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Lynn 01904
24 Forest Hill
$470,000
● House - Off Market

24 Forest Hill

Lynn, MA 01904
bedrooms
7 Beds
bathrooms
3 Baths
square feet
2,940 Ft²
$671,810
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

PINE HILL! *****THIS HOME IS HUGE!!!***** PERFECT FOR A COMBINED OR VERY LARGE FAMILY FEATURING 7 BEDROOMS AND 3 FULL BATHROOMS. HOME IS IN GREAT SHAPE WITH HARDWOOD FLOORS THROUGHOUT, BRAND NEW ROOF AND UPDATED 200 AMP ELECTRICAL. 3RD FLOOR FEATURES MASTER BEDROOM WITH LIVING ROOM AND FULL BATH, MAY ALSO BE USED AS TEENAGE SUITE. THIS LOCATION IS NEAR PARKS, BUS STOPS AND HAS GREAT VIEWS OF THE CITY FROM THE REAR DECK. HOME ALSO FEATURES ENCLOSED PORCH AND A ONE CAR GARAGE! THIS IS A RARE OFFERING, SEE OPEN HOUSE TIMES!
Unit Size
2,940 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$160
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #72569341)

Price History

Date / Event Date Event Price
Dec 6, 2019 Sold
Premium
Sold
Sep 23, 2019 Listed by Century 21 North East $469,900
Listed by Century 21 North East
Dec 4, 2015 Sold
Premium
Sold
Sep 22, 2015 Listed by Century 21 North East $269,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 560
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,108
  • Total Building Area: 2,340
  • Gross Building Area: 3,889
  • Building Area: 2,340
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,340
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000140
  • 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: 205500

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:055 B:204 L:002
  • Block: 204
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4724
  • Longitude: -70.9629

    Address

  • Full Address: 24 Forest Hill Ave
  • Address - House Number: 24
  • Address - Street Name: Forest Hill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 2815
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $573,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 686,502
  • High Value: 805,694
  • Low Value: 567,310

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $544,600
  • Assessed Land Value: $205,200
  • Assessed Improvements Value: $339,400

    Sales

  • Current Sale Contract Date: Dec 05, 2019
  • Current Sale Recording Date: Dec 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191206005570
  • Previous Sale Recording Date: Dec 04, 2015
  • Previous Sale Amount: $268,000
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2424 ft²

Average Home Age

96 years

Currently For Sale

148 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: 6 months ago
Data Source: MLS PIN, MLS# 72569341

Frequently Asked Questions

When was property at 24 Forest Hill Avenue built and last sold?
The property at 24 Forest Hill Avenue was built in 1900 and last sold on Dec 5, 2019 for $470,000.
How much is this home worth?
The estimated value of the home located at 24 Forest Hill Avenue is $473,589.
What are some comparable homes to 24 Forest Hill Avenue?
There are currently no comparable homes to 24 Forest Hill Avenue.
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