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Lynn 01905
36 Echo Grove Ave.
Photo of 36 Echo Grove Ave.
Sold on Mar 21, 2008

1

Map

$304,000
● House - Off Market

36 Echo Grove Ave.

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,796 Ft²
$657,530
RealtyHop Estimate
101.76%
Since Apr 1, 2008
MA-Boston
Primary Model

About This Property

SELLER SAYS "BRING OFFERS!"  Brand new construction with Boston skyline views in quiet neighborhood setting. Three large bedrooms, 1.5 baths, Central Air, center island in kit. w/stainless steel appliances. Master bedroom w/Full BTH & walk in closet.  Potential for add'l liv. space in basement for a large family room, in-law or more bedrooms. Attic has a pull down staircase for add'l space. Large deck off dining area with great views.  Seller will consider contributing to Buyer's closing costs.
Unit Size
1,796 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$181
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2007

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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 #70660951)

Price History

Date / Event Date Event Price
Mar 21, 2008 Sold
Premium
Sold
Oct 9, 2007 Listed $325,900
Listed
Mar 2, 2007 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 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: 4,822
  • Total Building Area: 2,128
  • Gross Building Area: 3,476
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • 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: R2

Geography

  • Parcel: LYNN M:021 B:293 L:009
  • Block: 293
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4613
  • Longitude: -70.9793

    Address

  • Full Address: 36 Echo Grove Ave
  • Address - House Number: 36
  • Address - Street Name: Echo Grove
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C006
  • 4-Digit Zip Code: 1967
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $723,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 717,205
  • High Value: 838,536
  • Low Value: 595,874

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $687,400
  • Assessed Land Value: $157,200
  • Assessed Improvements Value: $530,200

    Sales

  • Current Sale Recording Date: Mar 21, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 02, 2007
  • Previous Sale Amount: $46,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70660951

Frequently Asked Questions

When was property at 36 Echo Grove Avenue built and last sold?
The property at 36 Echo Grove Avenue was built in 2007 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 36 Echo Grove Avenue is $348,000.
What are some comparable homes to 36 Echo Grove Avenue?
There are currently no comparable homes to 36 Echo Grove Avenue.
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