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Lynn 01905
42 Laurel St
$375,000
● House - Off Market

42 Laurel St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,367 Ft²
$407,386
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Bring Your Ideas! This 7 Room, 3 Bedroom, 1 Bathroom Colonial Is Waiting To Be Renewed! First Floor Boasts Living Room, Eat-In Kitchen with Laundry Hook Ups, Sunny Dining Room, A Full Bath and A Family Room Addition with Slider to Deck. Second Level Offers 3 Bedrooms! This Home Sits On Over 5,700 Sq.Ft. of Land and Abuts Barry Park! Great Location Close To Restaurants, Schools, Shopping and Transportation! Great Value!
Unit Size
1,367 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$278
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1860

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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 #73038752)

Price History

Date / Event Date Event Price
Nov 7, 2022 Sold
Premium
Sold
Oct 6, 2022 In contract -
In contract
Sep 20, 2022 Listed by Toner Real Estate, LLC $379,900
Listed by Toner Real Estate, LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 882
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,128
  • Total Building Area: 1,367
  • Gross Building Area: 2,924
  • Building Area: 1,367
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,367
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • 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: 205800

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:021 B:285 L:080
  • Block: 285
  • Lot: 80
  • Municipality: LYNN
  • Latitude: 42.462
  • Longitude: -70.9757

    Address

  • Full Address: 42 Laurel St
  • Address - House Number: 42
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C006
  • 4-Digit Zip Code: 2041
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $424,100

    Appraisal Valuation

  • Standard Deviation: 0.234
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 495,913
  • High Value: 615,535
  • Low Value: 376,291

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $402,800
  • Assessed Land Value: $191,900
  • Assessed Improvements Value: $210,900

    Sales

  • Current Sale Contract Date: Nov 07, 2022
  • Current Sale Recording Date: Nov 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221107003010
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73038752

Frequently Asked Questions

When was property at 42 Laurel Street built and last sold?
The property at 42 Laurel Street was built in 1860 and last sold on Nov 7, 2022 for $375,000.
How much is this home worth?
The estimated value of the home located at 42 Laurel Street is $391,735.
What are some comparable homes to 42 Laurel Street?
There are currently no comparable homes to 42 Laurel Street.
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