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Lynn 01905
42 Starrett Road
$360,000
● House - Off Market

42 Starrett Road

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,074 Ft²
$553,839
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

This is a rare 4 bedroom home on a quiet street in the desirable Veteran's Village section of West Lynn.  Two bedrooms up and down.  Level yard.  Partially finished basement has a large family/game room with wet bar along with additional game room.    Strong home with lots of potential with your updates.  It has a newer roof, new gutters and new water heater.  Full basement with bulkhead access to yard.  Quiet street near schools, shopping and transportation.
Unit Size
2,074 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$171
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1945

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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 #72228253)

Price History

Date / Event Date Event Price
Jun 16, 2021 Sold
Premium
Sold
May 12, 2021 Listed by Messina Real Estate $469,000
Listed by Messina Real Estate
Dec 29, 2017 Sold
Premium
Sold
Sep 13, 2017 Listed by Messina Real Estate $355,000
Listed by Messina Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 1,235
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,040
  • Total Building Area: 2,074
  • Gross Building Area: 3,707
  • Building Area: 2,074
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,074
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000116
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:022 B:346 L:009
  • Block: 346
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4654
  • Longitude: -70.9802

    Address

  • Full Address: 42 Starrett Rd
  • Address - House Number: 42
  • Address - Street Name: Starrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 1458
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $645,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 706,647
  • High Value: 856,989
  • Low Value: 556,304

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,100
  • Assessed Land Value: $199,300
  • Assessed Improvements Value: $413,800

    Sales

  • Current Sale Contract Date: Jun 15, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210616002150
  • Previous Sale Recording Date: Dec 29, 2017
  • Previous Sale Amount: $360,000
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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# 72228253

Frequently Asked Questions

When was property at 42 Starrett Road built and last sold?
The property at 42 Starrett Road was built in 1945 and last sold on Jun 15, 2021 for $590,000.
How much is this home worth?
The estimated value of the home located at 42 Starrett Road is $486,451.
What are some comparable homes to 42 Starrett Road?
There are currently no comparable homes to 42 Starrett Road.
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