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Lynn 01902
32 Summit Avenue
$149,900
● House - Off Market

32 Summit Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,231 Ft²
$526,385
RealtyHop Estimate
251.16%
Since Apr 1, 1999
MA-Boston
Primary Model

About This Property

FANTASTIC VICTORIAN W/FP DINING ROOM,HUGE EI KITCHEN, FAMILY ROOM W/WET BAR, CEILING FANS, BI A/C'S, BALCONYS WITH OCEAN VIEWS, ENCLOSED FRONT PORCH, 4 CEDAR CLOSETS, NEWER APPLIANCES, NEW VINYL REPLACEMENT WINDOWS AND MUCH MORE!!
Unit Size
1,231 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$122
Property Type
House
Property Taxes
$126
HOA Dues
-
Year Built
1850

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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 years ago (MLSPIN #30283373)

Price History

Date / Event Date Event Price
Apr 12, 2021 Sold
Premium
Sold
Mar 9, 2021 Listed by A. James Lynch, Inc. $325,000
Listed by A. James Lynch, Inc.
Mar 18, 1999 Sold
Premium
Sold
Jan 3, 1999 Listed by A. James Lynch, Inc. $149,900
Listed by A. James Lynch, Inc.

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 691
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,793
  • Total Building Area: 1,265
  • Gross Building Area: 2,627
  • Building Area: 1,265
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,265
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:104 B:429 L:057
  • Block: 429
  • Lot: 57
  • Municipality: LYNN
  • Latitude: 42.4742
  • Longitude: -70.9267

    Address

  • Full Address: 32 Summit Ave
  • Address - House Number: 32
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1316
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 497,109
  • High Value: 623,501
  • Low Value: 370,717

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $455,900
  • Assessed Land Value: $182,200
  • Assessed Improvements Value: $273,700

    Sales

  • Current Sale Contract Date: Apr 06, 2021
  • Current Sale Recording Date: Apr 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210412001810
  • Previous Sale Recording Date: Mar 18, 1999
  • Previous Sale Amount: $149,900
  • 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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30283373

Frequently Asked Questions

When was property at 32 Summit Avenue built and last sold?
The property at 32 Summit Avenue was built in 1850 and last sold on Apr 6, 2021 for $380,000.
How much is this home worth?
The estimated value of the home located at 32 Summit Avenue is $0.
What are some comparable homes to 32 Summit Avenue?
There are currently no comparable homes to 32 Summit Avenue.
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