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Lynn 01905
23 Glen Ave
$550,000
● House - Off Market

23 Glen Ave

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,339 Ft²
$569,408
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

This is a wonderful opportunity to own a turnkey property close to the highway and adjacent to a quiet entrance to Lynn Woods. This 3 or 4 bedroom, 2 bath home features many updates over the past 10 years including, roof, boiler, flooring, baths, 1st floor windows, gutters, insulation and more. You will appreciate the character and warmth of the home from the fireplaced living room to the large, finished, basement - a perfect family room area. The fenced backyard provides great space for the kids, dogs or any outdoor activities. This home provides a "ready to move in" opportunity.
Unit Size
1,339 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$400
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1951

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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 #73032687)

Price History

Date / Event Date Event Price
Oct 31, 2022 Sold
Premium
Sold
Sep 27, 2022 In contract -
In contract
Sep 27, 2022 Price Decreased $535,900
↓ $14K (2.6%)
Price Decreased
Sep 27, 2022 Relisted $215,000
Relisted
Sep 27, 2022 Price Increased $549,900
↑ $335K (155.8%)
Price Increased
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 2
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,339
  • Gross Building Area: 2,912
  • Building Area: 1,339
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,339
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:388 L:007
  • Block: 388
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4761
  • Longitude: -70.9848

    Address

  • Full Address: 23 Glen Ave
  • Address - House Number: 23
  • Address - Street Name: Glen
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1001
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $556,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 609,346
  • High Value: 719,800
  • Low Value: 498,892

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,900
  • Assessed Land Value: $199,100
  • Assessed Improvements Value: $329,800

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Oct 31, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221031004660
  • Previous Sale Recording Date: Nov 05, 2012
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: O
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:

$597,950

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

95.9 years

Currently For Sale

162 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: 5 months ago
Data Source: MLS PIN, MLS# 73032687

Frequently Asked Questions

When was property at 23 Glen Avenue built and last sold?
The property at 23 Glen Avenue was built in 1951 and last sold on Oct 31, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 23 Glen Avenue is $534,244.
What are some comparable homes to 23 Glen Avenue?
There are currently no comparable homes to 23 Glen Avenue.
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