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Lynn 01902
3 Lambert Terrace
$389,500
● House - Off Market

3 Lambert Terrace

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,360 Ft²
$531,535
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

This lovely home features 3 bedrooms and 2 full baths. Kitchen has granite counter tops and SS appliances which opens up to the dining room. Downstairs you will find a large family room with a wood burning fireplace . Garage is used as a game room but can be used as a garage.Rear door leads to a private back yard and large deck for entertaining. Dead end street makes this a fantastic neighborhood. Close to Swampscott commuter rail.Short distance to Aborn Elementary school. First showings will be at open house Saturday June 9th from 11:30 to 1:00. First offer review will be Monday at 6 PM
Unit Size
2,360 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$152
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1966

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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 #72339758)

Price History

Date / Event Date Event Price
Jul 31, 2018 Sold
Premium
Sold
Jun 5, 2018 Listed by Tache Real Estate, Inc. $359,000
Listed by Tache Real Estate, Inc.
Aug 27, 2010 Sold
Premium
Sold
Jul 15, 2010 Listed by Tache Real Estate, Inc. $199,900
Listed by Tache Real Estate, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,100
  • Total Building Area: 1,364
  • Gross Building Area: 2,996
  • Building Area: 1,364
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,364
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RICHARD H BURKE JR OW MCLNTOSH
  • Land Acres: 0000000140
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:096 B:464 L:052
  • Block: 464
  • Lot: 52
  • Municipality: LYNN
  • Latitude: 42.4781
  • Longitude: -70.9339

    Address

  • Full Address: 3 Lambert Ter
  • Address - House Number: 3
  • Address - Street Name: Lambert
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1610
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $578,100

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 608,054
  • High Value: 719,703
  • Low Value: 496,404

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $549,000
  • Assessed Land Value: $178,300
  • Assessed Improvements Value: $370,700

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180731007320
  • Previous Sale Recording Date: Aug 27, 2010
  • Previous Sale Amount: $200,000
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72339758

Frequently Asked Questions

When was property at 3 Lambert Terrace built and last sold?
The property at 3 Lambert Terrace was built in 1966 and last sold on Jan 1, 1970 for $389,500.
How much is this home worth?
The estimated value of the home located at 3 Lambert Terrace is $394,102.
What are some comparable homes to 3 Lambert Terrace?
There are currently no comparable homes to 3 Lambert Terrace.
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