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Lynn 01902
43 Burrill Avenue
$343,000
● House - Off Market

43 Burrill Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,193 Ft²
$489,281
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

Live just blocks from the beach and Lynn Shore Drive Make this house your home by enhancing the current condition and adding your own style.  Greet your guest in the foyer which has an exquisite glass window.  This home has a flowing floor plan with 3-bedrooms and 1.5 baths, a good-sized eat-in kitchen with pantry and exterior door to the wood deck. Just picture yourself enjoying the sun-filled living room and entertaining guests in the Dining Room both with pine flooring.  This home is conveniently located near the beach, Kiley Park with playground, small water park area for children, basketball courts, and ball playing fields, and most importantly it is approximately 15 miles from Boston and is close to commuter access lines.
Unit Size
1,193 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$287
Property Type
House
Property Taxes
$320
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 #72532432)

Price History

Date / Event Date Event Price
Aug 30, 2019 Sold
Premium
Sold
Jul 11, 2019 Listed by J. Barrett & Company $342,000
Listed by J. Barrett & Company
Jan 1, 1982 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 701
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,015
  • Total Building Area: 1,193
  • Gross Building Area: 2,159
  • Building Area: 1,193
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,193
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000046
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:544 L:030
  • Block: 544
  • Lot: 30
  • Municipality: LYNN
  • Latitude: 42.4681
  • Longitude: -70.9278

    Address

  • Full Address: 43 Burrill Ave
  • Address - House Number: 43
  • Address - Street Name: Burrill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1911
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $454,600

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 497,523
  • High Value: 591,757
  • Low Value: 403,288

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $431,700
  • Assessed Land Value: $167,300
  • Assessed Improvements Value: $264,400

    Sales

  • Current Sale Contract Date: Aug 30, 2019
  • Current Sale Recording Date: Aug 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190830002340
  • Previous Sale Recording Date: Jan 01, 1982
  • Previous Sale Amount: $27,900
  • 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

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72532432

Frequently Asked Questions

When was property at 43 Burrill Avenue built and last sold?
The property at 43 Burrill Avenue was built in 1920 and last sold on Aug 30, 2019 for $343,000.
How much is this home worth?
The estimated value of the home located at 43 Burrill Avenue is $351,592.
What are some comparable homes to 43 Burrill Avenue?
There are currently no comparable homes to 43 Burrill Avenue.
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