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Lynn 01905
35 Reed St
$600,000
● House - Off Market

35 Reed St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,622 Ft²
$3,390
Est. Monthly

About This Property

Excellent opportunity to live in the quiet neighborhood of West Lynn near the Saugus River channel. The house has been nicely done over with lots of new details. Hard wood floors in living room and bedrooms, marble floor tiles in kitchen, dining area and bathroom, finished attic with two additional rooms and very large and open basement with interior and exterior access that can be easily finished for an entertaining family room. Off street parking. For those who prefer private showings please text listing agent, lockbox is located next to mailbox.
Unit Size
1,622 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$369
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1900

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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 #73291023)

Price History

Date / Event Date Event Price
Dec 6, 2024 Sold
Premium
Sold
Oct 31, 2024 In contract -
In contract
Sep 24, 2024 In contract -
In contract
Sep 16, 2024 Listed by Re-yes Real Estate $599,000
Listed by Re-yes Real Estate
Jan 16, 2024 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,634
  • Total Building Area: 1,587
  • Gross Building Area: 3,900
  • Building Area: 1,587
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,587
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • 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: 205700

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:020 B:311 L:026
  • Block: 311
  • Lot: 26
  • Municipality: LYNN
  • Latitude: 42.4585
  • Longitude: -70.9808

    Address

  • Full Address: 35 Reed St
  • Address - House Number: 35
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C006
  • 4-Digit Zip Code: 1909
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $537,600

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 411,497
  • High Value: 444,536
  • Low Value: 378,459

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $510,500
  • Assessed Land Value: $183,500
  • Assessed Improvements Value: $327,000

    Sales

  • Current Sale Contract Date: Jan 09, 2024
  • Current Sale Recording Date: Jan 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240116001010
  • Previous Sale Recording Date: Dec 03, 2019
  • Previous Sale Contract Date: Nov 18, 2019
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: O
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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73291023

Frequently Asked Questions

When was property at 35 Reed Street built and last sold?
The property at 35 Reed Street was built in 1900 and last sold on Jan 9, 2024 for $435,000.
How much is this home worth?
The estimated value of the home located at 35 Reed Street is $587,700.
What are some comparable homes to 35 Reed Street?
There are currently no comparable homes to 35 Reed Street.
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