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Lynn 01902
31 Merrill Ave
$284,000
● House - Off Market

31 Merrill Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,257 Ft²
$403,917
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Come see this beautiful well maintained colonial!  With a freshly painted interior, this house boasts an inviting living room with lots of natural light coming from the bay window.  Lovely dining room with built-in cabinet.  There is also an additional family room off the kitchen.  Additional features of the house include central air, a finished basement and a low maintenance paved driveway. Open house Sat July 22 12-1:30pm and Sun July 23 from 12-1:30pm.
Unit Size
1,257 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$207
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72201835)

Price History

Date / Event Date Event Price
Aug 31, 2017 Sold
Premium
Sold
Jul 20, 2017 Listed by RE/MAX Trinity $259,900
Listed by RE/MAX Trinity
Jan 27, 2010 Sold
Premium
Sold
Jul 3, 2009 Listed by RE/MAX Trinity $234,900
Listed by RE/MAX Trinity

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • 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: 7
  • Basement Area: 648
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,877
  • Total Building Area: 1,257
  • Gross Building Area: 2,122
  • Building Area: 1,257
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,257
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000043
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:545 L:023
  • Block: 545
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4678
  • Longitude: -70.9271

    Address

  • Full Address: 31 Merrill Ave
  • Address - House Number: 31
  • Address - Street Name: Merrill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1917
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 518,484
  • High Value: 616,689
  • Low Value: 420,280

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,700
  • Assessed Land Value: $166,600
  • Assessed Improvements Value: $305,100

    Sales

  • Current Sale Recording Date: Aug 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 734
  • Previous Sale Recording Date: Jan 27, 2010
  • Previous Sale Amount: $232,500
  • 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72201835

Frequently Asked Questions

When was property at 31 Merrill Avenue built and last sold?
The property at 31 Merrill Avenue was built in 1900 and last sold on Jan 1, 1970 for $284,000.
How much is this home worth?
The estimated value of the home located at 31 Merrill Avenue is $274,212.
What are some comparable homes to 31 Merrill Avenue?
There are currently no comparable homes to 31 Merrill Avenue.
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