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Lynn 01905
368 Summer Street
$562,500
● House - Off Market

368 Summer Street

Lynn, MA 01905
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,720 Ft²
$3,083
Est. Monthly

About This Property

Lovely updated huge Colonial. featuring 5 bedrooms 2 full baths, ei kitchen, living room and formal dining room. kitchen is fully appliances with SS appliances and as a bonus seller included brand new washer and dryer. new & original hardwood flooring. large rooms with about 8 foot ceilings. new heat/ac system energy efficient, new roof, windows, and electric. Also 2 -3 car off street parking and new deck in rear.  nothing to do but move in. easy to show but some notice is needed. showings during daylight hours and agents must accompany buyers. (all pictures were staged property has no furniture inside) seller wants to see approval letter with showing requests- before appointments. please email them to list agent
Unit Size
1,720 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$320
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73194794)

Price History

Date / Event Date Event Price
Jun 14, 2024 Sold
Premium
Sold
May 10, 2024 Price Decreased $550,000
↓ $9K (1.6%)
Price Decreased
May 7, 2024 Price Decreased $558,999
↓ $8K (1.4%)
Price Decreased
May 6, 2024 Price Decreased $566,900
↓ $1K (0.2%)
Price Decreased
Apr 19, 2024 Relisted $567,900
Relisted
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 1,180
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,546
  • Total Building Area: 1,720
  • Gross Building Area: 3,176
  • Building Area: 1,720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,720
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000058
  • 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: 207100

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:052 B:770 L:002
  • Block: 770
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4599
  • Longitude: -70.9612

    Address

  • Full Address: 368 Summer St
  • Address - House Number: 368
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C019
  • 4-Digit Zip Code: 2947
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $447,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 595,314
  • High Value: 642,768
  • Low Value: 547,859

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,600
  • Assessed Land Value: $166,200
  • Assessed Improvements Value: $258,400

    Sales

  • Current Sale Contract Date: Aug 02, 2023
  • Current Sale Recording Date: Aug 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20230803000710
  • Previous Sale Recording Date: Oct 27, 2020
  • Previous Sale Contract Date: May 04, 2020
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 34
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

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2536 ft²

Average Home Age

96.5 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: 4 months ago
Data Source: MLS PIN, MLS# 73194794

Frequently Asked Questions

When was property at 368 Summer Street built and last sold?
The property at 368 Summer Street was built in 1900 and last sold on Aug 2, 2023 for $270,500.
How much is this home worth?
The estimated value of the home located at 368 Summer Street is $555,500.
What are some comparable homes to 368 Summer Street?
There are currently no comparable homes to 368 Summer Street.
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