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Lynn 01902
278 Eastern Ave
$365,000
● House - Off Market

278 Eastern Ave

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,391 Ft²
$531,732
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Attention Lynn/Swampscott line!!! Come view this colonial property surprisingly ample and well maintained. This home has beautiful details and features. Spacious living room, formal dining room, eat in kitchen with second dining/breakfast area, 4 ample bedrooms, 2 full bathrooms. All appliances to remain with the property, GAS for cooking and hot water heater, hardwood floors throughout, high ceilings, great parking space, and low maintenance yard. 10-minute walk distance to Swampscott/Lynn Beach, walking trails, shopping, dining, public transportation (great for Boston commuters), commuter rail station (Swampscott stop @ Commuter Rail). 30 min drive to Boston. Must see.... not a drive by!!!
Unit Size
1,391 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$258
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 6 months ago (MLSPIN #72283565)

Price History

Date / Event Date Event Price
Jun 21, 2018 Sold
Premium
Sold
Feb 20, 2018 Listed by Tremont Realty Group, LLC $359,000
Listed by Tremont Realty Group, LLC
Jan 25, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 922
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,046
  • Total Building Area: 1,391
  • Gross Building Area: 2,757
  • Building Area: 1,391
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,391
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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:483 L:016
  • Block: 483
  • Lot: 16
  • Municipality: LYNN
  • Latitude: 42.4753
  • Longitude: -70.9296

    Address

  • Full Address: 278 Eastern Ave
  • Address - House Number: 278
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 1719
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $497,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2387
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 583,878
  • High Value: 723,303
  • Low Value: 444,453

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $472,800
  • Assessed Land Value: $177,500
  • Assessed Improvements Value: $295,300

    Sales

  • Current Sale Recording Date: Jun 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180621003430
  • Previous Sale Recording Date: Jan 25, 1996
  • Previous Sale Amount: $75,000
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

96.1 years

Currently For Sale

151 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72283565

Frequently Asked Questions

When was property at 278 Eastern Avenue built and last sold?
The property at 278 Eastern Avenue was built in 1890 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 278 Eastern Avenue is $368,968.
What are some comparable homes to 278 Eastern Avenue?
There are currently no comparable homes to 278 Eastern Avenue.
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