond views for those work-at-home days. Hardwood floors throughout the home and granite counters in the eat-in kitchen. Detached one-car garage includes workshop or garden shed. Convenient to shops, restaurants and public transportation.
Unit Size
1,746 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$274
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1937

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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 months ago (MLSPIN #72584009)

Price History

Date / Event Date Event Price
Dec 10, 2019 Sold
Premium
Sold
Oct 19, 2019 Listed by Sagan Harborside Sotheby's International Realty $479,000
Listed by Sagan Harborside Sotheby's International Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 784
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,587
  • Total Building Area: 1,746
  • Gross Building Area: 3,450
  • Building Area: 1,746
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,746
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000105
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:086 B:171 L:001
  • Block: 171
  • Lot: 1
  • Municipality: LYNN
  • Latitude: 42.4811
  • Longitude: -70.9503

    Address

  • Full Address: 23 Flax Pond Rd
  • Address - House Number: 23
  • Address - Street Name: Flax Pond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C025
  • 4-Digit Zip Code: 2618
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $615,900

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 647,969
  • High Value: 761,723
  • Low Value: 534,216

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,900
  • Assessed Land Value: $243,400
  • Assessed Improvements Value: $341,500

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Dec 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 608063
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 months ago
Data Source: MLS PIN, MLS# 72584009

Frequently Asked Questions

When was property at 23 Flax Pond Road built and last sold?
The property at 23 Flax Pond Road was built in 1937 and last sold on Nov 22, 2019 for $455,000.
How much is this home worth?
The estimated value of the home located at 23 Flax Pond Road is $492,982.
What are some comparable homes to 23 Flax Pond Road?
There are currently no comparable homes to 23 Flax Pond Road.
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