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Lynn 01902
36 Bruce
$480,000
● House - Off Market

36 Bruce

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,656 Ft²
$2,593
Est. Monthly

About This Property

Welcome to 36 Bruce Place. This home has space and is located on a dead end street. It features two kitchens and two bathrooms. Two rooms that can be utilized a few different ways, and three bedrooms. Off street parking for three vehicles and a yard for entertainment give the home privacy at the end of the street. This home as an interesting floor plan, a new owner can get creative. Home is being sold 'AS-IS'. If you are looking for a home to update with your own style, this is a great option.
Unit Size
1,656 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$272
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1896

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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 #73171847)

Price History

Date / Event Date Event Price
Dec 1, 2023 Sold
Premium
Sold
Oct 20, 2023 In contract -
In contract
Oct 18, 2023 Listed by Cameron Real Estate Group $449,999
Listed by Cameron Real Estate Group
Jan 31, 2011 Sold
Premium
Sold
Oct 11, 2010 Listed by Cameron Real Estate Group $139,900
Listed by Cameron Real Estate Group
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 953
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,754
  • Total Building Area: 1,657
  • Gross Building Area: 2,741
  • Building Area: 1,657
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,657
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST MEADOW MILL
  • Land Acres: 0000000086
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:095 B:516 L:044
  • Block: 516
  • Lot: 44
  • Municipality: LYNN
  • Latitude: 42.4697
  • Longitude: -70.9339

    Address

  • Full Address: 36 Bruce Pl
  • Address - House Number: 36
  • Address - Street Name: Bruce
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C031
  • 4-Digit Zip Code: 2313
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $489,000

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 550,419
  • High Value: 690,366
  • Low Value: 410,473

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,400
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $294,400

    Sales

  • Current Sale Contract Date: Dec 01, 2023
  • Current Sale Recording Date: Dec 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20231201003890
  • Previous Sale Recording Date: Jan 31, 2011
  • Previous Sale Amount: $133,000
  • 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

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# 73171847

Frequently Asked Questions

When was property at 36 Bruce Place built and last sold?
The property at 36 Bruce Place was built in 1896 and last sold on Dec 1, 2023 for $480,000.
How much is this home worth?
The estimated value of the home located at 36 Bruce Place is $458,017.
What are some comparable homes to 36 Bruce Place?
There are currently no comparable homes to 36 Bruce Place.
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