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Lynn 01902
40 Bloomfield
$490,000
● House - Off Market

40 Bloomfield

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,853 Ft²
$506,462
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

BACK ON MARKET - Buyer financing fell through at no fault of the seller. Beautiful colonial with amazing potential. This 4-bedroom, 1.5 bath 1920's Foursquare Colonial located near Goldfish Pond Park has gorgeous, original and hard-to-come-by details including built-ins, hardwood flooring, original millwork, pantry, staircase and french doors. Some newer systems, updated electrical, 2-car garage, a charming front porch, walk-up attic..this home is a rare find. Smoke certificate in hand. Update 12/28: Due to significant interest, holding offers until Wednesday, 12/29 at 3:00pm with 24 hour (6pm) review. Seller reserves right to review offers as they come in.
Unit Size
1,853 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$256
Property Type
House
Property Taxes
$426
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72908416)

Price History

Date / Event Date Event Price
Feb 7, 2022 Sold
Premium
Sold
Oct 14, 2021 Listed by Coldwell Banker Realty - Marblehead $474,000
Listed by Coldwell Banker Realty - Marblehead
Nov 14, 2011 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 935
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,046
  • Total Building Area: 1,853
  • Gross Building Area: 3,896
  • Building Area: 1,853
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,853
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:520 L:003
  • Block: 520
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4677
  • Longitude: -70.9332

    Address

  • Full Address: 40 Bloomfield St
  • Address - House Number: 40
  • Address - Street Name: Bloomfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C031
  • 4-Digit Zip Code: 2334
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $528,200

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 627,437
  • High Value: 726,543
  • Low Value: 528,330

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,600
  • Assessed Land Value: $186,800
  • Assessed Improvements Value: $314,800

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: Feb 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220207003470
  • Previous Sale Recording Date: Nov 14, 2011
  • Previous Sale Amount: $256,412
  • Previous Sale Document Type: 34
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

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2447 ft²

Average Home Age

97.8 years

Currently For Sale

162 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# 72908416

Frequently Asked Questions

When was property at 40 Bloomfield Street built and last sold?
The property at 40 Bloomfield Street was built in 1920 and last sold on Feb 7, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 40 Bloomfield Street is $488,568.
What are some comparable homes to 40 Bloomfield Street?
There are currently no comparable homes to 40 Bloomfield Street.
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