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Lynn 01904
27 Fairview Ave
$590,000
● House - Off Market

27 Fairview Ave

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,680 Ft²
$574,559
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Very nice Single Family Home in a great area, close to bus line, shopping and much more. The first floor includes Updated kitchen, dining room, Living room, with hardwood floors, cozy closed in front porch. The second level includes  4 bedrooms (one is being used as a laundry room) and a large finished playroom in the walk up attic. All good size rooms and hardwood floors  New above ground pool and a patio with a pergola great for summer nights along with a garage....  Lots of parking in the driveway.
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$327
Property Type
House
Property Taxes
$438
HOA Dues
-
Year Built
1910

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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 #73010760)

Price History

Date / Event Date Event Price
Aug 29, 2022 Sold
Premium
Sold
Jul 11, 2022 Listed by Century 21 North East $549,900
Listed by Century 21 North East
Jul 28, 2017 Sold
Premium
Sold
May 24, 2017 Listed by Century 21 North East $349,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 2,142
  • Gross Building Area: 3,596
  • Building Area: 2,142
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,142
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:087 B:131 L:007
  • Block: 131
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4868
  • Longitude: -70.9494

    Address

  • Full Address: 27 Fairview Ave
  • Address - House Number: 27
  • Address - Street Name: Fairview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C039
  • 4-Digit Zip Code: 2323
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $605,900

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 604,040
  • High Value: 709,119
  • Low Value: 498,961

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $575,400
  • Assessed Land Value: $193,800
  • Assessed Improvements Value: $381,600

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Aug 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 376
  • Previous Sale Recording Date: Jul 28, 2017
  • Previous Sale Amount: $350,000
  • 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

2704 ft²

Average Home Age

97.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73010760

Frequently Asked Questions

When was property at 27 Fairview Avenue built and last sold?
The property at 27 Fairview Avenue was built in 1910 and last sold on Aug 29, 2022 for $590,000.
How much is this home worth?
The estimated value of the home located at 27 Fairview Avenue is $550,137.
What are some comparable homes to 27 Fairview Avenue?
There are currently no comparable homes to 27 Fairview Avenue.
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