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Lynn 01902
34 Bessom St
$270,000
● House - Off Market

34 Bessom St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,855 Ft²
$510,307
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

BACK ON MARKET DUE TO BUYER'S FINANCING!!!  BIG Classic Dutch Colonial with many period details! And modern amenities: Central Air, Central Vac, spacious Custom Oak Kitchen with convenient first floor laundry! Inviting Family Room Addition with Sliders to large wrap-around Deck! Ceramic Tile baths, HW floors. 3 large Bedrooms upstairs, plus a Walk-in Closet!  Updated gas heating system, newer roof, 200 amp electric. Long-time homeowner has retained much of the charm of this home, while adding the modern features! Some additional cosmetic updating remains, but so worth the effort. Fully fenced yard, great for kids, pets. Big 2-car Garage! Super East Lynn location near Swamscott line, 1/2 mile to Beach, close to Swampscott Commuter Rail to Boston.
Unit Size
1,855 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$151
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1930

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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 #71667095)

Price History

Date / Event Date Event Price
Sep 3, 2014 Sold
Premium
Sold
Apr 23, 2014 Listed by Century 21 Hughes $279,900
Listed by Century 21 Hughes
Dec 8, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,111
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,855
  • Gross Building Area: 3,327
  • Building Area: 1,855
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,855
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:105 B:424 L:013
  • Block: 424
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4762
  • Longitude: -70.9289

    Address

  • Full Address: 34 Bessom St
  • Address - House Number: 34
  • Address - Street Name: Bessom
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1205
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,300

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 604,250
  • High Value: 715,201
  • Low Value: 493,299

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $519,800
  • Assessed Land Value: $192,900
  • Assessed Improvements Value: $326,900

    Sales

  • Current Sale Recording Date: Sep 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90300114
  • Previous Sale Recording Date: Dec 08, 1993
  • Previous Sale Amount: $10,000
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71667095

Frequently Asked Questions

When was property at 34 Bessom Street built and last sold?
The property at 34 Bessom Street was built in 1930 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 34 Bessom Street is $304,340.
What are some comparable homes to 34 Bessom Street?
There are currently no comparable homes to 34 Bessom Street.
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