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Lynn 01902
271 Eastern Ave
$445,000
● House - Off Market

271 Eastern Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,467 Ft²
$573,117
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Come see this large superbly  maintained 7 room, 3 bedroom, 1.5 bathroom colonial located close to the beach. This home sits on a large lot with parking for 3 cars, large fenced in yard with a shed, deck and above ground pool.  Brand new kitchen features stainless steel appliances, new cabinets, tile floor and a half bathroom. stove is electric but there is also a gas line. Family room has a fireplace and access to a 3 season porch. Master bedroom has a large walk in closet. Full basement is partially finished with exterior access. Other features include a slate roof, maintenance free vinyl siding, new retaining wall , hard wood floors throughout, new gas heating system & hot water tank.
Unit Size
1,467 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$290
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1900

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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 #72673909)

Price History

Date / Event Date Event Price
Jul 29, 2020 Sold
Premium
Sold
Jun 15, 2020 Listed by Clements Realty Group $425,000
Listed by Clements Realty Group
Jun 4, 2008 Sold
Premium
Sold
Nov 7, 2007 Listed by M. Celata Real Estate $249,900
Listed by M. Celata Real Estate
Completely Remodeled 7 Rooms Colonial, Within Short Distance to Swampscott, Lynn Beach, Schools, Bus & Train Station. Gorgeous Maple Cabinets with Beautiful Countertop & Ceramic Tile Floor. New Appliances, Remodeled Full Bath, Spacious New Half Bath ,Gleaming Hardwood Floors, New electrical System & Much Moore. Come See It Today!
Apr 4, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 961
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,347
  • Total Building Area: 1,467
  • Gross Building Area: 2,949
  • Building Area: 1,467
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,467
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:104 B:423 L:027
  • Block: 423
  • Lot: 27
  • Municipality: LYNN
  • Latitude: 42.4753
  • Longitude: -70.929

    Address

  • Full Address: 271 Eastern Ave
  • Address - House Number: 271
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 1717
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $565,700

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 593,784
  • High Value: 702,813
  • Low Value: 484,755

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $537,200
  • Assessed Land Value: $184,300
  • Assessed Improvements Value: $352,900

    Sales

  • Current Sale Contract Date: Jul 29, 2020
  • Current Sale Recording Date: Jul 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200729003370
  • Previous Sale Recording Date: Apr 04, 2007
  • Previous Sale Amount: $257,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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# 72673909

Frequently Asked Questions

When was property at 271 Eastern Avenue built and last sold?
The property at 271 Eastern Avenue was built in 1900 and last sold on Jul 29, 2020 for $445,000.
How much is this home worth?
The estimated value of the home located at 271 Eastern Avenue is $435,492.
What are some comparable homes to 271 Eastern Avenue?
There are currently no comparable homes to 271 Eastern Avenue.
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