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Lynn 01902
40 Ridgeway St
$310,000
● House - Off Market

40 Ridgeway St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,030 Ft²
$457,464
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Conveniently located on a quiet hilltop near downtown, great restaurants, shopping, parks and schools this recently renovated 3 bedroom home is move-in ready for your family! Two year old heating system, updated electric, roof, new laminate flooring and recently remodeled granite kitchen and tiled bath. Large fenced yard for your kids & pets with a generous patio area for grilling or outdoor furniture. Easy access to Western Ave, The Lynnway/ Lynn Shore Drive, beaches and a 5 minute drive to Vinnin Square. You won't find a better location with better space in better condition for the cost of renting. Start building your equity now! Showings begin at open houses Saturday 11/17 and Sunday 11/18.
Unit Size
1,030 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$296
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1902

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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 #72422693)

Price History

Date / Event Date Event Price
Jan 18, 2019 Sold
Premium
Sold
Nov 11, 2018 Listed by J. Barrett & Company $305,000
Listed by J. Barrett & Company
May 4, 2017 Sold
Premium
Sold
Mar 8, 2017 Listed by J. Barrett & Company $248,888
Listed by J. Barrett & Company
Mar 20, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 334
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,082
  • Total Building Area: 1,030
  • Gross Building Area: 1,636
  • Building Area: 1,030
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,030
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • 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: 206800

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:083 B:708 L:007
  • Block: 708
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4711
  • Longitude: -70.9434

    Address

  • Full Address: 40 Ridgeway St
  • Address - House Number: 40
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C048
  • 4-Digit Zip Code: 2824
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $443,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 483,392
  • High Value: 574,950
  • Low Value: 391,835

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $421,100
  • Assessed Land Value: $177,700
  • Assessed Improvements Value: $243,400

    Sales

  • Current Sale Contract Date: Jan 18, 2019
  • Current Sale Recording Date: Jan 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190118003090
  • Previous Sale Recording Date: May 04, 2017
  • Previous Sale Amount: $240,000
  • 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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72422693

Frequently Asked Questions

When was property at 40 Ridgeway Street built and last sold?
The property at 40 Ridgeway Street was built in 1902 and last sold on Jan 18, 2019 for $310,000.
How much is this home worth?
The estimated value of the home located at 40 Ridgeway Street is $310,857.
What are some comparable homes to 40 Ridgeway Street?
There are currently no comparable homes to 40 Ridgeway Street.
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