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Lynn 01904
40 Stonewood Lane
$620,000
● House - Off Market

40 Stonewood Lane

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,221 Ft²
$602,743
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Goodwin Circle area is this 3 Bedrm 1.5 bath spacious Ranch located on quiet side street in Ward 1 neighborhood.   Property features remodeled kitchen & baths,  refinished hardwood floors, living room with fireplace and sunny bay window, Dining room with built-in china cabinet and beautiful natural woodwork.  The lower level offers a huge carpeted entertainment room/playroom with bar, cedar closet, laundry room, storage area & workshop.  Enjoy the sun filled enclosed porch off the kitchen overlooking meticulously landscaped tree-shaded and fenced-in yard.  Other special amenities include  central Air Conditioning, security system, 1 car oversized detached garage, extra large storage shed and oversized paved driveway.  Great location convenient to school, park, golf course and highways.
Unit Size
1,221 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$491
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1956

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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 #73091787)

Price History

Date / Event Date Event Price
May 31, 2023 Sold
Premium
Sold
Apr 4, 2023 In contract -
In contract
Mar 27, 2023 Listed by J. Barrett & Company $599,900
Listed by J. Barrett & Company
Aug 29, 2013 Sold
Premium
Sold
Jul 1, 2013 Listed by J. Barrett & Company $314,500
Listed by J. Barrett & Company
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,221
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,147
  • Total Building Area: 1,221
  • Gross Building Area: 2,575
  • Building Area: 1,221
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,221
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: T COPELAND
  • Land Acres: 0000000256
  • 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:002 L:047
  • Block: 2
  • Lot: 47
  • Municipality: LYNN
  • Latitude: 42.5063
  • Longitude: -70.9865

    Address

  • Full Address: 40 Stonewood Ln
  • Address - House Number: 40
  • Address - Street Name: Stonewood
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C044
  • 4-Digit Zip Code: 1052
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $607,900

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 644,987
  • High Value: 757,825
  • Low Value: 532,148

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $577,300
  • Assessed Land Value: $209,100
  • Assessed Improvements Value: $368,200

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: May 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230531002020
  • Previous Sale Recording Date: Aug 29, 2013
  • Previous Sale Amount: $314,500
  • 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:

$590,000

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73091787

Frequently Asked Questions

When was property at 40 Stonewood Lane built and last sold?
The property at 40 Stonewood Lane was built in 1956 and last sold on May 22, 2023 for $620,000.
How much is this home worth?
The estimated value of the home located at 40 Stonewood Lane is $589,220.
What are some comparable homes to 40 Stonewood Lane?
There are currently no comparable homes to 40 Stonewood Lane.
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