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Lynn 01902
31 Linden Terrace
$320,000
● House - Off Market

31 Linden Terrace

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,088 Ft²
$508,261
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Perfect for down-sizing or just starting out -- this charming ranch has a large fire-placed living room that easily accommodates a dining area, 3 bedrooms, a bathroom, a nice eat-in kitchen along with linen and utility closets, finish the main level.  There is a fully-finished walk-out lower level - with an office (or 4th bedroom) with storage area, a large den with laundry, a full bath, cedar closet, and extra storage closet.  There is a work-shop that was converted from a garage (and could be converted back).  This home has a good-sized, terraced-yard filled with perennial flower gardens, a vegetable-garden and nice shed.  The house has all new windows, a new roof and off-street parking for 4 or 5 cars.  On a dead-end street, close to schools, transportation to Boston and shopping.
Unit Size
1,088 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$302
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1955

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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 #72223093)

Price History

Date / Event Date Event Price
Jan 30, 2018 Sold
Premium
Sold
Sep 5, 2017 Listed by Connor Real Estate $328,500
Listed by Connor Real Estate
Jan 3, 2001 Sold
Premium
Sold
Jun 20, 2000 Listed by Connor Real Estate $189,900
Listed by Connor Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 12
  • 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: 752
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,368
  • Total Building Area: 1,088
  • Gross Building Area: 2,236
  • Building Area: 1,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,088
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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:071 B:683 L:067
  • Block: 683
  • Lot: 67
  • Municipality: LYNN
  • Latitude: 42.4744
  • Longitude: -70.9507

    Address

  • Full Address: 31 Linden Ter
  • Address - House Number: 31
  • Address - Street Name: Linden
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C054
  • 4-Digit Zip Code: 3559
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $528,300

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 544,039
  • High Value: 643,934
  • Low Value: 444,144

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,700
  • Assessed Land Value: $189,600
  • Assessed Improvements Value: $312,100

    Sales

  • Current Sale Recording Date: Jan 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180130004000
  • Previous Sale Recording Date: Jan 03, 2001
  • Previous Sale Amount: $183,000
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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# 72223093

Frequently Asked Questions

When was property at 31 Linden Terrace built and last sold?
The property at 31 Linden Terrace was built in 1955 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 31 Linden Terrace is $330,701.
What are some comparable homes to 31 Linden Terrace?
There are currently no comparable homes to 31 Linden Terrace.
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