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Lynn 01904
34 Oak Ridge Rd
$375,000
● House - Off Market

34 Oak Ridge Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,000 Ft²
$602,088
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

Motivated Seller...perfect opportunity for a contractor, investor or someone looking to build instant equity.  Located in sought after Ward 1 in a beautiful neighborhood on a dead end street.  This spacious, sun-lit  home boasts 3 bedrooms, 1 1/2 baths, windows and closets galore, extra large living room and formal dining room, 2 wood burning fireplaces, sun porch and plenty of room for the extended family in the enormous full walk-out finished basement which could easily been turned into an in-law suite.  Enjoy the private 25,970 sq. ft. yard, central air and a 1 car garage.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$200
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1963

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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 #72257922)

Price History

Date / Event Date Event Price
Mar 7, 2018 Sold
Premium
Sold
Nov 22, 2017 Listed by Century 21 Commonwealth $399,900
Listed by Century 21 Commonwealth

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,305
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,970
  • Total Building Area: 1,305
  • Gross Building Area: 3,013
  • Building Area: 1,305
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,305
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000596
  • 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:077 B:065 L:068
  • Block: 65
  • Lot: 68
  • Municipality: LYNN
  • Latitude: 42.4997
  • Longitude: -70.9667

    Address

  • Full Address: 34 Oak Ridge Rd
  • Address - House Number: 34
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C043
  • 4-Digit Zip Code: 1562
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $578,800

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 593,240
  • High Value: 702,660
  • Low Value: 483,820

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $549,700
  • Assessed Land Value: $222,300
  • Assessed Improvements Value: $327,400

    Sales

  • Current Sale Recording Date: Mar 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180307002980
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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

97.7 years

Currently For Sale

163 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# 72257922

Frequently Asked Questions

When was property at 34 Oak Ridge Road built and last sold?
The property at 34 Oak Ridge Road was built in 1963 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 34 Oak Ridge Road is $421,661.
What are some comparable homes to 34 Oak Ridge Road?
There are currently no comparable homes to 34 Oak Ridge Road.
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