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Lynn 01905
29 Southside Ave
$500,000
● House - Off Market

29 Southside Ave

Lynn, MA 01905
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,005 Ft²
$663,944
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Lovely updated home with 5 bedroom. Perfect for larger families. @ full baths with custom tiles. granite counter and plenty of cabinets. Open floor plan. 2 level decks in rear yard and also a patio seating area. Nothing to do but move in. This is one of a kind on quiet dead end street. showings start saturday at Open House. social distancing required and masks must be worn. email agent for appointments.
Unit Size
2,005 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$257
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1860

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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: 6 months ago (MLSPIN #72705794)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Aug 6, 2020 Listed by Vylla Home $515,000
Listed by Vylla Home
Oct 20, 2016 Sold
Premium
Sold
May 12, 2016 Listed by Vylla Home $339,800
Listed by Vylla Home
Dec 16, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 966
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,159
  • Total Building Area: 2,005
  • Gross Building Area: 3,857
  • Building Area: 2,005
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,005
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL VILLAGE CONDO
  • Land Acres: 0000000095
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:004 B:317 L:025
  • Block: 317
  • Lot: 25
  • Municipality: LYNN
  • Latitude: 42.461
  • Longitude: -70.9847

    Address

  • Full Address: 29 Southside Ave
  • Address - House Number: 29
  • Address - Street Name: Southside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C014
  • 4-Digit Zip Code: 1517
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $590,000

    Appraisal Valuation

  • Standard Deviation: 0.2134
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 673,969
  • High Value: 817,359
  • Low Value: 530,579

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $560,300
  • Assessed Land Value: $181,500
  • Assessed Improvements Value: $378,800

    Sales

  • Current Sale Contract Date: Oct 27, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201029005090
  • Previous Sale Recording Date: Oct 20, 2016
  • Previous Sale Amount: $339,900
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2424 ft²

Average Home Age

96 years

Currently For Sale

148 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: 6 months ago
Data Source: MLS PIN, MLS# 72705794

Frequently Asked Questions

When was property at 29 Southside Avenue built and last sold?
The property at 29 Southside Avenue was built in 1860 and last sold on Oct 27, 2020 for $500,000.
How much is this home worth?
The estimated value of the home located at 29 Southside Avenue is $512,470.
What are some comparable homes to 29 Southside Avenue?
There are currently no comparable homes to 29 Southside Avenue.
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