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Lynn 01905
26 Abbott Street
$515,000
● House - Off Market

26 Abbott Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,276 Ft²
$471,226
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Charming, well maintained 3 bedroom, 2 full bath Cape, located on a corner lot in Lynn. The living room has hardwood floors with a beautiful fireplace & mantle. The hardwood floors extend into the hallway, bedroom and den. Upstairs there are two large bedrooms, with plenty of storage space. The second full bath, with double vanity, has recently been painted. The home is within a short distance to shopping, schools, and walking paths. This home has been cared for by the same owners for the last 40 years. This is a wonderful opportunity for home ownership on the North Shore...still room to make it your own!
Unit Size
1,276 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$364
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1934

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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 #72950560)

Price History

Date / Event Date Event Price
May 24, 2022 Sold
Premium
Sold
Mar 15, 2022 Listed by Keller Williams Realty Evolution $465,000
Listed by Keller Williams Realty Evolution
Jun 18, 1984 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1934
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,975
  • Total Building Area: 1,276
  • Gross Building Area: 2,546
  • Building Area: 1,276
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,276
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: 205800

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:038 B:274 L:001
  • Block: 274
  • Lot: 1
  • Municipality: LYNN
  • Latitude: 42.4626
  • Longitude: -70.9717

    Address

  • Full Address: 26 Abbott St
  • Address - House Number: 26
  • Address - Street Name: Abbott
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C021
  • 4-Digit Zip Code: 2102
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $520,900

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 558,625
  • High Value: 661,066
  • Low Value: 456,184

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,700
  • Assessed Land Value: $185,800
  • Assessed Improvements Value: $308,900

    Sales

  • Current Sale Contract Date: May 24, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220524002880
  • Previous Sale Recording Date: Jun 18, 1984
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2536 ft²

Average Home Age

96.5 years

Currently For Sale

163 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: 4 months ago
Data Source: MLS PIN, MLS# 72950560

Frequently Asked Questions

When was property at 26 Abbott Street built and last sold?
The property at 26 Abbott Street was built in 1934 and last sold on May 24, 2022 for $515,000.
How much is this home worth?
The estimated value of the home located at 26 Abbott Street is $475,689.
What are some comparable homes to 26 Abbott Street?
There are currently no comparable homes to 26 Abbott Street.
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