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Lynn 01905
27 Echo Grove Ave
$485,000
● House - Off Market

27 Echo Grove Ave

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$650,336
RealtyHop Estimate
32.75%
Since Sep 1, 2020
MA-Boston
Primary Model

About This Property

Beautiful 3 bedroom 1.5 bathroom home built in 2008 with a hot tub and deck in the backyard. This home features a deep garage that housed the current owner's motorcycle and vehicle no problem. Appliances can transfer. This home was well taken care of. Seller moving to Florida and is motivated to sell, looking for offers!
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$294
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
2008

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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 #72677254)

Price History

Date / Event Date Event Price
Aug 14, 2020 Sold
Premium
Sold
Jun 19, 2020 Listed by Divine Real Estate, Inc. $489,900
Listed by Divine Real Estate, Inc.
Aug 10, 2015 Sold
Premium
Sold
Jun 11, 2015 Listed by Divine Real Estate, Inc. $323,500
Listed by Divine Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 416
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,104
  • Total Building Area: 1,664
  • Gross Building Area: 2,700
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ECHO GROVE
  • Land Acres: 0000000094
  • 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:021 B:291 L:016
  • Block: 291
  • Lot: 16
  • Municipality: LYNN
  • Latitude: 42.4611
  • Longitude: -70.9788

    Address

  • Full Address: 27 Echo Grove Ave
  • Address - House Number: 27
  • Address - Street Name: Echo Grove
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C006
  • 4-Digit Zip Code: 1917
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $637,300

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 652,152
  • High Value: 767,988
  • Low Value: 536,315

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $605,200
  • Assessed Land Value: $154,000
  • Assessed Improvements Value: $451,200

    Sales

  • Current Sale Contract Date: Aug 14, 2020
  • Current Sale Recording Date: Aug 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200814005730
  • Previous Sale Recording Date: Aug 10, 2015
  • Previous Sale Amount: $318,000
  • 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

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 years

Currently For Sale

156 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# 72677254

Frequently Asked Questions

When was property at 27 Echo Grove Avenue built and last sold?
The property at 27 Echo Grove Avenue was built in 2008 and last sold on Aug 14, 2020 for $485,000.
How much is this home worth?
The estimated value of the home located at 27 Echo Grove Avenue is $495,782.
What are some comparable homes to 27 Echo Grove Avenue?
There are currently no comparable homes to 27 Echo Grove Avenue.
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