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Lynn 01902
28 Summit Ave
$256,500
● House - Off Market

28 Summit Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,093 Ft²
$466,584
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

Welcome to your own private oasis and secret garden nestled among the trees right on the Swampscott line with seasonal views of the ocean and Boston skyline!!  You have to see this charming home with a tasteful mix of original details and modern updates and amenities.  An expanded Colonial with 3 levels of living space, tons of storage, and unique qualities and details throughout. The kitchen, main bath and roof have recently been updated and there is a third floor retreat that could be a huge Master Suite, Family Room, or Studio. Great for guests and the commuter route is a block away! ...Now all you have to do is call and make and appointment  to view this hidden Gem!.
Unit Size
2,093 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$122
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1850

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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 #71716961)

Price History

Date / Event Date Event Price
Jul 21, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Keller Williams Realty Evolution $449,000
Listed by Keller Williams Realty Evolution
Nov 14, 2014 Sold
Premium
Sold
Jul 21, 2014 Listed by Keller Williams Realty Evolution $255,000
Listed by Keller Williams Realty Evolution
Aug 30, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1963
  • 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: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 804
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,183
  • Total Building Area: 2,093
  • Gross Building Area: 3,341
  • Building Area: 2,093
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,093
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000257
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:104 B:429 L:013
  • Block: 429
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4745
  • Longitude: -70.9268

    Address

  • Full Address: 28 Summit Ave
  • Address - House Number: 28
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1316
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $582,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2127
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 701,422
  • High Value: 850,673
  • Low Value: 552,172

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,100
  • Assessed Land Value: $188,200
  • Assessed Improvements Value: $364,900

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210721002190
  • Previous Sale Recording Date: Nov 14, 2014
  • Previous Sale Amount: $256,500
  • 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:

$598,000

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# 71716961

Frequently Asked Questions

When was property at 28 Summit Avenue built and last sold?
The property at 28 Summit Avenue was built in 1850 and last sold on Jul 21, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 28 Summit Avenue is $470,738.
What are some comparable homes to 28 Summit Avenue?
There are currently no comparable homes to 28 Summit Avenue.
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