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Lynn 01904
34 Michael Rd
$522,000
● House - Off Market

34 Michael Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,100 Ft²
$708,170
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Priced to Sell! Beautiful 7 room Colonial in desirable Ward One location, abutting Lynn Woods. This lovely home is situated on a cul-de-sac in a quiet residential neighborhood. Features include , fenced private backyard with gazebo, perfect for entertaining and enjoyment on summer evenings. Master bedroom has master bath, and walk-in closet. Two car garage with bonus storage area, assessable from first level and basement. First floor laundry, central air, security system, and lawn irrigation system. Minutes to all major highways, Rte.1, 128, 95, and public transportation. Bring your personal touches to make this home your own.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$236
Property Type
House
Property Taxes
$595
HOA Dues
-
Year Built
1994

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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 #72536313)

Price History

Date / Event Date Event Price
Aug 30, 2019 Sold
Premium
Sold
Jul 18, 2019 Listed by Cameron Real Estate Group $495,000
Listed by Cameron Real Estate Group
Sep 5, 2006 Sold
Premium
Sold
Mar 28, 2006 Listed by Cameron Real Estate Group $499,500
Listed by Cameron Real Estate Group
Feb 4, 1994 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 888
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,013
  • Total Building Area: 1,776
  • Gross Building Area: 3,486
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000299
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:046 B:019 L:132
  • Block: 19
  • Lot: 132
  • Municipality: LYNN
  • Latitude: 42.499
  • Longitude: -70.9858

    Address

  • Full Address: 34 Michael Rd
  • Address - House Number: 34
  • Address - Street Name: Michael
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1434
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $823,200

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 781,873
  • High Value: 917,624
  • Low Value: 646,123

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $781,800
  • Assessed Land Value: $220,200
  • Assessed Improvements Value: $561,600

    Sales

  • Current Sale Contract Date: Aug 27, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190830003560
  • Previous Sale Recording Date: Sep 05, 2006
  • Previous Sale Amount: $485,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2697 ft²

Average Home Age

97 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72536313

Frequently Asked Questions

When was property at 34 Michael Road built and last sold?
The property at 34 Michael Road was built in 1994 and last sold on Aug 27, 2019 for $522,000.
How much is this home worth?
The estimated value of the home located at 34 Michael Road is $517,014.
What are some comparable homes to 34 Michael Road?
There are currently no comparable homes to 34 Michael Road.
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