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Lawrence 01843 Colonial Heights
25 Lynn St
$480,000
● House - Off Market

25 Lynn St

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,957 Ft²
$502,157
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Say YES to 1 level living in this charming ranch style home with showstopper curb appeal that rests on a 7,000 square foot level lot.  This home, located in the Colonial Heights neighborhood, features an updated roof, vinyl siding and updated driveway. All the comforts that you seek are here! Be welcomed as you walk in by an inviting living room, formal dining room and an updated eat in kitchen with recessed lighting that provides access to backyard offering a hot tub, covered patio fit for outdoor fun and or entertainment. Step into the lower level and enjoy your family room currently used as a home theater featuring a bar area, a bonus room for home office/gym, laundry and storage. You will appreciate all this home has to offer!! This is it! Lets make it your today!
Unit Size
1,957 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$245
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1953

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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 #73035040)

Price History

Date / Event Date Event Price
Oct 28, 2022 Sold
Premium
Sold
Sep 30, 2022 In contract -
In contract
Sep 24, 2022 Relisted $206,000
Relisted
Sep 20, 2022 In contract -
In contract
Sep 10, 2022 Listed by Realty One Group Nest $479,900
Listed by Realty One Group Nest
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,157
  • Gross Building Area: 2,926
  • Building Area: 1,157
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,157
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAND LAWRENCE
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251700

Geography

  • Account Number: 58 0000 0007 A
  • Parcel: LAWR M:0058 B:0000 L:0007
  • Lot: 7
  • Municipality: LAWRENCE
  • Latitude: 42.6879
  • Longitude: -71.1512

    Address

  • Full Address: 25 Lynn St
  • Address - House Number: 25
  • Address - Street Name: Lynn
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C034
  • 4-Digit Zip Code: 2807
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $390,700

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 513,720
  • High Value: 605,087
  • Low Value: 422,352

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,400
  • Assessed Land Value: $124,500
  • Assessed Improvements Value: $297,900

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25442
  • Previous Sale Recording Date: Nov 27, 2013
  • Previous Sale Amount: $206,000
  • 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 Colonial Heights

Stats & Trends

Median Asking:

$515,000

Sale Price/ft²

$403

Above Asking

0.00%

Average Days on Market

44

Average Home Size

1088 ft²

Average Home Age

45 years

Currently For Sale

1 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73035040

Frequently Asked Questions

When was property at 25 Lynn Street built and last sold?
The property at 25 Lynn Street was built in 1953 and last sold on Oct 28, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 25 Lynn Street is $469,643.
What are some comparable homes to 25 Lynn Street?
There are currently no comparable homes to 25 Lynn Street.
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