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Lynn 01905
32 Myrtle St
$340,000
● House - Off Market

32 Myrtle St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,194 Ft²
$498,872
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Comfortable and bright, sunlit three bedroom colonial with front porch. Large eat-in kitchen with separate pantry. Kitchen has Bay/Bow windows for great natural light.  New stainless steel side by side with third bottom door refrigerator. Spacious & open concept living room and dining room. In addition, a cozy three season sunroom which leads to a new Trex deck and a newly fenced-in large backyard. Off street parking for two cars in driveway. Wide gate from driveway gives access to  the yard for an additional two car (or boat) off street parking if needed. Short walk to Lincoln-Thomson Elementary School and Lynn Classical. Quick ten minute drive to Lynn Shore Drive and Nahant Beach. Easy access to highways and public transportation. Easy commute to Boston.
Unit Size
1,194 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$292
Property Type
House
Property Taxes
$346
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 #72464583)

Price History

Date / Event Date Event Price
May 10, 2019 Sold
Premium
Sold
Mar 13, 2019 Listed by Coldwell Banker Residential Brokerage - Salem $349,000
Listed by Coldwell Banker Residential Brokerage - Salem
Feb 13, 1996 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 682
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,710
  • Total Building Area: 1,194
  • Gross Building Area: 2,334
  • Building Area: 1,194
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,194
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000131
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:021 B:338 L:008
  • Block: 338
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.465
  • Longitude: -70.9763

    Address

  • Full Address: 32 Myrtle St
  • Address - House Number: 32
  • Address - Street Name: Myrtle
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C021
  • 4-Digit Zip Code: 1726
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $483,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 532,405
  • High Value: 630,037
  • Low Value: 434,772

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $459,500
  • Assessed Land Value: $203,100
  • Assessed Improvements Value: $256,400

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190510003280
  • Previous Sale Recording Date: Feb 13, 1996
  • Previous Sale Amount: $82,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72464583

Frequently Asked Questions

When was property at 32 Myrtle Street built and last sold?
The property at 32 Myrtle Street was built in 1900 and last sold on May 10, 2019 for $340,000.
How much is this home worth?
The estimated value of the home located at 32 Myrtle Street is $357,726.
What are some comparable homes to 32 Myrtle Street?
There are currently no comparable homes to 32 Myrtle Street.
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