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Lynn 01902
32 Arbor Street
$522,500
● House - Off Market

32 Arbor Street

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,021 Ft²
$477,251
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

If a Prime Location is on your Wish List, You Might be in Luck! This Classic Colonial with Farmers Porch is Situated on the Swampscott Line, Close Proximity to Clark Street Playground, 1.3 miles to the Beach Plus Public Transportation.  If Relaxing by the Beach is not your Thing, you will Love Coming Home to your Fully Updated 3 Bedroom 2 Bathrooms Abode with White Kitchen, Granite Counters, Fully Appliance. Gleaming Dark Stain Hardwood Flooring on point with today's Tends, Wide Moldings and Fresh Paint Throughout. Bright and Airy Primary Bedroom Boasting with Hardwood and Two Closets. Second and Third Bedroom Brand New Carpeting. Driveway Parking for at Least 3, Newer Gas 2 Zone Heating System, Back Yard for Entertaining.
Unit Size
1,021 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$465
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1900

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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 #73095491)

Price History

Date / Event Date Event Price
May 11, 2023 Sold
Premium
Sold
Apr 9, 2023 In contract -
In contract
Apr 5, 2023 Listed by RE/MAX Innovative Properties $475,000
Listed by RE/MAX Innovative Properties
May 29, 2015 Sold
Premium
Sold
Apr 8, 2015 Listed by RE/MAX Innovative Properties $249,900
Listed by RE/MAX Innovative Properties
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • 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: 550
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,403
  • Total Building Area: 963
  • Gross Building Area: 1,830
  • Building Area: 963
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 963
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000078
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:106 B:414 L:010
  • Block: 414
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4819
  • Longitude: -70.9327

    Address

  • Full Address: 32 Arbor St
  • Address - House Number: 32
  • Address - Street Name: Arbor
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C037
  • 4-Digit Zip Code: 1107
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $478,700

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 504,329
  • High Value: 597,114
  • Low Value: 411,545

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $454,600
  • Assessed Land Value: $184,100
  • Assessed Improvements Value: $270,500

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230511001550
  • Previous Sale Recording Date: May 29, 2015
  • Previous Sale Amount: $256,000
  • Previous Sale Document Type: O
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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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: 4 months ago
Data Source: MLS PIN, MLS# 73095491

Frequently Asked Questions

When was property at 32 Arbor Street built and last sold?
The property at 32 Arbor Street was built in 1900 and last sold on May 11, 2023 for $522,500.
How much is this home worth?
The estimated value of the home located at 32 Arbor Street is $469,748.
What are some comparable homes to 32 Arbor Street?
There are currently no comparable homes to 32 Arbor Street.
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