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Lynn 01904
34 Ledgemont Ln
$370,000
● House - Off Market

34 Ledgemont Ln

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,475 Ft²
$656,695
RealtyHop Estimate
75.17%
Since Dec 1, 2015
MA-Boston
Primary Model

About This Property

Private, updated, well maintained, professionally landscaped 3 bed 2 bath house in the highly sought after Fay Estates.     This beautiful raised ranch with garage has New Gas Heat, Central Air and Hot water, New Windows, New interior/exterior doors and hardware, Re-pointed chimney, Re-lined and Re-capped wood burning fire place. New Marble Bath, New (High End) Stainless Steel appliances, Newly renovated custom finished entry level living space (marble, Travertine and Cultured Field Stone) Newly refinished 16x32 Ft Custom Deck with 25 year maintenance free materials and wall to wall walnut stained hardwood floors. 34 Ledgemont Lane sits on a picturesque lot in a cul-de-sac on the top of a hill with fenced in privacy on all three sides.
Unit Size
1,475 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$254
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1965

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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 #71886708)

Price History

Date / Event Date Event Price
Nov 2, 2015 Sold
Premium
Sold
Aug 4, 2015 Listed by NorthLight Homes $374,900
Listed by NorthLight Homes
Feb 26, 2010 Sold
Premium
Sold
Jan 22, 2010 Listed by NorthLight Homes $279,900
Listed by NorthLight Homes

Property Highlights

Parking Available
Garage
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 700
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,799
  • Total Building Area: 1,040
  • Gross Building Area: 2,506
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:100 B:140 L:022
  • Block: 140
  • Lot: 22
  • Municipality: LYNN
  • Latitude: 42.4905
  • Longitude: -70.9474

    Address

  • Full Address: 34 Ledgemont Ln
  • Address - House Number: 34
  • Address - Street Name: Ledgemont
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2024
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,300

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 615,314
  • High Value: 725,222
  • Low Value: 505,407

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,400
  • Assessed Land Value: $221,200
  • Assessed Improvements Value: $343,200

    Sales

  • Current Sale Contract Date: Nov 02, 2015
  • Current Sale Recording Date: Nov 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 566778
  • Previous Sale Recording Date: Feb 26, 2010
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: 48
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71886708

Frequently Asked Questions

When was property at 34 Ledgemont Lane built and last sold?
The property at 34 Ledgemont Lane was built in 1965 and last sold on Nov 2, 2015 for $370,000.
How much is this home worth?
The estimated value of the home located at 34 Ledgemont Lane is $389,381.
What are some comparable homes to 34 Ledgemont Lane?
There are currently no comparable homes to 34 Ledgemont Lane.
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