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Lynn 01905
3 Houston Pl
$335,000
● House - Off Market

3 Houston Pl

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,004 Ft²
$499,079
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

MOVE-IN READY!  Here it is, frame to finish and completely remodeled!  Don't miss out on this rare opportunity to view this tastefully designed 2 bedroom smart-home bungalow near the Lynn / Saugus line.  This is first floor living at it's finest, bringing style and function in every room with this open concept, low maintenance home.  Quiet, but very convenient location, fenced in yard.  New lawn and driveway.  New roof, plumbing, electrical, framing, windows, walls etc.
Unit Size
1,004 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$319
Property Type
House
Property Taxes
$263
HOA Dues
-
Year Built
1940

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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 #72252871)

Price History

Date / Event Date Event Price
Jan 26, 2021 Sold
Premium
Sold
Nov 8, 2020 Listed by 3 Rivers Realty $419,000
Listed by 3 Rivers Realty
Dec 14, 2017 Sold
Premium
Sold
Nov 7, 2017 Listed by 3 Rivers Realty $319,900
Listed by 3 Rivers Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,525
  • Total Building Area: 1,040
  • Gross Building Area: 2,314
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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:021 B:352 L:034
  • Block: 352
  • Lot: 34
  • Municipality: LYNN
  • Latitude: 42.4633
  • Longitude: -70.9827

    Address

  • Full Address: 3 Houston Pl
  • Address - House Number: 3
  • Address - Street Name: Houston
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C014
  • 4-Digit Zip Code: 1706
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $531,200

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 569,311
  • High Value: 673,711
  • Low Value: 464,910

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,500
  • Assessed Land Value: $194,000
  • Assessed Improvements Value: $310,500

    Sales

  • Current Sale Contract Date: Jan 25, 2021
  • Current Sale Recording Date: Jan 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210126000860
  • Previous Sale Recording Date: Dec 14, 2017
  • Previous Sale Amount: $335,000
  • 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:

$594,986

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2447 ft²

Average Home Age

97.8 years

Currently For Sale

162 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# 72252871

Frequently Asked Questions

When was property at 3 Houston Place built and last sold?
The property at 3 Houston Place was built in 1940 and last sold on Jan 25, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 3 Houston Place is $420,658.
What are some comparable homes to 3 Houston Place?
There are currently no comparable homes to 3 Houston Place.
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