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Lynn 01902
29 Norcross Terrace
$175,000
● House - Off Market

29 Norcross Terrace

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,229 Ft²
$342,298
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Charming Colonial situated on a private dead end street minutes from the ocean. Huge Gracious Foyer,Attractive Designer Flair in Kitchen with Gleaming Hard Wood Floors. Spacious Rooms, High Ceilings, Private Three Season room to relax & enjoy this beautiful home. Gorgeous Wood Floors throughout the first floor, Wall to Wall carpeting on the second Floor. Enclosed Fenced Yard and Two Car Garage. Parking for 4 Cars. Delead Certificate!
Unit Size
1,229 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$146
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1879

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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 #71514780)

Price History

Date / Event Date Event Price
Jul 12, 2013 Sold
Premium
Sold
Apr 25, 2013 Listed by Don Baker Real Estate $179,900
Listed by Don Baker Real Estate
Jun 16, 1989 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1879
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 639
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,118
  • Total Building Area: 1,101
  • Gross Building Area: 2,039
  • Building Area: 1,101
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,101
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000072
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:093 B:559 L:038
  • Block: 559
  • Lot: 38
  • Municipality: LYNN
  • Latitude: 42.4653
  • Longitude: -70.928

    Address

  • Full Address: 29 Norcross Ter
  • Address - House Number: 29
  • Address - Street Name: Norcross
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 2512
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $469,300

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 503,102
  • High Value: 623,381
  • Low Value: 382,822

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $445,700
  • Assessed Land Value: $173,000
  • Assessed Improvements Value: $272,700

    Sales

  • Current Sale Recording Date: Jul 12, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 651
  • Previous Sale Recording Date: Jun 16, 1989
  • Previous Sale Amount: $118,000
  • 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# 71514780

Frequently Asked Questions

When was property at 29 Norcross Terrace built and last sold?
The property at 29 Norcross Terrace was built in 1879 and last sold on Jan 1, 1970 for $175,000.
How much is this home worth?
The estimated value of the home located at 29 Norcross Terrace is $195,768.
What are some comparable homes to 29 Norcross Terrace?
There are currently no comparable homes to 29 Norcross Terrace.
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