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Lynn 01902
31 Allen Ave
$166,000
● House - Off Market

31 Allen Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,550 Ft²
$345,026
RealtyHop Estimate
97.27%
Since Jun 1, 2008
MA-Boston
Primary Model

About This Property

Property is sold in "as is" condition, will not pass FHA loan... please allow 72 hours for response on offers, buyer pre-qualification and proof of earnest funds to be submitted with all offers, buyer must sign any and all of sellers addendums and P&S within 3 days of accepted offer without changes to documents, this house is on residential street with big yard, show and sell. Please note AS IS ONLY
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$113
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1925

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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 #70699600)

Price History

Date / Event Date Event Price
May 30, 2008 Sold
Premium
Sold
Feb 6, 2008 Sold
Premium
Sold
Jan 18, 2008 Listed by RE/MAX Leading Edge $174,900
Listed by RE/MAX Leading Edge
Oct 31, 2003 Sold
Premium
Sold
Aug 3, 2003 Listed by RE/MAX Leading Edge $249,900
Listed by RE/MAX Leading Edge
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 754
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,921
  • Total Building Area: 1,554
  • Gross Building Area: 2,406
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:084 B:694 L:020
  • Block: 694
  • Lot: 20
  • Municipality: LYNN
  • Latitude: 42.4746
  • Longitude: -70.9471

    Address

  • Full Address: 31 Allen Ave
  • Address - House Number: 31
  • Address - Street Name: Allen
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2701
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $517,300

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 550,279
  • High Value: 651,320
  • Low Value: 449,238

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $491,300
  • Assessed Land Value: $182,000
  • Assessed Improvements Value: $309,300

    Sales

  • Current Sale Recording Date: Feb 06, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Previous Sale Recording Date: Oct 31, 2003
  • Previous Sale Amount: $245,000
  • 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:

$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# 70699600

Frequently Asked Questions

When was property at 31 Allen Avenue built and last sold?
The property at 31 Allen Avenue was built in 1925 and last sold on Jan 1, 1970 for $202,500.
How much is this home worth?
The estimated value of the home located at 31 Allen Avenue is $202,727.
What are some comparable homes to 31 Allen Avenue?
There are currently no comparable homes to 31 Allen Avenue.
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