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Lynn 01902
393 Eastern Ave
$350,000
● House - Off Market

393 Eastern Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,334 Ft²
$521,836
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

This gorgeous home located in an amazing location in Lynn, steps from Swampscott. 2 large sized bedrooms with another fair sized room and an office make this the perfect home for families, first time home buyers, or anyone who is looking to buy a beach home. Located less than a mile from the beach (3 minute drive / 20 minute walk) making it the perfect summer get away. You have your choice of Swampscott, Marblehead, Lynn, or Nahant beaches from the home. Located less than 5 minutes from multiple elementary schools, middle school, and Lynn English High School. 3 minutes from Swampscott Commuter Rail (Train). 15 minutes away from Route 1 & 95.
Unit Size
1,334 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$274
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1920

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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 #72559132)

Price History

Date / Event Date Event Price
Dec 18, 2019 Sold
Premium
Sold
Sep 4, 2019 Listed by Red Bow Realty $365,000
Listed by Red Bow Realty
Oct 15, 2004 Sold
Premium
Sold
May 31, 2004 Listed by Red Bow Realty $279,900
Listed by Red Bow Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 696
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,018
  • Total Building Area: 1,334
  • Gross Building Area: 2,204
  • Building Area: 1,334
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,334
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:105 B:420 L:046
  • Block: 420
  • Lot: 46
  • Municipality: LYNN
  • Latitude: 42.4786
  • Longitude: -70.9326

    Address

  • Full Address: 393 Eastern Ave
  • Address - House Number: 393
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1670
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,800

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 532,748
  • High Value: 633,654
  • Low Value: 431,842

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,800
  • Assessed Land Value: $177,300
  • Assessed Improvements Value: $294,500

    Sales

  • Current Sale Contract Date: Dec 17, 2019
  • Current Sale Recording Date: Dec 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191218003190
  • Previous Sale Recording Date: Oct 15, 2004
  • Previous Sale Amount: $270,000
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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# 72559132

Frequently Asked Questions

When was property at 393 Eastern Avenue built and last sold?
The property at 393 Eastern Avenue was built in 1920 and last sold on Dec 17, 2019 for $350,000.
How much is this home worth?
The estimated value of the home located at 393 Eastern Avenue is $372,280.
What are some comparable homes to 393 Eastern Avenue?
There are currently no comparable homes to 393 Eastern Avenue.
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