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Lynn 01905
24 Southside Avenue
$310,000
● House - Off Market

24 Southside Avenue

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,092 Ft²
$464,518
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

Saugus line.  Enclosed front porch.  Dead end street.  Nice level back yard.  Kitchen and bath need updating.  House needs paper and paint.  All hardwood floors.  Good size rooms.  Large closet space. Close to schools, shopping and public transportation.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$302
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1925

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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 #72582895)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Oct 21, 2019 Listed by Connor Real Estate $329,900
Listed by Connor Real Estate
Nov 25, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 0
  • 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: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,628
  • Total Building Area: 1,092
  • Gross Building Area: 2,044
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000175
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:004 B:317 L:040
  • Block: 317
  • Lot: 40
  • Municipality: LYNN
  • Latitude: 42.4611
  • Longitude: -70.9844

    Address

  • Full Address: 24 Southside Ave
  • Address - House Number: 24
  • Address - Street Name: Southside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C014
  • 4-Digit Zip Code: 1518
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $589,400

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 569,824
  • High Value: 677,609
  • Low Value: 462,040

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $559,700
  • Assessed Land Value: $199,900
  • Assessed Improvements Value: $359,800

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200228006650
  • Previous Sale Recording Date: Nov 25, 1998
  • Previous Sale Amount: $100,000
  • Previous 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:

$590,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2486 ft²

Average Home Age

97.4 years

Currently For Sale

157 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: 5 months ago
Data Source: MLS PIN, MLS# 72582895

Frequently Asked Questions

When was property at 24 Southside Avenue built and last sold?
The property at 24 Southside Avenue was built in 1925 and last sold on Jan 31, 2020 for $310,000.
How much is this home worth?
The estimated value of the home located at 24 Southside Avenue is $336,457.
What are some comparable homes to 24 Southside Avenue?
There are currently no comparable homes to 24 Southside Avenue.
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