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Lynn 01904
40 Cumberland Cir
$285,000
● House - Off Market

40 Cumberland Cir

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,736 Ft²
$544,353
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

GOODWIN'S CIRCLE 4br. cape with 2 full baths, corner lot, fp living room, formal dining with two bi chinas, small kitchen, two bedrooms down and two up, ceramic tiles, hardwood floors, vinyl exterior, two car garage with plenty of parking.  Enclosed rear patio, storage galore.  Partially finished basment.  All natural woodwork on second level.  heat is steam by oil, 10 yrs. old. Roof is older, price is reflective of this issue.
Unit Size
1,736 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$173
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1940

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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: 4 months ago (MLSPIN #71656426)

Price History

Date / Event Date Event Price
Jun 6, 2014 Sold
Premium
Sold
Apr 7, 2014 Listed by Century 21 Hughes $299,900
Listed by Century 21 Hughes
Mar 19, 2014 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 992
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,064
  • Total Building Area: 1,736
  • Gross Building Area: 3,203
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000162
  • 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:064 B:046 L:016
  • Block: 46
  • Lot: 16
  • Municipality: LYNN
  • Latitude: 42.5087
  • Longitude: -70.9851

    Address

  • Full Address: 40 Cumberland Cir
  • Address - House Number: 40
  • Address - Street Name: Cumberland
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1148
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $559,900

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 593,333
  • High Value: 695,844
  • Low Value: 490,822

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $531,700
  • Assessed Land Value: $205,200
  • Assessed Improvements Value: $326,500

    Sales

  • Current Sale Recording Date: Jun 06, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 552878
  • Previous Sale Recording Date: Mar 19, 2014
  • Previous Sale Contract Date: Mar 15, 2014
  • Previous Sale Amount: $9,652
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71656426

Frequently Asked Questions

When was property at 40 Cumberland Circle built and last sold?
The property at 40 Cumberland Circle was built in 1940 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 40 Cumberland Circle is $316,417.
What are some comparable homes to 40 Cumberland Circle?
There are currently no comparable homes to 40 Cumberland Circle.
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