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Lynn 01904
28 William St
$447,000
● House - Off Market

28 William St

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
902 Ft²
$400,071
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Charming 2 bedroom home is great for a first time homebuyer or anyone looking to downsize.  Enjoy your sun drenched window seat in the combination living / dining room with fireplace.  Kitchen has plenty of natural light and a convenient counter set-up with seats looking out to your large back deck.  Down the hall you will find a full bathroom and 2 bedrooms.  Larger bedroom on the right has 3 closets allowing extra storage options.  There are hardwood floors throughout the home with the exception of the tiled floor in the bathroom.  Washer and dryer are located in the walk out basement.  Backyard has a patio under the deck.  Brand new pull down stairs allow easy access to attic space.  Enjoy the savings on electricity with the leased solar panels.
Unit Size
902 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$427
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1951

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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 #72937320)

Price History

Date / Event Date Event Price
Mar 17, 2022 Sold
Premium
Sold
Jan 26, 2022 Listed by eXp Realty $385,000
Listed by eXp Realty
Jan 31, 2002 Sold
Premium
Sold
Jan 3, 2002 Listed by eXp Realty $213,900
Listed by eXp Realty
Apr 5, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 886
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Total Building Area: 902
  • Gross Building Area: 2,021
  • Building Area: 902
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 902
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:073 B:194 L:035
  • Block: 194
  • Lot: 35
  • Municipality: LYNN
  • Latitude: 42.4822
  • Longitude: -70.9588

    Address

  • Full Address: 28 William St
  • Address - House Number: 28
  • Address - Street Name: William
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C029
  • 4-Digit Zip Code: 2503
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $467,200

    Appraisal Valuation

  • Standard Deviation: 0.2408
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 494,282
  • High Value: 613,497
  • Low Value: 375,067

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $443,700
  • Assessed Land Value: $196,600
  • Assessed Improvements Value: $247,100

    Sales

  • Current Sale Contract Date: Mar 17, 2022
  • Current Sale Recording Date: Mar 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220317002300
  • Previous Sale Recording Date: Jan 31, 2002
  • Previous Sale Amount: $196,500
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2698 ft²

Average Home Age

97.9 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# 72937320

Frequently Asked Questions

When was property at 28 William Street built and last sold?
The property at 28 William Street was built in 1951 and last sold on Mar 17, 2022 for $447,000.
How much is this home worth?
The estimated value of the home located at 28 William Street is $376,818.
What are some comparable homes to 28 William Street?
There are currently no comparable homes to 28 William Street.
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