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Lynn 01904
38 Bailey St
$310,000
● House - Off Market

38 Bailey St

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,506 Ft²
$447,438
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

The best deal in Lynn !  Open concept LR to DR; EIK, good systems and a solid house for a new owner to put their own polish on !  This home is spacious inside and out with two driveways and a great deck out back for relaxing and entertaining.  The four season porch can be added living space too.  A three season mudroom by the kitchen means room to store boots, bikes, etc!  New owners will love the easy commute to Rt ! or 128 or I95.  Easy access to the Gold course, all with the peace and quiet of a dead end street  Plenty of room to make a workshop or rec room in the walk out basement too !  This home will not last !  Have your pre-approvals and deposits ready! Open House this coming Weekend.  Please see virtual tour for 3D model, floor plans and room dimensions
Unit Size
1,506 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$206
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1930

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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 #72444982)

Price History

Date / Event Date Event Price
Dec 29, 2021 Sold
Premium
Sold
Nov 2, 2021 Listed by Cameron Real Estate Group - Salem $435,000
Listed by Cameron Real Estate Group - Salem
Apr 5, 2019 Sold
Premium
Sold
Jan 23, 2019 Listed by Cameron Real Estate Group - Salem $309,999
Listed by Cameron Real Estate Group - Salem
Feb 1, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1,128
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,034
  • Total Building Area: 1,506
  • Gross Building Area: 3,400
  • Building Area: 1,506
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,506
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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:179 L:023
  • Block: 179
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.486
  • Longitude: -70.9646

    Address

  • Full Address: 38 Bailey St
  • Address - House Number: 38
  • Address - Street Name: Bailey
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C024
  • 4-Digit Zip Code: 2240
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 554,172
  • High Value: 653,158
  • Low Value: 455,185

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $486,700
  • Assessed Land Value: $193,100
  • Assessed Improvements Value: $293,600

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211229005040
  • Previous Sale Recording Date: Apr 05, 2019
  • Previous Sale Contract Date: Apr 05, 2019
  • Previous Sale Amount: $310,000
  • 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

$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# 72444982

Frequently Asked Questions

When was property at 38 Bailey Street built and last sold?
The property at 38 Bailey Street was built in 1930 and last sold on Dec 29, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 38 Bailey Street is $444,214.
What are some comparable homes to 38 Bailey Street?
There are currently no comparable homes to 38 Bailey Street.
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