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Lynn 01905
29 Pine Grove Ave
$585,000
● House - Off Market

29 Pine Grove Ave

Lynn, MA 01905
bedrooms
8 Beds
bathrooms
4 Baths
square feet
2,897 Ft²
$783,214
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Virtually Tour this property!!! House Hackers & Sober Home Operators take notice! This updated single-family with additional In-Law space is located in the desirable Pine Hills neighborhood. Sitting on a huge lot with a 2 car detached garage and ample parking for 6+ cars. Recent updates include renovated kitchens and baths, new water heater, new hardwood flooring and upgraded 200 Amp electrical. Boasting 3 levels of living space with 11 total rooms, 8 bedrooms, 4 baths and 2 kitchens, this home is sure to accommodate any large family. Close to Sewell Anderson School, Gallagher Park, shops, restaurants and more. Virtually Tour property https://my.matterport.com/show/?m=aHVKqbMqDTu
Unit Size
2,897 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$207
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1890

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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 #72666209)

Price History

Date / Event Date Event Price
Sep 4, 2020 Sold
Premium
Sold
Jun 2, 2020 Listed by Cameron Real Estate Group $599,000
Listed by Cameron Real Estate Group
Oct 30, 1996 Sold
Premium
Sold
May 25, 1996 Listed by Century 21 Tradition $129,900
Listed by Century 21 Tradition
LOVELY FOUR BEDROOM, TWO BATH, FIELDSTONE AND VINAL COLONIAL WITH LARGE YARD, AND TWO CAR GARAGE.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 408
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,320
  • Total Building Area: 2,897
  • Gross Building Area: 3,732
  • Building Area: 2,897
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,897
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000237
  • 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: 205500

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:055 B:227 L:043
  • Block: 227
  • Lot: 43
  • Municipality: LYNN
  • Latitude: 42.4723
  • Longitude: -70.9682

    Address

  • Full Address: 29 Pine Grove Ave
  • Address - House Number: 29
  • Address - Street Name: Pine Grove
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C011
  • 4-Digit Zip Code: 1264
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $700,100

    Appraisal Valuation

  • Standard Deviation: 0.2134
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 787,190
  • High Value: 954,272
  • Low Value: 620,107

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $664,900
  • Assessed Land Value: $216,600
  • Assessed Improvements Value: $448,300

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Sep 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200904007510
  • Previous Sale Recording Date: Jun 08, 2006
  • Previous Sale Document Type: 48
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# 72666209

Frequently Asked Questions

When was property at 29 Pine Grove Avenue built and last sold?
The property at 29 Pine Grove Avenue was built in 1890 and last sold on Aug 24, 2020 for $585,000.
How much is this home worth?
The estimated value of the home located at 29 Pine Grove Avenue is $603,859.
What are some comparable homes to 29 Pine Grove Avenue?
There are currently no comparable homes to 29 Pine Grove Avenue.
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