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Lynn 01905
39 Safford St
$343,000
● House - Off Market

39 Safford St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,096 Ft²
$486,006
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Lovely move-in ready colonial home near Austin Square. First floor offers spacious living room, dining room, an updated kitchen and a potential to create a half bath. Second Floor features 3 good size bedrooms and 1 bathroom. Many of the large UPDATES already done, such as: new roof 2015, new HVAC forced hot air system 2017, updated electrical (200 amps) 2015, New water heater 2017, de-leaded 2015, french drains 2016, and much more. A short walk to Lynn Classical HS and Breed Middle School. Sold as-is. NO SHOWINGS UNTIL OPEN HOUSE, 2/16 SATURDAY & 2/17 SUNDAY, 1-2:30PM.
Unit Size
1,096 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$310
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1885

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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 #72452472)

Price History

Date / Event Date Event Price
May 28, 2019 Sold
Premium
Sold
Feb 12, 2019 Listed by Madelyn Garcia Real Estate $339,999
Listed by Madelyn Garcia Real Estate
Oct 28, 2015 Sold
Premium
Sold
Jul 30, 2015 Listed by Madelyn Garcia Real Estate $229,900
Listed by Madelyn Garcia Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 634
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,762
  • Total Building Area: 1,096
  • Gross Building Area: 2,000
  • Building Area: 1,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,096
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:021 B:295 L:014
  • Block: 295
  • Lot: 14
  • Municipality: LYNN
  • Latitude: 42.4621
  • Longitude: -70.9799

    Address

  • Full Address: 39 Safford St
  • Address - House Number: 39
  • Address - Street Name: Safford
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C006
  • 4-Digit Zip Code: 1955
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $497,100

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 509,923
  • High Value: 631,526
  • Low Value: 388,319

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $472,100
  • Assessed Land Value: $184,700
  • Assessed Improvements Value: $287,400

    Sales

  • Current Sale Contract Date: May 28, 2019
  • Current Sale Recording Date: May 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190528002640
  • Previous Sale Recording Date: Oct 28, 2015
  • Previous Sale Amount: $234,000
  • 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:

$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# 72452472

Frequently Asked Questions

When was property at 39 Safford Street built and last sold?
The property at 39 Safford Street was built in 1885 and last sold on May 28, 2019 for $343,000.
How much is this home worth?
The estimated value of the home located at 39 Safford Street is $343,223.
What are some comparable homes to 39 Safford Street?
There are currently no comparable homes to 39 Safford Street.
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