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Lynn 01904
40 Ladd Hill Rd
$435,000
● House - Off Market

40 Ladd Hill Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,617 Ft²
$555,572
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Location! Location! Location! I think you'll agree that this is an excellent location in desirable Ward 1. Spacious multi-level home nestled in a neighborhood of similar homes on a dead-end street. Special features include an open floor plan with an eat-in kitchen, a formal dining room, and a fireplaced living room. Additional office space is great if you work from home. Hardwood flooring and ceramic tile throughout. Even more space on the lower level for media or playroom. Fantastic workshop for the hobbyist. If that's not enough there's a 3 Season room from the kitchen. A mudroom with lots of storage from the garage and more weathertight storage area at the rear of the house. A little TLC could go a long way to make it your own. Showings begin immediately & offers will be presented as they are received.
Unit Size
2,617 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$162
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1968

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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 #72673380)

Price History

Date / Event Date Event Price
Sep 10, 2020 Sold
Premium
Sold
Jun 12, 2020 Listed by Woods Real Estate $424,900
Listed by Woods Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 976
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,929
  • Total Building Area: 1,192
  • Gross Building Area: 2,617
  • Building Area: 1,192
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,192
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • 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:063 B:050 L:032
  • Block: 50
  • Lot: 32
  • Municipality: LYNN
  • Latitude: 42.5073
  • Longitude: -70.9792

    Address

  • Full Address: 40 Ladd Hill Rd
  • Address - House Number: 40
  • Address - Street Name: Ladd Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1349
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $560,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 605,229
  • High Value: 716,861
  • Low Value: 493,598

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,200
  • Assessed Land Value: $215,600
  • Assessed Improvements Value: $316,600

    Sales

  • Current Sale Contract Date: Sep 09, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 616122
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:

$597,900

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2417 ft²

Average Home Age

95.9 years

Currently For Sale

159 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# 72673380

Frequently Asked Questions

When was property at 40 Ladd Hill Road built and last sold?
The property at 40 Ladd Hill Road was built in 1968 and last sold on Sep 9, 2020 for $435,000.
How much is this home worth?
The estimated value of the home located at 40 Ladd Hill Road is $460,000.
What are some comparable homes to 40 Ladd Hill Road?
There are currently no comparable homes to 40 Ladd Hill Road.
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