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Lynn 01905
40 Purdon Avenue
$159,900
● House - Off Market

40 Purdon Avenue

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,200 Ft²
$513,615
RealtyHop Estimate
221.21%
Since Nov 1, 1999
MA-Boston
Primary Model

About This Property

LOVINGLY MAINTAINED WONER-BUILT RANCH ON SAUGUS LINE. CLOSE TO NEW SCHOOLS OFFERS GLEAMING HW FLOORS, LARGE FIREPLACED LR, EAT-IN KITCHEN, 3 BRS. AND CHOICE OF MAIN FLOOR OR BASEMENT FAM. RM.L NEW WINDOWS, ROOF, PAINT, CENTRAL AIR,ETC
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$133
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1950

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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 years ago (MLSPIN #30345585)

Price History

Date / Event Date Event Price
Sep 27, 2001 Sold
Premium
Sold
Apr 23, 2001 Listed $219,900
Listed
Oct 20, 1999 Sold
Premium
Sold
Aug 12, 1999 Listed $159,900
Listed

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,126
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,500
  • Total Building Area: 1,126
  • Gross Building Area: 3,010
  • Building Area: 1,126
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,126
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLE-LYN MANOR
  • Land Acres: 0000000126
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:022 B:349 L:003
  • Block: 349
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4663
  • Longitude: -70.9795

    Address

  • Full Address: 40 Purdon Ave
  • Address - House Number: 40
  • Address - Street Name: Purdon
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 1402
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $502,600

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 548,227
  • High Value: 648,625
  • Low Value: 447,829

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $477,300
  • Assessed Land Value: $201,900
  • Assessed Improvements Value: $275,400

    Sales

  • Current Sale Recording Date: Sep 27, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 20, 1999
  • Previous Sale Amount: $159,900
  • 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

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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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Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30345585

Frequently Asked Questions

When was property at 40 Purdon Avenue built and last sold?
The property at 40 Purdon Avenue was built in 1950 and last sold on Jan 1, 1970 for $210,000.
How much is this home worth?
The estimated value of the home located at 40 Purdon Avenue is $0.
What are some comparable homes to 40 Purdon Avenue?
There are currently no comparable homes to 40 Purdon Avenue.
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