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Lynn 01905
41 Menlo Ave
$480,000
● House - Off Market

41 Menlo Ave

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,350 Ft²
$495,964
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Loved by the same family for over 50 years, here is your opportunity to make this charming Bungalow your own. Just steps from Breeds Pond and Lynn Woods Reservation, where you can explore 30 miles of scenic trails for hiking, running, horseback riding, mountain biking, cross-country skiing, and nature walks. The home offers 4 nicely sized bedrooms, a full bath, a half bath with laundry and an open family room, dining area and kitchen. The full basement is large, featuring a work-bench area, plenty of storage space and lots of potential. The yard is oversized and flat, making it the perfect place for outdoor entertaining. Easy access to Route 1 for shopping and dining. The property is being sold as is, and it does need some TLC, but well worth the effort!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$348
Property Type
House
Property Taxes
$415
HOA Dues
-
Year Built
1920

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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 #73022028)

Price History

Date / Event Date Event Price
Sep 23, 2022 Sold
Premium
Sold
Aug 5, 2022 Listed by Molisse Realty Group LLC $470,000
Listed by Molisse Realty Group LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 1,325
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,913
  • Total Building Area: 1,350
  • Gross Building Area: 2,822
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000205
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:387 L:005
  • Block: 387
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4745
  • Longitude: -70.9862

    Address

  • Full Address: 41 Menlo Ave
  • Address - House Number: 41
  • Address - Street Name: Menlo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1004
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $552,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 576,501
  • High Value: 667,562
  • Low Value: 485,440

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,300
  • Assessed Land Value: $221,300
  • Assessed Improvements Value: $303,000

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 413
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73022028

Frequently Asked Questions

When was property at 41 Menlo Avenue built and last sold?
The property at 41 Menlo Avenue was built in 1920 and last sold on Sep 23, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 41 Menlo Avenue is $474,813.
What are some comparable homes to 41 Menlo Avenue?
There are currently no comparable homes to 41 Menlo Avenue.
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