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Lynn 01902
42 Hanover St
$335,000
● House - Off Market

42 Hanover St

Lynn, MA 01902
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,567 Ft²
$492,883
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

This LARGE single family has lots of potential!  A little TLC and sweat equity will go a long way  at 42 Hanover.  Awesome location with w WALK SCORE of 87, just two blocks from Lynn Common.  Go for a walk around the park, stop at the library or walk a mile (15 Minutes) to the train station or two miles to the beach.  If walking is not your thing, nine different buses are five minutes away.  If driving is your thing a Ten minute drive to either Stop & Shop or Market Basket.  First floor MASTER SUITE with JACUZZI bath.  HARDWOOD FLOORS throughout most of the house, OFFICE could be made into a seventh bedroom.  The possibilities are endless!!  Priced to sell!  Offers Due Wed 11am in one PDF plz
Unit Size
2,567 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$129
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1900

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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: 5 months ago (MLSPIN #72426361)

Price History

Date / Event Date Event Price
Dec 31, 2018 Sold
Premium
Sold
Nov 23, 2018 Listed by Berkshire Hathaway HomeServices N.E. Prime Properties $330,000
Listed by Berkshire Hathaway HomeServices N.E. Prime Properties
Dec 12, 2013 Sold
Premium
Sold
Oct 15, 2013 Listed by Berkshire Hathaway HomeServices N.E. Prime Properties $269,000
Listed by Berkshire Hathaway HomeServices N.E. Prime Properties
Jul 8, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,103
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,469
  • Total Building Area: 2,567
  • Gross Building Area: 4,130
  • Building Area: 2,567
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,567
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 206100

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:053 B:722 L:009
  • Block: 722
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4653
  • Longitude: -70.9562

    Address

  • Full Address: 42 Hanover St
  • Address - House Number: 42
  • Address - Street Name: Hanover
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C053
  • 4-Digit Zip Code: 4333
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $592,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1519
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 652,313
  • High Value: 751,441
  • Low Value: 553,185

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $562,200
  • Assessed Land Value: $192,400
  • Assessed Improvements Value: $369,800

    Sales

  • Current Sale Contract Date: Dec 31, 2018
  • Current Sale Recording Date: Dec 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181231003590
  • Previous Sale Recording Date: Dec 12, 2013
  • Previous Sale Amount: $240,000
  • 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:

$594,986

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2447 ft²

Average Home Age

97.8 years

Currently For Sale

162 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# 72426361

Frequently Asked Questions

When was property at 42 Hanover Street built and last sold?
The property at 42 Hanover Street was built in 1900 and last sold on Dec 31, 2018 for $335,000.
How much is this home worth?
The estimated value of the home located at 42 Hanover Street is $330,419.
What are some comparable homes to 42 Hanover Street?
There are currently no comparable homes to 42 Hanover Street.
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