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Lynn 01902
41 Mountain Avenue
$280,000
● House - Off Market

41 Mountain Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,130 Ft²
$497,657
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Swampscott train station and King's Beach are minutes away!!  SO much to love in this classic 1920's Colonial updated for the modern owner.   This spacious and sunny home, located on a quiet corner lot with stone wall, offers original hardwood floors, custom millwork including moldings, bannisters and multiple built-in units.  Leaded windows,  tons of storage and closets and high ceilings.  Beautifully updated kitchen and baths.  During remodeling, the current owner used several environmentally friendly techniques including no VOC paints, glass bottle insulation, restored windows and cork floors in the walk-up attic. TWO car garage!   Very convenient to Vinnan Sq.,Swampscott Library & Lynch Van Otterloo YMCA.
Unit Size
2,130 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$129
Property Type
House
Property Taxes
$337
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 #71689107)

Price History

Date / Event Date Event Price
Jul 31, 2014 Sold
Premium
Sold
May 29, 2014 Listed by Coldwell Banker Residential Brokerage - Beverly $274,500
Listed by Coldwell Banker Residential Brokerage - Beverly
Feb 25, 2011 Sold
Premium
Sold
Oct 26, 2010 Listed by Coldwell Banker Residential Brokerage - Beverly $224,900
Listed by Coldwell Banker Residential Brokerage - Beverly
Jun 21, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 714
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,787
  • Total Building Area: 1,628
  • Gross Building Area: 3,005
  • Building Area: 1,628
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,628
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MOOSETHILL
  • Land Acres: 0000000110
  • 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: 206500

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:104 B:430 L:003
  • Block: 430
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4741
  • Longitude: -70.9261

    Address

  • Full Address: 41 Mountain Ave
  • Address - House Number: 41
  • Address - Street Name: Mountain
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1345
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $563,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 618,906
  • High Value: 716,665
  • Low Value: 521,147

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $535,300
  • Assessed Land Value: $191,800
  • Assessed Improvements Value: $343,500

    Sales

  • Current Sale Recording Date: Jul 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 73100491
  • Previous Sale Recording Date: Feb 25, 2011
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 27
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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 years

Currently For Sale

156 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# 71689107

Frequently Asked Questions

When was property at 41 Mountain Avenue built and last sold?
The property at 41 Mountain Avenue was built in 1920 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 41 Mountain Avenue is $307,944.
What are some comparable homes to 41 Mountain Avenue?
There are currently no comparable homes to 41 Mountain Avenue.
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