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Lynn 01904
31 Shoemaker Road
$329,000
● House - Off Market

31 Shoemaker Road

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
894 Ft²
$489,335
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

NEW TO THE LYNN MARKET!! Ward 1 Classic Cape!  In a Quiet neighborhood on a Private Lot with the backyard abutting access to Lynn Woods!  This 2 bedroom adorable Cape Style home has hardwood flooring throughout with Large eat in kitchen includes all appliances, plus Two 55" TVs, Surround Sound. Spacious Living Room with picture window.  Walk up Attic is waiting to be a Extra Bedroom or Studio/Office. Lots of Closet space. Newer Roof and Vinyl Siding. Detached Garage, Large Storage Shed and off street parking with a Level Yard, including motion activated outside lighting.
Unit Size
894 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$368
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1951

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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 #72383526)

Price History

Date / Event Date Event Price
Nov 20, 2018 Sold
Premium
Sold
Aug 23, 2018 Listed by Northrup Associates $329,000
Listed by Northrup Associates

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,483
  • Total Building Area: 894
  • Gross Building Area: 2,528
  • Building Area: 894
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 894
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:074 B:182 L:007
  • Block: 182
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4855
  • Longitude: -70.9654

    Address

  • Full Address: 31 Shoemaker Rd
  • Address - House Number: 31
  • Address - Street Name: Shoemaker
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C024
  • 4-Digit Zip Code: 2233
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $464,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 501,352
  • High Value: 593,824
  • Low Value: 408,880

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $441,300
  • Assessed Land Value: $201,400
  • Assessed Improvements Value: $239,900

    Sales

  • Current Sale Recording Date: Nov 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 597661
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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2698 ft²

Average Home Age

97.9 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72383526

Frequently Asked Questions

When was property at 31 Shoemaker Road built and last sold?
The property at 31 Shoemaker Road was built in 1951 and last sold on Jan 1, 1970 for $329,000.
How much is this home worth?
The estimated value of the home located at 31 Shoemaker Road is $333,403.
What are some comparable homes to 31 Shoemaker Road?
There are currently no comparable homes to 31 Shoemaker Road.
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