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Lynn 01905
39 Garfield Terrace
$510,000
● House - Off Market

39 Garfield Terrace

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,072 Ft²
$479,180
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Well maintained 3 bedroom Ranch offering spacious, open living room/dining room combination, updated eat-in kitchen, renovated tile bath, partially finished lower level with play room and laundry area, sunny deck overlooking great, private yard, nicely located on a cul-de-sac in desirable Lynnhurst neighborhood.Showings will begin Friday March 4th  4:30-5:30 -  Saturday March 5th 12:30-1:30 - Sunday March 6th 12:30-1:30Offers, if any, will be due Monday at 2:00.
Unit Size
1,072 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$438
Property Type
House
Property Taxes
$389
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 #72948459)

Price History

Date / Event Date Event Price
Apr 7, 2022 Sold
Premium
Sold
Mar 3, 2022 Listed by Carpenito Real Estate, Inc. $469,900
Listed by Carpenito Real Estate, Inc.
Jul 1, 1979 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,734
  • Total Building Area: 1,072
  • Gross Building Area: 2,228
  • Building Area: 1,072
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,072
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:007 B:376 L:060
  • Block: 376
  • Lot: 60
  • Municipality: LYNN
  • Latitude: 42.4724
  • Longitude: -70.9931

    Address

  • Full Address: 39 Garfield Ter
  • Address - House Number: 39
  • Address - Street Name: Garfield
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 1310
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,300

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 567,278
  • High Value: 671,306
  • Low Value: 463,250

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,300
  • Assessed Land Value: $216,200
  • Assessed Improvements Value: $255,100

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: Apr 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220407001840
  • Previous Sale Recording Date: Jul 01, 1979
  • Previous Sale Amount: $47,900
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 years

Currently For Sale

162 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# 72948459

Frequently Asked Questions

When was property at 39 Garfield Terrace built and last sold?
The property at 39 Garfield Terrace was built in 1950 and last sold on Apr 7, 2022 for $510,000.
How much is this home worth?
The estimated value of the home located at 39 Garfield Terrace is $475,557.
What are some comparable homes to 39 Garfield Terrace?
There are currently no comparable homes to 39 Garfield Terrace.
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