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Lynn 01904
39 Springvale Avenue
$339,000
● House - Off Market

39 Springvale Avenue

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,394 Ft²
$582,348
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Stunningly re-done home on tree-lined street in desirable Ward 1 - Flax Pond neighborhood.  Fabulous new kitchen - a Chef's delight,  open & airy 1st floor living space includes large formal living room, formal dining room and 1/2 bath.   2nd Floor has 3 bedrooms, large full bath w double sinks and heated bathroom floor.  Finished lower level for family room/office/bedroom.  Newly paved driveway w plenty of parking, newly-sided garage, backyard, new maintenance-free deck. New electric, plumbing, front- entrance columns & steps, newly painted throughout & new interior & exterior doors.
Unit Size
1,394 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$251
Property Type
House
Property Taxes
$356
HOA Dues
-
Year Built
1926

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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 #72016954)

Price History

Date / Event Date Event Price
Sep 26, 2016 Sold
Premium
Sold
Jun 3, 2016 Listed by Coldwell Banker Residential Brokerage - Salem $349,700
Listed by Coldwell Banker Residential Brokerage - Salem
Nov 3, 2014 Sold
Premium
Sold
Jun 11, 2014 Listed by Coldwell Banker Residential Brokerage - Salem $223,000
Listed by Coldwell Banker Residential Brokerage - Salem

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 724
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,598
  • Total Building Area: 1,394
  • Gross Building Area: 2,288
  • Building Area: 1,394
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,394
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:073 B:191 L:054
  • Block: 191
  • Lot: 54
  • Municipality: LYNN
  • Latitude: 42.483
  • Longitude: -70.9602

    Address

  • Full Address: 39 Springvale Ave
  • Address - House Number: 39
  • Address - Street Name: Springvale
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C029
  • 4-Digit Zip Code: 2514
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $589,500

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 599,903
  • High Value: 744,593
  • Low Value: 455,213

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $559,800
  • Assessed Land Value: $191,600
  • Assessed Improvements Value: $368,200

    Sales

  • Current Sale Recording Date: Sep 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 663
  • Previous Sale Recording Date: Nov 03, 2014
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 35
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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72016954

Frequently Asked Questions

When was property at 39 Springvale Avenue built and last sold?
The property at 39 Springvale Avenue was built in 1926 and last sold on Jan 1, 1970 for $339,000.
How much is this home worth?
The estimated value of the home located at 39 Springvale Avenue is $359,772.
What are some comparable homes to 39 Springvale Avenue?
There are currently no comparable homes to 39 Springvale Avenue.
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