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Lynn 01904
4 Mary Ellen Drive
$390,000
● House - Off Market

4 Mary Ellen Drive

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,300 Ft²
$869,874
RealtyHop Estimate
117.52%
Since Feb 1, 2003
MA-Boston
Primary Model

About This Property

GREAT MULTI LEVEL HOME.ANDERSON WINDOWS THROUGHOUT.OPEN FLOOR PLAN W/VAULTED CEILINGS & SKYLIGHTS.2 BR'S HAVE FULL BATHS,32X24 AG POOL(SELF CLEANING)& DECK.LARGE PRIVATE YARD AGENTS MUST ACCOMPANY BUYERS TO RECEIVE COMPENSATION
Unit Size
2,300 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$174
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1990

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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 #30653154)

Price History

Date / Event Date Event Price
Jan 31, 2003 Sold
Premium
Sold
Oct 1, 2002 Listed by A. James Lynch, Inc. $399,900
Listed by A. James Lynch, Inc.
Sep 16, 1998 Sold
Premium
Sold
Aug 4, 1998 Listed by A. James Lynch, Inc. $239,900
Listed by A. James Lynch, Inc.

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 704
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,717
  • Total Building Area: 1,772
  • Gross Building Area: 3,112
  • Building Area: 1,772
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,772
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • 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:061 B:019 L:127
  • Block: 19
  • Lot: 127
  • Municipality: LYNN
  • Latitude: 42.4977
  • Longitude: -70.9804

    Address

  • Full Address: 4 Mary Ellen Dr
  • Address - House Number: 4
  • Address - Street Name: Mary Ellen
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1440
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $737,900

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 769,023
  • High Value: 898,390
  • Low Value: 639,657

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $700,800
  • Assessed Land Value: $220,100
  • Assessed Improvements Value: $480,700

    Sales

  • Current Sale Recording Date: Jan 31, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 16, 1998
  • Previous Sale Amount: $240,000
  • 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:

$592,493

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2441 ft²

Average Home Age

96 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30653154

Frequently Asked Questions

When was property at 4 Mary Ellen Drive built and last sold?
The property at 4 Mary Ellen Drive was built in 1990 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 4 Mary Ellen Drive is $416,189.
What are some comparable homes to 4 Mary Ellen Drive?
There are currently no comparable homes to 4 Mary Ellen Drive.
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