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Lynn 01902
235 Ocean Street
$630,000
● House - Off Market

235 Ocean Street

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,746 Ft²
$1,057,299
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model

About This Property

CLASSIC CENTER ENTRANCE BRICK COLONIAL RESIDENCE. Well located in the Diamond District with a short stroll to the shore and sandy beach. Period features include grand entry foyer, rich hardwoods, tall ceilings, period moldings, generous formal dining and fireplaced living rooms. Fabulous upgraded granite and stainless eat-in kitchen with spacious pantry offering custom built-ins (Gaggeneau  & Viking). Expansive master bedroom suite with loads of closet space. Large master bath. Additional family rooms on 1st and 3rd levels. 4 bedrooms and 3.5 baths offer wonderful family and guest areas. Heat, hot water and electric updated. Gas utilities. 17,000+ sq.ft. lot includes inground swimming pool, 2 car garage, level yard and garden areas. Large full size basement with good ceiling height offers great storage.
Unit Size
3,746 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$180
Property Type
House
Property Taxes
$739
HOA Dues
-
Year Built
1924

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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 #72121373)

Price History

Date / Event Date Event Price
Jun 22, 2017 Sold
Premium
Sold
Feb 21, 2017 Listed by William Raveis R.E. & Home Services $675,000
Listed by William Raveis R.E. & Home Services
Aug 18, 2003 Sold
Premium
Sold
Jun 6, 2003 Listed by William Raveis R.E. & Home Services $699,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,472
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,075
  • Total Building Area: 3,746
  • Gross Building Area: 6,502
  • Building Area: 3,746
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,746
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000392
  • 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: 206700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:081 B:577 L:010
  • Block: 577
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4619
  • Longitude: -70.9339

    Address

  • Full Address: 235 Ocean St
  • Address - House Number: 235
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C015
  • 4-Digit Zip Code: 3269
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,071,700

    Appraisal Valuation

  • Standard Deviation: 0.1571
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,021,380
  • High Value: 1,181,744
  • Low Value: 861,016

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,017,800
  • Assessed Land Value: $239,000
  • Assessed Improvements Value: $778,800

    Sales

  • Current Sale Recording Date: Jun 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 134
  • Previous Sale Recording Date: Aug 18, 2003
  • Previous Sale Amount: $668,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 years

Currently For Sale

156 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: 4 months ago
Data Source: MLS PIN, MLS# 72121373

Frequently Asked Questions

When was property at 235 Ocean Street built and last sold?
The property at 235 Ocean Street was built in 1924 and last sold on Jan 1, 1970 for $630,000.
How much is this home worth?
The estimated value of the home located at 235 Ocean Street is $708,143.
What are some comparable homes to 235 Ocean Street?
There are currently no comparable homes to 235 Ocean Street.
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