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Lynn 01905
3 Orchard St
$604,000
● House - Off Market

3 Orchard St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,568 Ft²
$546,217
RealtyHop Estimate
1.34%
Since Jun 1, 2022
MA-Boston
Primary Model

About This Property

Built in 2000. Fairly young house in the Heart of Lynn. Open concept living. Close to most amenities such as shopping, transportation, highways and restaurants. The kitchen flows into the dining room and dining room into the living room. Enclosed porch offers extra space in addition to three bedrooms on the second level. Current office is being used as fourth bedroom. Finished basement offers additional living space. Exercise and storage room in basement is being used as fifth and sixth bedrooms. There are two full baths for convenience. Master bedroom has walk in closet. Solar Panels are leased. First showing starts on 4/23 at the open house between 1- 3pm. Come on down!
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$344
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
2000

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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 #72968846)

Price History

Date / Event Date Event Price
May 16, 2022 Sold
Premium
Sold
Apr 20, 2022 Listed by North Shore Real Estate $539,000
Listed by North Shore Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 7
  • Basement Area: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,243
  • Total Building Area: 1,568
  • Gross Building Area: 2,916
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000097
  • 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: 207100

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:037 B:783 L:026
  • Block: 783
  • Lot: 26
  • Municipality: LYNN
  • Latitude: 42.4591
  • Longitude: -70.9675

    Address

  • Full Address: 3 Orchard St
  • Address - House Number: 3
  • Address - Street Name: Orchard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C022
  • 4-Digit Zip Code: 2819
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $623,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1554
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 80
  • Final Value: 663,979
  • High Value: 767,221
  • Low Value: 560,737

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $592,500
  • Assessed Land Value: $184,100
  • Assessed Improvements Value: $408,400

    Sales

  • Current Sale Contract Date: May 11, 2022
  • Current Sale Recording Date: May 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 636253
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:

$594,943

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2503 ft²

Average Home Age

97.5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72968846

Frequently Asked Questions

When was property at 3 Orchard Street built and last sold?
The property at 3 Orchard Street was built in 2000 and last sold on May 11, 2022 for $604,000.
How much is this home worth?
The estimated value of the home located at 3 Orchard Street is $553,756.
What are some comparable homes to 3 Orchard Street?
There are currently no comparable homes to 3 Orchard Street.
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