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Lynn 01902
39 Timson St
$440,000
● House - Off Market

39 Timson St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,447 Ft²
$397,447
RealtyHop Estimate
13.59%
Since Oct 1, 2021
MA-Boston
Primary Model

About This Property

Charming colonial on a quiet street. Minutes from desirable Lynn Shore Drive, coastal trails, beaches, shopping, dining and commuter rail. First floor includes expansive bay windows in the living room, lots of natural light, carpet, hardwood floors, 3/4 bath and a large dining room. A bonus room located on the first floor has the potential to be another bedroom, office or playroom. Second floor showcases 3 bedrooms and a full bath. Newer heating system, replacement windows throughout, new roof, aluminum siding with blown in insulation and ample off street parking. This lovingly cared for home is waiting for new owners to make it their own!
Unit Size
1,447 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$242
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1900

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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: 5 years ago (MLSPIN #72867270)

Price History

Date / Event Date Event Price
Sep 2, 2021 Sold
Premium
Sold
Jul 20, 2021 Listed by Return Realty Group, Inc. $349,900
Listed by Return Realty Group, Inc.
Nov 24, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 965
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,176
  • Total Building Area: 1,447
  • Gross Building Area: 2,749
  • Building Area: 1,447
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,447
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:104 B:527 L:024
  • Block: 527
  • Lot: 24
  • Municipality: LYNN
  • Latitude: 42.4731
  • Longitude: -70.9292

    Address

  • Full Address: 39 Timson St
  • Address - House Number: 39
  • Address - Street Name: Timson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1824
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $497,600

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 544,335
  • High Value: 644,284
  • Low Value: 444,386

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $472,600
  • Assessed Land Value: $193,900
  • Assessed Improvements Value: $278,700

    Sales

  • Current Sale Contract Date: Sep 02, 2021
  • Current Sale Recording Date: Sep 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210902003920
  • Previous Sale Recording Date: Nov 24, 1987
  • Previous Sale Amount: $125,000
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

96.1 years

Currently For Sale

151 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: 5 years ago
Data Source: MLS PIN, MLS# 72867270

Frequently Asked Questions

When was property at 39 Timson Street built and last sold?
The property at 39 Timson Street was built in 1900 and last sold on Sep 2, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 39 Timson Street is $0.
What are some comparable homes to 39 Timson Street?
There are currently no comparable homes to 39 Timson Street.
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