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Lynn 01905
393 Summer St
$499,000
● House - Off Market

393 Summer St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,544 Ft²
$674,121
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Better than new is this well maintained 2011 three bedroom two full bath colonial!!  First floor consists of living room, full bath, wonderful kitchen with stainless steel appliances and dining area complete with Bamboo flooring throughout!  Second floor includes spacious master bedroom, two good sized bedrooms and a full bath!  Potential in law or additional living area in finished basement with kitchenette.  Deck overlooking level backyard, fruit trees and beautiful blooming spring flowers!!! Do not miss out on this beauty!!!  First showings at OH 5/24 12-1pm.
Unit Size
1,544 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$324
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
2011

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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 months ago (MLSPIN #72659730)

Price History

Date / Event Date Event Price
Jul 17, 2020 Sold
Premium
Sold
May 21, 2020 Listed by RE/MAX American Dream $499,900
Listed by RE/MAX American Dream
May 21, 2018 Sold
Premium
Sold
Apr 2, 2018 Listed by RE/MAX American Dream $349,900
Listed by RE/MAX American Dream

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Building Count: 1
  • Total Rooms: 6
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 616
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,634
  • Total Building Area: 1,244
  • Gross Building Area: 1,972
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,244
  • 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: 207100

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:036 B:765 L:023
  • Block: 765
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4602
  • Longitude: -70.9628

    Address

  • Full Address: 393 Summer St
  • Address - House Number: 393
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C019
  • 4-Digit Zip Code: 2862
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $600,200

    Appraisal Valuation

  • Standard Deviation: 0.1643
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 676,093
  • High Value: 786,922
  • Low Value: 565,265

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $570,000
  • Assessed Land Value: $176,800
  • Assessed Improvements Value: $393,200

    Sales

  • Current Sale Contract Date: Jul 16, 2020
  • Current Sale Recording Date: Jul 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200717001570
  • Previous Sale Recording Date: May 21, 2018
  • Previous Sale Amount: $380,000
  • 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

2496 ft²

Average Home Age

97.5 years

Currently For Sale

158 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: 5 months ago
Data Source: MLS PIN, MLS# 72659730

Frequently Asked Questions

When was property at 393 Summer Street built and last sold?
The property at 393 Summer Street was built in 2011 and last sold on Jul 16, 2020 for $499,900.
How much is this home worth?
The estimated value of the home located at 393 Summer Street is $508,043.
What are some comparable homes to 393 Summer Street?
There are currently no comparable homes to 393 Summer Street.
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