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Lynn 01904
38 Averill Street
$275,000
● House - Off Market

38 Averill Street

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,637 Ft²
$508,667
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

Meticulously maintained WARD I Ranch.  Featuring an eat in kitchen with stainless steel appliances,  2 spacious first floor bedrooms, a generous living room, and a full bath. The large deck is just off the kitchen for easy access to grill and back yard.  The lower level, provides an additional 725 sq ft of living space with a second family room, large master bedroom, and a half bath. In addition, it has a walk out to a pristine backyard with plenty of green space. Fully fenced with quality masonry work consisting of walkways, concrete patios and rock walls. It also has an above ground pool with which has a newer pump, filter, and vacuum.   Updated Systems complete this turn key property: Roof,heating system, and electrical all updated in 2006. A must see single family home in a very convenient location.
Unit Size
1,637 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$170
Property Type
House
Property Taxes
$339
HOA Dues
-
Year Built
1983

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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 #71715668)

Price History

Date / Event Date Event Price
Sep 22, 2014 Sold
Premium
Sold
Jul 17, 2014 Listed by Jonah REALTORS® $279,000
Listed by Jonah REALTORS®
Aug 12, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,660
  • Total Building Area: 912
  • Gross Building Area: 2,540
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 912
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LYNN MASS SUB LAND PLAN 35
  • Land Acres: 0000000176
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:074 B:182 L:069
  • Block: 182
  • Lot: 69
  • Municipality: LYNN
  • Latitude: 42.4862
  • Longitude: -70.9662

    Address

  • Full Address: 38 Averill St
  • Address - House Number: 38
  • Address - Street Name: Averill
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C024
  • 4-Digit Zip Code: 2238
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $575,700

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 567,233
  • High Value: 675,170
  • Low Value: 459,296

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $546,700
  • Assessed Land Value: $203,000
  • Assessed Improvements Value: $343,700

    Sales

  • Current Sale Recording Date: Sep 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92200463
  • Previous Sale Recording Date: Aug 12, 1993
  • Previous Sale Amount: $105,500
  • 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:

$594,986

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2489 ft²

Average Home Age

98 years

Currently For Sale

155 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: 6 months ago
Data Source: MLS PIN, MLS# 71715668

Frequently Asked Questions

When was property at 38 Averill Street built and last sold?
The property at 38 Averill Street was built in 1983 and last sold on Jan 1, 1970 for $275,000.
How much is this home worth?
The estimated value of the home located at 38 Averill Street is $298,770.
What are some comparable homes to 38 Averill Street?
There are currently no comparable homes to 38 Averill Street.
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