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Lynn 01904
391 Cedar Brook Rd
Photo of 391 Cedar Brook Rd
Sold on Apr 17, 2025

31

Map

Photo of 391 Cedar Brook Rd
Photo of 391 Cedar Brook Rd
$630,000
● House - Off Market

391 Cedar Brook Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,952 Ft²
$3,317
Est. Monthly
5.65%
Cap Rate

About This Property

Don't miss your chance to own 391 Cedar Brook! This beautifully maintained ranch has been thoughtfully updated over the years. The kitchen was renovated in 2018, and hardwood floors run throughout the main level. There's even potential to expand your living space with a sunroom overlooking the private backyard. The main level offers three bedrooms and a full bath, while a brand-new central A/C condenser (2022) keeps the home cool in the summer. Downstairs, the lower level is a versatile space with epoxy flooring, a second bathroom, and direct garage access-perfect for additional living space, a home gym, or storage. Conveniently located near parks, playgrounds, highways, Lynn Woods Reservation, Gannon Golf Course, and the highly regarded Shoemaker Elementary School. Offers due Monday 03/17/25 at 6:00PM.
Unit Size
1,952 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$297
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1955

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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 #73345662)

Price History

Date / Event Date Event Price
Apr 17, 2025 Sold
Premium
Sold
Mar 18, 2025 In contract -
In contract
Mar 14, 2025 Listed $579,900
Listed
Aug 10, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,669
  • Total Building Area: 1,170
  • Gross Building Area: 2,512
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000222
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:063 B:050 L:039
  • Block: 50
  • Lot: 39
  • Municipality: LYNN
  • Latitude: 42.5073
  • Longitude: -70.9801

    Address

  • Full Address: 391 Cedar Brook Rd
  • Address - House Number: 391
  • Address - Street Name: Cedar Brook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1350
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,800

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 577,856
  • High Value: 683,680
  • Low Value: 472,032

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,500
  • Assessed Land Value: $186,700
  • Assessed Improvements Value: $309,800

    Sales

  • Current Sale Recording Date: Aug 10, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 69632
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

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73345662

Frequently Asked Questions

When was property at 391 Cedar Brook Road built and last sold?
The property at 391 Cedar Brook Road was built in 1955 and last sold on Jan 1, 1970 for $139,900.
How much is this home worth?
The estimated value of the home located at 391 Cedar Brook Road is $0.
What are some comparable homes to 391 Cedar Brook Road?
There are currently no comparable homes to 391 Cedar Brook Road.
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