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Lynn 01902
324 Western Avenue
$210,000
● House - Off Market

324 Western Avenue

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,870 Ft²
$472,690
RealtyHop Estimate
105.61%
Since Mar 1, 2013
MA-Boston
Primary Model

About This Property

FIRST SHOWING SUNDAY DECEMBER 16TH FROM 12 NOON to 2PM......House is in excellent condition. Modern kitchen and modern baths. All natural wood work, beautiful fire place, and morning star case. House just painted and new roof. Hardwood floors and a den. All good size rooms. A must see inside, not a drive by.
Unit Size
1,870 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$123
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1910

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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: 5 months ago (MLSPIN #71464659)

Price History

Date / Event Date Event Price
Feb 15, 2013 Sold
Premium
Sold
Dec 13, 2012 Listed by Connor Real Estate $229,900
Listed by Connor Real Estate
Aug 23, 2001 Sold
Premium
Sold
Nov 17, 1995 Sold
Premium
Sold
Mar 16, 1995 Listed by Dewolfe-Swampscott $114,000
Listed by Dewolfe-Swampscott
ON BUSLINE TO SALEM & BOSTON, IN MINT CONDITION, NICE YARD

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 1,079
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,241
  • Total Building Area: 1,870
  • Gross Building Area: 3,377
  • Building Area: 1,870
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,870
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000120
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:071 B:683 L:006
  • Block: 683
  • Lot: 6
  • Municipality: LYNN
  • Latitude: 42.4742
  • Longitude: -70.9514

    Address

  • Full Address: 324 Western Ave
  • Address - House Number: 324
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C045
  • 4-Digit Zip Code: 3016
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $566,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 623,036
  • High Value: 721,447
  • Low Value: 524,624

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $537,600
  • Assessed Land Value: $165,300
  • Assessed Improvements Value: $372,300

    Sales

  • Current Sale Recording Date: Feb 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 23, 2001
  • Previous Sale Amount: $25,000
  • 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:

$596,450

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2491 ft²

Average Home Age

97.8 years

Currently For Sale

159 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: 5 months ago
Data Source: MLS PIN, MLS# 71464659

Frequently Asked Questions

When was property at 324 Western Avenue built and last sold?
The property at 324 Western Avenue was built in 1910 and last sold on Jan 1, 1970 for $210,000.
How much is this home worth?
The estimated value of the home located at 324 Western Avenue is $250,830.
What are some comparable homes to 324 Western Avenue?
There are currently no comparable homes to 324 Western Avenue.
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