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Lynn 01902
284 Ocean St
$459,900
● House - Off Market

284 Ocean St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,816 Ft²
$719,212
RealtyHop Estimate
56.38%
Since Dec 1, 2017
MA-Boston
Primary Model

About This Property

Back on the market, financing fell thru. Now is your chance to live one block from the ocean in the diamond district. Beautiful 7+ room Tudor. Many period details include high beamed ceilings,  Two original fire places. Hardwood floors and parquet. Front to back living room and spacious dining room. Freshly painted thru out, granite counters, fully applianced kitchen. Large master suite. This lovely home has 3 br and 2.5 baths, a finished room in the basement with a fireplace,a large walk in Cedar closet/ dressing room,a one car garage, and a nicely landscaped yard. Close to train station, restaurants, and shopping. Some ocean views.
Unit Size
1,816 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$253
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1936

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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: 4 months ago (MLSPIN #72214527)

Price History

Date / Event Date Event Price
Nov 15, 2017 Sold
Premium
Sold
Aug 15, 2017 Listed by Century 21 Hughes $459,900
Listed by Century 21 Hughes

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 12
  • 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: 870
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,318
  • Total Building Area: 1,816
  • Gross Building Area: 3,011
  • Building Area: 1,816
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • 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: 206700

Zoning

  • Zoning: R5

Geography

  • Parcel: LYNN M:081 B:575 L:017
  • Block: 575
  • Lot: 17
  • Municipality: LYNN
  • Latitude: 42.4605
  • Longitude: -70.9355

    Address

  • Full Address: 284 Ocean St
  • Address - House Number: 284
  • Address - Street Name: Ocean
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C049
  • 4-Digit Zip Code: 3262
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $652,900

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 655,292
  • High Value: 768,585
  • Low Value: 541,999

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $620,000
  • Assessed Land Value: $210,700
  • Assessed Improvements Value: $409,300

    Sales

  • Current Sale Recording Date: Nov 15, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171115003710
  • Previous Sale Recording Date: Oct 28, 2011
  • 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:

$596,450

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# 72214527

Frequently Asked Questions

When was property at 284 Ocean Street built and last sold?
The property at 284 Ocean Street was built in 1936 and last sold on Jan 1, 1970 for $459,900.
How much is this home worth?
The estimated value of the home located at 284 Ocean Street is $477,793.
What are some comparable homes to 284 Ocean Street?
There are currently no comparable homes to 284 Ocean Street.
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