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Lynn 01902
4 Wayne Ave
$295,000
● House - Off Market

4 Wayne Ave

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
912 Ft²
$431,180
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Financing didn't work out so Wayne Ave is back...an affordable, very clean, move-in ready,  2 bedroom, 1.5 bath ranch-style home. There's a whole lot of room to spare in the basement for extended family, guests, or a "get-away" room for privacy, tv, games, or hobbies...you name it!! Kitchen has been updated with Corian countertops and an extended island...great back yard for cook-outs or relaxing...Close to the "T", commuter rail and bus line. Ready for a quick closing!
Unit Size
912 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$318
Property Type
House
Property Taxes
$302
HOA Dues
-
Year Built
1959

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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 #72375850)

Price History

Date / Event Date Event Price
Nov 30, 2018 Sold
Premium
Sold
Aug 8, 2018 Listed by Martel Real Estate $289,900
Listed by Martel Real Estate
Aug 30, 1999 Sold
Premium
Sold
Jun 18, 1999 Listed by Don Baker Real Estate $129,900
Listed by Don Baker Real Estate
MINT 3 BEDROOM RANCH WITH PRIVATE FENCED YARD - ALARM SYSTEM TO REMAIN.
Sep 29, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,147
  • Total Building Area: 912
  • Gross Building Area: 2,226
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 912
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000095
  • 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:096 B:474 L:017
  • Block: 474
  • Lot: 17
  • Municipality: LYNN
  • Latitude: 42.4752
  • Longitude: -70.9354

    Address

  • Full Address: 4 Wayne Ave
  • Address - House Number: 4
  • Address - Street Name: Wayne
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C012
  • 4-Digit Zip Code: 1644
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $470,900

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 440,760
  • High Value: 552,825
  • Low Value: 328,695

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $447,200
  • Assessed Land Value: $172,000
  • Assessed Improvements Value: $275,200

    Sales

  • Current Sale Recording Date: Nov 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181130008500
  • Previous Sale Recording Date: Jul 18, 2016
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72375850

Frequently Asked Questions

When was property at 4 Wayne Avenue built and last sold?
The property at 4 Wayne Avenue was built in 1959 and last sold on Jan 1, 1970 for $295,000.
How much is this home worth?
The estimated value of the home located at 4 Wayne Avenue is $296,536.
What are some comparable homes to 4 Wayne Avenue?
There are currently no comparable homes to 4 Wayne Avenue.
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