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Saugus 01906 Lynnhurst
3 Magnolia St
$569,000
● House - Off Market

3 Magnolia St

Saugus, MA 01906
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,181 Ft²
$586,155
RealtyHop Estimate
3.01%
Since Apr 1, 2023
MA-Boston
Primary Model

About This Property

Updated 3 bedroom home in prime Lynnhurst location!!  First level offers hardwood floors throughout, inviting living room, formal dining room and updated kitchen with stainless steel appliances, granite countertops and breakfast bar.  The home also has an additional bonus room off the kitchen, hardwood floors on the second floor in all 3 bedrooms.  This large flat corner lot has a massive yard and low composite deck and patio. Other amenities include Solar Panels which results in a credit from the electric company annually.  Do not miss out on this wonderful opportunity to live in a great location near Birch Pond and Route 1, Saugus, This home won't last.  ALL OFFERS DUE MONDAY 2/13 @ 5PM.
Unit Size
1,181 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$482
Property Type
House
Property Taxes
$498
HOA Dues
-
Year Built
1910

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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 #73072169)

Price History

Date / Event Date Event Price
Mar 15, 2023 Sold
Premium
Sold
Feb 16, 2023 In contract -
In contract
Feb 9, 2023 Price Decreased $569,000
↓ $30K (5%)
Price Decreased
Jan 25, 2023 Price Increased $599,000
↑ $30K (5.3%)
Price Increased
Jan 19, 2023 Listed by Lillian Montalto Signature Properties $569,000
Listed by Lillian Montalto Signature Properties
Show More

Property Highlights

Parking Available
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 1,181
  • Gross Building Area: 1,812
  • Building Area: 1,181
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,181
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000269
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208302

Zoning

  • Zoning: NA

Geography

  • Account Number: 8403002
  • Parcel: SAUG M:011-F B:0025 L:0001
  • Block: 25
  • Lot: 1
  • Municipality: SAUGUS
  • Latitude: 42.4751
  • Longitude: -71.008

    Address

  • Full Address: 3 Magnolia St
  • Address - House Number: 3
  • Address - Street Name: Magnolia
  • Address - Suffix Type: St
  • State: MA
  • City Name: Saugus
  • Carrier Code: C012
  • 4-Digit Zip Code: 2019
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $613,400

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 614,553
  • High Value: 720,163
  • Low Value: 508,944

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $576,000
  • Assessed Land Value: $302,600
  • Assessed Improvements Value: $273,400

    Sales

  • Current Sale Contract Date: Mar 15, 2023
  • Current Sale Recording Date: Mar 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230315001360
  • Previous Sale Recording Date: Jun 22, 2017
  • Previous Sale Amount: $465,000
  • 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 Lynnhurst

Stats & Trends

Median Asking:

$692,450

Sale Price/ft²

$399

Below Asking

0.01%

Average Days on Market

57

Average Home Size

3487 ft²

Average Home Age

52.2 years

Currently For Sale

6 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: 6 months ago
Data Source: MLS PIN, MLS# 73072169

Frequently Asked Questions

When was property at 3 Magnolia Street built and last sold?
The property at 3 Magnolia Street was built in 1910 and last sold on Mar 15, 2023 for $569,000.
How much is this home worth?
The estimated value of the home located at 3 Magnolia Street is $556,713.
What are some comparable homes to 3 Magnolia Street?
There are currently no comparable homes to 3 Magnolia Street.
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