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Lynn 01902
24 Ocean St.
$563,300
● House - Off Market

24 Ocean St.

Lynn, MA 01902
bedrooms
7 Beds
bathrooms
4 Baths
square feet
2,550 Ft²
$1,274,896
RealtyHop Estimate
112.84%
Since Apr 1, 2003
MA-Boston
Primary Model

About This Property

SWAMPSCOTT LINE. DRAMATIC OCEANVIEWS!! ELEGANT 13 RM. 4 BTH COL.PRIDE OF OWNERSHIP. PERIOD DETAILS INCLUDE BEAMED CEILING,POCKET DOORS,MOLDING,MORNING STAIRCASE,2 FPL.MODERN UPDATES W/ GRANITE & STAINLESS KITCHEN.INCOME POTENTIAL.
Unit Size
2,550 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$235
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1913

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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 #30662598)

Price History

Date / Event Date Event Price
Mar 5, 2003 Sold
Premium
Sold
Nov 20, 2002 Listed by Coldwell Banker Realty - Brookline $599,000
Listed by Coldwell Banker Realty - Brookline
SWAMPSCOTT LINE. WONDERFUL OCEANVIEWS FROM THIS GREAT 2 FAMILY. RIGHT ACROSS THE STREET FROM KING'S BEACH. GRACIOUS 9 RMS. 4 BDR. 3BATHS FOR OWNER. SEPARATE ENTRANCE & PARKING FOR 3RD. FLR. 4 RM. APT. TO HELP WITH MORTGAGE.
Oct 28, 2002 Listed by Coldwell Banker Residential Brokerage - Swampscott - 146 Humphrey St. $599,000
Listed by Coldwell Banker Residential Brokerage - Swampscott - 146 Humphrey St.

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,031
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,703
  • Total Building Area: 2,597
  • Gross Building Area: 5,210
  • Building Area: 2,597
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,597
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 206600

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:102 B:552 L:016
  • Block: 552
  • Lot: 16
  • Municipality: LYNN
  • Latitude: 42.4672
  • Longitude: -70.9232

    Address

  • Full Address: 24 Ocean St
  • Address - House Number: 24
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 2023
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $947,900

    Appraisal Valuation

  • Standard Deviation: 0.1611
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 995,925
  • High Value: 1,156,391
  • Low Value: 835,460

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $900,200
  • Assessed Land Value: $229,400
  • Assessed Improvements Value: $670,800

    Sales

  • Current Sale Recording Date: Mar 05, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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:

$594,993

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2433 ft²

Average Home Age

95.3 years

Currently For Sale

164 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# 30662598

Frequently Asked Questions

When was property at 24 Ocean Street built and last sold?
The property at 24 Ocean Street was built in 1913 and last sold on Jan 1, 1970 for $563,300.
How much is this home worth?
The estimated value of the home located at 24 Ocean Street is $604,209.
What are some comparable homes to 24 Ocean Street?
There are currently no comparable homes to 24 Ocean Street.
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