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Lynn 01902
31 Lily Street
$280,000
● House - Off Market

31 Lily Street

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,594 Ft²
$413,374
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Charming Old Style Home With 4 Bedrooms ( 3 Upstairs, 1 Down Stairs ).  Well Preserved Hardwood Flooring.  Large Eat In Kitchen With Ceramic Tile Flooring / Island/ Office Area/Pantry.  Good Sized Living Room With Working Fireplace. Ample Square Fenced In Yard.  Vinyl Siding.  3 Car Driveway Parking. Gas Converted Heat. Walk Through 3rd Bedroom To Get To Fourth Bedroom. Newer Windows. Room On 1st Floor Currently Being Used As A Dining Room, Could Also Be Utilized As Bedroom.
Unit Size
1,594 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$166
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1870

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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 #72172085)

Price History

Date / Event Date Event Price
Jul 25, 2017 Sold
Premium
Sold
May 30, 2017 Listed by Century 21 North Shore $264,900
Listed by Century 21 North Shore
Jan 16, 2003 Sold
Premium
Sold
Sep 4, 2002 Listed by Century 21 North Shore $219,000
Listed by Century 21 North Shore

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 873
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,040
  • Total Building Area: 1,594
  • Gross Building Area: 2,618
  • Building Area: 1,594
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,594
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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: 206300

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:084 B:710 L:019
  • Block: 710
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.4718
  • Longitude: -70.9423

    Address

  • Full Address: 31 Lily St
  • Address - House Number: 31
  • Address - Street Name: Lily
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C048
  • 4-Digit Zip Code: 2817
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,400

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 532,821
  • High Value: 668,293
  • Low Value: 397,349

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $487,600
  • Assessed Land Value: $177,400
  • Assessed Improvements Value: $310,200

    Sales

  • Current Sale Recording Date: Jul 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 157
  • Previous Sale Recording Date: Jan 16, 2003
  • Previous Sale Amount: $215,000
  • 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

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2489 ft²

Average Home Age

98 years

Currently For Sale

155 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: 6 months ago
Data Source: MLS PIN, MLS# 72172085

Frequently Asked Questions

When was property at 31 Lily Street built and last sold?
The property at 31 Lily Street was built in 1870 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 31 Lily Street is $279,576.
What are some comparable homes to 31 Lily Street?
There are currently no comparable homes to 31 Lily Street.
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