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Lynn 01904
24 Cedar Brook Rd
$291,000
● House - Off Market

24 Cedar Brook Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,032 Ft²
$498,090
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Look no further for your new home in one of Lynn's most sought after locations. This lovely country ranch is perfect for the first time buyer or someone looking to down size. It offers 3 bed rooms, hardwood floors, and a fully appliance kitchen. The living room has a fireplace and picture window which allows lots of light. Plenty of closets and a full basement that is partially finished. There is a beautiful fenced in yard and off street parking. Dead end street, close to bus line and easy access to route 1,128 and 95. Offers to be in by 5:00 on 1/24/17
Unit Size
1,032 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$300
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1955

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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 #72109620)

Price History

Date / Event Date Event Price
Mar 30, 2017 Sold
Premium
Sold
Jan 17, 2017 Listed by Century 21 Hughes $309,900
Listed by Century 21 Hughes

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,798
  • Total Building Area: 1,032
  • Gross Building Area: 2,114
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000133
  • 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:077 B:063 L:006
  • Block: 63
  • Lot: 6
  • Municipality: LYNN
  • Latitude: 42.4984
  • Longitude: -70.9698

    Address

  • Full Address: 24 Cedar Brook Rd
  • Address - House Number: 24
  • Address - Street Name: Cedar Brook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C043
  • 4-Digit Zip Code: 1338
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $533,600

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 512,033
  • High Value: 643,443
  • Low Value: 380,623

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,700
  • Assessed Land Value: $208,100
  • Assessed Improvements Value: $298,600

    Sales

  • Current Sale Recording Date: Mar 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 232
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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72109620

Frequently Asked Questions

When was property at 24 Cedar Brook Road built and last sold?
The property at 24 Cedar Brook Road was built in 1955 and last sold on Jan 1, 1970 for $291,000.
How much is this home worth?
The estimated value of the home located at 24 Cedar Brook Road is $316,396.
What are some comparable homes to 24 Cedar Brook Road?
There are currently no comparable homes to 24 Cedar Brook Road.
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