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Lynn 01904
367 Lynnfield St
$465,000
● House - Off Market

367 Lynnfield St

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
704 Ft²
$2,935
Est. Monthly

About This Property

This is a home not to missed.  Ready to move with all your big ticket updates taking care of: Bathroom, Furnace in 2020, Electrical update throughout in 2021, Water tank in 2022, Plumbing etc. This home comes with a transferable Solar Purchase agreement. Property is on 15,148 square feet of land.  Enjoy the view of Cedar Pond from your new deck , fenced backyard. Enter your home from your two car driveway through your side breezeway into the kitchen. The 2 bedrooms, living room, full bath and eating kitchen complete the main level. Lower level, not included in the square footage has a finished basement. half side family room with bar that has a walk out to the back deck.  The other half has finished room that can be used as an office or extra room.
Unit Size
704 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$753
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1950

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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: 6 months ago (MLSPIN #73212178)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Apr 18, 2024 In contract -
In contract
Mar 14, 2024 Listed by Bold Vision Real Estate Solutions, LLC $530,000
Listed by Bold Vision Real Estate Solutions, LLC
Aug 31, 2018 Sold
Premium
Sold
Jun 27, 2018 Listed by Bold Vision Real Estate Solutions, LLC $289,000
Listed by Bold Vision Real Estate Solutions, LLC
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 704
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,148
  • Total Building Area: 704
  • Gross Building Area: 1,792
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 704
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000348
  • 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:060 L:026
  • Block: 60
  • Lot: 26
  • Municipality: LYNN
  • Latitude: 42.499
  • Longitude: -70.9735

    Address

  • Full Address: 367 Lynnfield St
  • Address - House Number: 367
  • Address - Street Name: Lynnfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1410
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $398,300

    Appraisal Valuation

  • Standard Deviation: 0.1793
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 449,580
  • High Value: 530,193
  • Low Value: 368,968

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $378,300
  • Assessed Land Value: $188,300
  • Assessed Improvements Value: $190,000

    Sales

  • Current Sale Recording Date: Aug 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180831003440
  • Previous Sale Recording Date: Apr 13, 2016
  • Previous Sale Amount: $215,000
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

96.1 years

Currently For Sale

151 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: 6 months ago
Data Source: MLS PIN, MLS# 73212178

Frequently Asked Questions

When was property at 367 Lynnfield Street built and last sold?
The property at 367 Lynnfield Street was built in 1950 and last sold on Jan 1, 1970 for $275,000.
How much is this home worth?
The estimated value of the home located at 367 Lynnfield Street is $498,893.
What are some comparable homes to 367 Lynnfield Street?
There are currently no comparable homes to 367 Lynnfield Street.
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