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Lynn 01904
38 Millard Ave
$257,500
● House - Off Market

38 Millard Ave

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,776 Ft²
$492,777
RealtyHop Estimate
82.58%
Since May 1, 2014
MA-Boston
Primary Model

About This Property

Great Ward 1 location, easy access to routes 128 & 1 and very close to highly rated Lynn Woods Elementary School! Large 7 room cape feauturing 3 bedrooms 3 bathrooms, all natuaral woodwork, Anderson replacement windows and master bedroom with master bath. First floor features all hardwood floors and includes a living room with a fireplace, dining room, and office / den overlooking a large level completely fenced in backyard perfect for a play area for younger children and pets. Two bedrooms are oversized and the home has plenty of closets and storage space including a large storage shed in backyard. This easy to show house looks small from the outside but is surprisingly very spacious inside with lots of possiblities waiting for your personal touch!!
Unit Size
1,776 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$152
Property Type
House
Property Taxes
$369
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: 4 months ago (MLSPIN #71613108)

Price History

Date / Event Date Event Price
Apr 18, 2014 Sold
Premium
Sold
Dec 3, 2013 Listed by A. James Lynch, Inc. $269,900
Listed by A. James Lynch, Inc.

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,953
  • Total Building Area: 1,776
  • Gross Building Area: 3,078
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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:076 B:070 L:043
  • Block: 70
  • Lot: 43
  • Municipality: LYNN
  • Latitude: 42.4958
  • Longitude: -70.9683

    Address

  • Full Address: 38 Millard Ave
  • Address - House Number: 38
  • Address - Street Name: Millard
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1732
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1824
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 610,531
  • High Value: 721,920
  • Low Value: 499,141

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $559,100
  • Assessed Land Value: $198,400
  • Assessed Improvements Value: $360,700

    Sales

  • Current Sale Contract Date: Apr 18, 2014
  • Current Sale Recording Date: Apr 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 551545
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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 71613108

Frequently Asked Questions

When was property at 38 Millard Avenue built and last sold?
The property at 38 Millard Avenue was built in 1950 and last sold on Apr 18, 2014 for $257,500.
How much is this home worth?
The estimated value of the home located at 38 Millard Avenue is $292,964.
What are some comparable homes to 38 Millard Avenue?
There are currently no comparable homes to 38 Millard Avenue.
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