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Lynn 01904
28 Oak Ridge Rd
$550,000
● House - Off Market

28 Oak Ridge Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,263 Ft²
$519,468
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Welcome Home to this beautiful 3 bedroom ranch located in one of the most sought-after neighborhoods in Lynn. This home features 3 bedrooms and 1 full bath on the main living level, as well as room to expand in the basement including another full bathroom which is all plumbed and ready to be finished off by its new homeowners. Upon entering you are greeted by beautiful hardwood floors and a cozy fireplace in the living room. The large eat-in kitchen is fully equipped with stainless steel appliances, and also has an insulated and heated sunroom attached. All three large bedrooms have hardwood floors throughout. The fenced in backyard with paved patio will be a great spot to entertain this summer! Come check out everything this home has to offer at one of our open houses scheduled for this weekend!
Unit Size
1,263 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$396
Property Type
House
Property Taxes
$406
HOA Dues
-
Year Built
1959

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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: 5 months ago (MLSPIN #72935629)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Jan 20, 2022 Listed by Century 21 Tradition $499,900
Listed by Century 21 Tradition
Dec 16, 2005 Sold
Premium
Sold
Sep 16, 2005 Listed by Century 21 Tradition $327,000
Listed by Century 21 Tradition

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 855
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,014
  • Total Building Area: 1,263
  • Gross Building Area: 2,756
  • Building Area: 1,263
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,263
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:077 B:065 L:067
  • Block: 65
  • Lot: 67
  • Municipality: LYNN
  • Latitude: 42.4995
  • Longitude: -70.9666

    Address

  • Full Address: 28 Oak Ridge Rd
  • Address - House Number: 28
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C043
  • 4-Digit Zip Code: 1562
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $537,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 584,224
  • High Value: 688,579
  • Low Value: 479,870

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $510,300
  • Assessed Land Value: $210,500
  • Assessed Improvements Value: $299,800

    Sales

  • Current Sale Contract Date: Mar 11, 2022
  • Current Sale Recording Date: Mar 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220311005390
  • Previous Sale Recording Date: Dec 16, 2005
  • Previous Sale Amount: $312,500
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 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: 5 months ago
Data Source: MLS PIN, MLS# 72935629

Frequently Asked Questions

When was property at 28 Oak Ridge Road built and last sold?
The property at 28 Oak Ridge Road was built in 1959 and last sold on Mar 11, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 28 Oak Ridge Road is $499,696.
What are some comparable homes to 28 Oak Ridge Road?
There are currently no comparable homes to 28 Oak Ridge Road.
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