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Lynn 01904
4 Flax Pond Ter
$369,000
● House - Off Market

4 Flax Pond Ter

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,075 Ft²
$518,062
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Beautiful Lakeside Bungalow, one floor living, dead end off a dead end, picturesque views.  Two bedrooms, FP living room, formal dining room modern kitchen with newer appliances, full bath, deck off rear, shed, sprinkler system.  New roof and vinyl windows.  No showings until Open House on Sunday June 10 from 11:30 to 1:30.  Offers due Tuesday 6pm.
Unit Size
1,075 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$325
Property Type
House
Property Taxes
$306
HOA Dues
-
Year Built
1936

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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 #72342046)

Price History

Date / Event Date Event Price
Jul 20, 2018 Sold
Premium
Sold
Jun 7, 2018 Listed by Century 21 Hughes $349,900
Listed by Century 21 Hughes
Jun 29, 2007 Sold
Premium
Sold
Jan 11, 2007 Listed by Century 21 Hughes $249,500
Listed by Century 21 Hughes

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1936
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 1,075
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 1,075
  • Gross Building Area: 3,422
  • Building Area: 1,075
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,075
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • 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: R2

Geography

  • Parcel: LYNN M:086 B:172 L:014
  • Block: 172
  • Lot: 14
  • Municipality: LYNN
  • Latitude: 42.4805
  • Longitude: -70.9502

    Address

  • Full Address: 4 Flax Pond Ter
  • Address - House Number: 4
  • Address - Street Name: Flax Pond
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C025
  • 4-Digit Zip Code: 2621
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,800

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 592,341
  • High Value: 694,681
  • Low Value: 490,001

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,800
  • Assessed Land Value: $233,400
  • Assessed Improvements Value: $276,400

    Sales

  • Current Sale Recording Date: Jul 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 594513
  • Previous Sale Recording Date: Jun 29, 2007
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 48
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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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# 72342046

Frequently Asked Questions

When was property at 4 Flax Pond Terrace built and last sold?
The property at 4 Flax Pond Terrace was built in 1936 and last sold on Jan 1, 1970 for $369,000.
How much is this home worth?
The estimated value of the home located at 4 Flax Pond Terrace is $352,854.
What are some comparable homes to 4 Flax Pond Terrace?
There are currently no comparable homes to 4 Flax Pond Terrace.
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