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Lynn 01902
41 Allen Avenue
$330,000
● House - Off Market

41 Allen Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,290 Ft²
$442,863
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Great opportunity to own this large and well maintained colonial home with many extras to enjoy. First floor features large entrance and amazing wooden staircase, updated kitchen cabinets with granite counters, open floor plan with large living room, dining room, 1/2 bath and amazing hardwood floors. Second floor consist of 3 bedrooms, full bath and office space.  Newer roof, gas heating system, updated windows, blown-in insulation at exterior walls and attic. Full basement with exterior access.
Unit Size
1,290 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$232
Property Type
House
Property Taxes
$324
HOA Dues
-
Year Built
1905

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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 #72320283)

Price History

Date / Event Date Event Price
Jul 21, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by AdoEma Realty, LLC $399,900
Listed by AdoEma Realty, LLC
Jun 18, 2018 Sold
Premium
Sold
May 3, 2018 Listed by AdoEma Realty, LLC $299,000
Listed by AdoEma Realty, LLC
Jun 20, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 7
  • Basement Area: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,645
  • Total Building Area: 1,290
  • Gross Building Area: 3,072
  • Building Area: 1,290
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,290
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:084 B:694 L:023
  • Block: 694
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4744
  • Longitude: -70.9474

    Address

  • Full Address: 41 Allen Ave
  • Address - House Number: 41
  • Address - Street Name: Allen
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2701
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,500

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 519,089
  • High Value: 643,191
  • Low Value: 394,987

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,500
  • Assessed Land Value: $162,500
  • Assessed Improvements Value: $309,000

    Sales

  • Current Sale Contract Date: Jul 21, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210721001830
  • Previous Sale Recording Date: Jun 18, 2018
  • Previous Sale Amount: $330,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2536 ft²

Average Home Age

96.5 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72320283

Frequently Asked Questions

When was property at 41 Allen Avenue built and last sold?
The property at 41 Allen Avenue was built in 1905 and last sold on Jul 21, 2021 for $448,000.
How much is this home worth?
The estimated value of the home located at 41 Allen Avenue is $408,353.
What are some comparable homes to 41 Allen Avenue?
There are currently no comparable homes to 41 Allen Avenue.
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