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Lynn 01904
41 Longhill Road
$264,900
● House - Off Market

41 Longhill Road

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,104 Ft²
$445,720
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Well maintained 2 bedroom, 1 bath ranch on desirable Longhill Road. One floor living at its best. This property features living room with fireplace, separate dining room with custom built ins, bright kitchen, sun room and ample yard space with lush landscaping. Close proximity to major highways-located close to the Lynnfield town line. Priced to sell and won't stay on the market for long!
Unit Size
1,104 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$235
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1955

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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 #71950963)

Price History

Date / Event Date Event Price
May 10, 2019 Sold
Premium
Sold
Mar 13, 2019 Listed by Keller Williams Realty $399,000
Listed by Keller Williams Realty
Mar 11, 2016 Sold
Premium
Sold
Jan 21, 2016 Listed by Keller Williams Realty $259,900
Listed by Keller Williams Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 804
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,989
  • Total Building Area: 1,104
  • Gross Building Area: 2,406
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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:063 B:052 L:020
  • Block: 52
  • Lot: 20
  • Municipality: LYNN
  • Latitude: 42.5054
  • Longitude: -70.9809

    Address

  • Full Address: 41 Longhill Rd
  • Address - House Number: 41
  • Address - Street Name: Longhill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1345
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $556,900

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 583,990
  • High Value: 691,704
  • Low Value: 476,276

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,900
  • Assessed Land Value: $194,600
  • Assessed Improvements Value: $334,300

    Sales

  • Current Sale Contract Date: May 09, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190510002420
  • Previous Sale Recording Date: Mar 11, 2016
  • Previous Sale Amount: $264,900
  • 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:

$597,950

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 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# 71950963

Frequently Asked Questions

When was property at 41 Longhill Road built and last sold?
The property at 41 Longhill Road was built in 1955 and last sold on May 9, 2019 for $409,041.
How much is this home worth?
The estimated value of the home located at 41 Longhill Road is $408,879.
What are some comparable homes to 41 Longhill Road?
There are currently no comparable homes to 41 Longhill Road.
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