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Lynn 01902
44 Burrill Ave
$342,000
● House - Off Market

44 Burrill Ave

Lynn, MA 01902
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,311 Ft²
$503,590
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Lovely and Cozy Colonial Style home with Living Room, Formal Dining Room, Eat-Kitchen, 4-5 BEDROOMS and 1.5 BATHROOMS. MOVE IN CONDITION!!! MANY RECENT UPDATES: NEWER KITCHEN CABINETS (2016) with Stainless Steel Appliances,  NEW GAS HEATING SYSTEM installed in 2018. WATER HEATER REPLACED in 2016, RECENTLY UPDATED ELECTRICITY..... LOW MAINTENANCE property. This house offers a lot for the price!!! Great location!!!! Just a short 3 min drive and 10 minute walk to Lynn Beach. 5 minute drive to Commuter Rail to Boston (only 20 mins commute to Boston).  Near Swampscott/Lynn Line and just two minute walk to parks and public transportation. Don't miss this opportunity!!!
Unit Size
1,311 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$259
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1900

Payment Calculator

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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: 6 months ago (MLSPIN #72297073)

Price History

Date / Event Date Event Price
Jun 1, 2018 Sold
Premium
Sold
Mar 22, 2018 Listed by Tremont Realty Group, LLC $340,000
Listed by Tremont Realty Group, LLC
Dec 18, 2015 Sold
Premium
Sold
Oct 19, 2015 Listed by Tremont Realty Group, LLC $250,000
Listed by Tremont Realty Group, LLC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 8
  • 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: 643
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,063
  • Total Building Area: 1,311
  • Gross Building Area: 2,144
  • Building Area: 1,311
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,311
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000047
  • 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:543 L:006
  • Block: 543
  • Lot: 6
  • Municipality: LYNN
  • Latitude: 42.468
  • Longitude: -70.9282

    Address

  • Full Address: 44 Burrill Ave
  • Address - House Number: 44
  • Address - Street Name: Burrill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1912
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $490,400

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 535,098
  • High Value: 633,352
  • Low Value: 436,845

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $465,700
  • Assessed Land Value: $167,500
  • Assessed Improvements Value: $298,200

    Sales

  • Current Sale Recording Date: Jun 01, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180601006230
  • Previous Sale Recording Date: Dec 18, 2015
  • Previous Sale Amount: $262,500
  • 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:

$599,000

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

96.1 years

Currently For Sale

151 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: 6 months ago
Data Source: MLS PIN, MLS# 72297073

Frequently Asked Questions

When was property at 44 Burrill Avenue built and last sold?
The property at 44 Burrill Avenue was built in 1900 and last sold on Jan 1, 1970 for $342,000.
How much is this home worth?
The estimated value of the home located at 44 Burrill Avenue is $342,740.
What are some comparable homes to 44 Burrill Avenue?
There are currently no comparable homes to 44 Burrill Avenue.
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