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Lynn 01904
38 Lover's Leap Ave
Photo of 38 Lover's Leap Ave
Sold on Mar 31, 2006

1

Map

$283,500
● House - Off Market

38 Lover's Leap Ave

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,190 Ft²
$538,931
RealtyHop Estimate
80.24%
Since Apr 1, 2006
MA-Boston
Primary Model

About This Property

OH 1/15/06 1:00-3:00PM  Wonderful single family home featuring new central air, new w/w capeting, hardwood floors, custom made kitchen cabinets, new doors and windows, freshly painted throughout, 2 fireplaces, 1st floor master bedroom, 2 full baths, lots of closet space, partially finished basement, full alarm system ready to go, hard wired smoke detectors and 2 year old heating system! Great home at a great price!
Unit Size
1,190 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$251
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1977

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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 #70299719)

Price History

Date / Event Date Event Price
Apr 14, 2021 Sold
Premium
Sold
Dec 28, 2020 Listed $429,900
Listed
Mar 31, 2006 Sold
Premium
Sold
Nov 30, 2005 Listed $299,000
Listed
Jul 30, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 7
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,769
  • Total Building Area: 1,190
  • Gross Building Area: 2,976
  • Building Area: 1,190
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,190
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • 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: 205900

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:055 B:216 L:042
  • Block: 216
  • Lot: 42
  • Municipality: LYNN
  • Latitude: 42.4724
  • Longitude: -70.9641

    Address

  • Full Address: 38 Lovers Leap Ave
  • Address - House Number: 38
  • Address - Street Name: Lovers Leap
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 2824
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $539,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 518,684
  • High Value: 600,612
  • Low Value: 436,755

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $511,900
  • Assessed Land Value: $164,600
  • Assessed Improvements Value: $347,300

    Sales

  • Current Sale Contract Date: Apr 14, 2021
  • Current Sale Recording Date: Apr 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210414002610
  • Previous Sale Recording Date: Mar 31, 2006
  • Previous Sale Amount: $283,500
  • 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:

$596,450

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2491 ft²

Average Home Age

97.8 years

Currently For Sale

159 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# 70299719

Frequently Asked Questions

When was property at 38 Lovers Leap Avenue built and last sold?
The property at 38 Lovers Leap Avenue was built in 1977 and last sold on Apr 14, 2021 for $460,000.
How much is this home worth?
The estimated value of the home located at 38 Lovers Leap Avenue is $431,588.
What are some comparable homes to 38 Lovers Leap Avenue?
There are currently no comparable homes to 38 Lovers Leap Avenue.
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