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Lynn 01904
43 Bow Ridge Road
$515,000
● House - Off Market

43 Bow Ridge Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,992 Ft²
$703,882
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

Impressive 8 room colonial in prime location, Ward 1 Lynn/Lynnfield line.  This beautiful home offers a formal living room with fireplace, dining room, kitchen with maple cabinets, granite counters and stainless steel appliances, office with built-ins, magnificent bright and sunny great room with cathedral ceiling, skylights and a propane gas stove.  There are 3 spacious bedrooms, master with walk-in closet and 1.5 baths.  Amenities of hardwood floors, central air and vacuum, underground sprinklers, security system and solar panels.
Unit Size
1,992 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$259
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1995

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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 #72635235)

Price History

Date / Event Date Event Price
Jun 2, 2020 Sold
Premium
Sold
Mar 18, 2020 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $515,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Aug 18, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,688
  • Total Building Area: 2,376
  • Gross Building Area: 3,600
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000314
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:048 B:002 L:092
  • Block: 2
  • Lot: 92
  • Municipality: LYNN
  • Latitude: 42.5073
  • Longitude: -70.9913

    Address

  • Full Address: 43 Bow Ridge Rd
  • Address - House Number: 43
  • Address - Street Name: Bow Ridge
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C044
  • 4-Digit Zip Code: 1063
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $769,200

    Appraisal Valuation

  • Standard Deviation: 0.165
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 737,183
  • High Value: 868,858
  • Low Value: 605,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $730,500
  • Assessed Land Value: $187,200
  • Assessed Improvements Value: $543,300

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: Jun 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200602004920
  • Previous Sale Recording Date: Aug 18, 1995
  • Previous Sale Amount: $167,000
  • 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:

$597,900

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72635235

Frequently Asked Questions

When was property at 43 Bow Ridge Road built and last sold?
The property at 43 Bow Ridge Road was built in 1995 and last sold on May 27, 2020 for $515,000.
How much is this home worth?
The estimated value of the home located at 43 Bow Ridge Road is $533,483.
What are some comparable homes to 43 Bow Ridge Road?
There are currently no comparable homes to 43 Bow Ridge Road.
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