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Lynn 01905
29 Grove Street
$475,000
● House - Off Market

29 Grove Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,300 Ft²
$418,097
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

RENOVATED 5 room Colonial/Cape style home offers 3 bedrooms, 2 full baths, kitchen with granite counters, center island, large dining area and stainless steel appliance, oversized living room, gleaming hardwood flooring, master bedroom with private, full bath, enclosed mudroom/porch, front deck, level lot with storage shed, right-of-way driveway with parking.  Great condo alternative providing home ownership!   Showings begin at open houses  - Offers, if any, due Monday, March 7th by 2:00 PM.
Unit Size
1,300 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$315
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1900

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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: 5 months ago (MLSPIN #72947688)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Mar 2, 2022 Listed by Carpenito Real Estate, Inc. $410,000
Listed by Carpenito Real Estate, Inc.
Dec 30, 2021 Sold
Premium
Sold
Apr 10, 2008 Sold
Premium
Sold
Aug 29, 2007 Listed by Carpenito Real Estate, Inc. $116,900
Listed by Carpenito Real Estate, Inc.
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 801
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,871
  • Total Building Area: 1,300
  • Gross Building Area: 2,399
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CABOT ST CONDO
  • Land Acres: 0000000066
  • 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: 205900

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:054 B:210 L:050
  • Block: 210
  • Lot: 50
  • Municipality: LYNN
  • Latitude: 42.4676
  • Longitude: -70.9638

    Address

  • Full Address: 29 Grove St
  • Address - House Number: 29
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C003
  • 4-Digit Zip Code: 1613
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $455,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 534,841
  • High Value: 662,387
  • Low Value: 407,295

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $432,900
  • Assessed Land Value: $155,300
  • Assessed Improvements Value: $277,600

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: Apr 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220415005460
  • Previous Sale Recording Date: Dec 30, 2021
  • Previous Sale Contract Date: Dec 30, 2021
  • Previous Sale Amount: $275,000
  • 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:

$592,450

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2486 ft²

Average Home Age

97.4 years

Currently For Sale

157 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: 5 months ago
Data Source: MLS PIN, MLS# 72947688

Frequently Asked Questions

When was property at 29 Grove Street built and last sold?
The property at 29 Grove Street was built in 1900 and last sold on Apr 15, 2022 for $475,000.
How much is this home worth?
The estimated value of the home located at 29 Grove Street is $408,876.
What are some comparable homes to 29 Grove Street?
There are currently no comparable homes to 29 Grove Street.
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