For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lynn 01904
40A Western Avenue
$430,000
● House - Off Market

40A Western Avenue

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,900 Ft²
$460,702
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

This cape style home is sited on approximately 0.42 acres with a lovely private and wooded back yard.  The first floor has a generosly sized fireplaced living room, a large eat-in kitchen with pantry, a full bath and two bedrooms.  All flooring on this level is hardwood except the kitchen and bath which are tiled.  The second floor is fully finished with hardwood flooring and knotty pine paneling.  It is currently configured as two bedrooms with generous closets in each along with loads of storage in the eaves.  The second floor also has the rough plumbing for an additional bathroom.  The second floor layout is charming as is, yet also has the potential to be customized to suit its' new owners.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$226
Property Type
House
Property Taxes
$463
HOA Dues
-
Year Built
1958

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #73060421)

Price History

Date / Event Date Event Price
Jan 27, 2023 Sold
Premium
Sold
Dec 16, 2022 In contract -
In contract
Dec 6, 2022 Relisted $429,000
Relisted
Nov 30, 2022 In contract -
In contract
Nov 23, 2022 Listed by J. Barrett & Company $429,000
Listed by J. Barrett & Company

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 8
  • Basement Area: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,125
  • Total Building Area: 1,344
  • Gross Building Area: 2,351
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000416
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:098 B:398 L:007
  • Block: 398
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4872
  • Longitude: -70.9387

    Address

  • Full Address: 40a Western Ave
  • Address - House Number: 40a
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2123
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $449,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 538,655
  • High Value: 637,960
  • Low Value: 439,351

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $426,400
  • Assessed Land Value: $191,600
  • Assessed Improvements Value: $234,800

    Sales

  • Current Sale Contract Date: Jan 27, 2023
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230127003370
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73060421

Frequently Asked Questions

When was property at 40A Western Avenue built and last sold?
The property at 40A Western Avenue was built in 1958 and last sold on Jan 27, 2023 for $430,000.
How much is this home worth?
The estimated value of the home located at 40A Western Avenue is $444,499.
What are some comparable homes to 40A Western Avenue?
There are currently no comparable homes to 40A Western Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lynn Homes for Sale
Lynn Houses for Sale
Lynn Condos for Sale
Lynn Townhouses for Sale
Lynn Multifamily for Sale
Lynn Land for Sale
Lynn Commercial for Sale
Lynn Homes with Basements
Nearby Cities
Cambridge Homes for Sale
Somerville Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Thompson Square - Bunker Hill Real Estate
Glendale Real Estate
North End Real Estate
Peabody Town Center Real Estate
East Cambridge Real Estate
Glenwood Real Estate
Nearby Counties
Cambridge Homes for Sale
Somerville Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Top Real Estate Agents
Top Agents in Lynn
Top Agents in Cambridge
Top Agents in Cambridge
Top Agents in Somerville
Top Agents in Somerville
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970