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Lynn 01904
44A Western Ave
$480,000
● House - Off Market

44A Western Ave

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,500 Ft²
$544,490
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

This home has lots of character; come take a look!  As you walk in, you'll see an open floor concept through the living room and brand new kitchen counter top new cabinets, 3 bedrooms and a bath on the upper level,  and a half bathroom downstairs. A patio in the back yard with ramp access and private driveway this beautiful home has immense potential on the Salem/Lynn border in on the main road home is ready to move in close to schools colleges and center of town and shopping centers within minutes of the home.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$357
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
1930

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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: 5 months ago (MLSPIN #73063060)

Price History

Date / Event Date Event Price
Apr 7, 2023 Sold
Premium
Sold
Mar 18, 2023 In contract -
In contract
Dec 5, 2022 Listed by Premier Property Solutions $535,000
Listed by Premier Property Solutions
May 31, 2017 Sold
Premium
Sold
Feb 16, 2017 Listed by Premier Property Solutions $244,900
Listed by Premier Property Solutions

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • 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: 8
  • Basement Area: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,421
  • Total Building Area: 1,482
  • Gross Building Area: 3,507
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000790
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:098 B:398 L:002
  • Block: 398
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4868
  • Longitude: -70.9392

    Address

  • Full Address: 44a Western Ave
  • Address - House Number: 44a
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2123
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $439,000

    Appraisal Valuation

  • Standard Deviation: 0.1839
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 506,341
  • High Value: 599,484
  • Low Value: 413,199

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $416,900
  • Assessed Land Value: $159,800
  • Assessed Improvements Value: $257,100

    Sales

  • Current Sale Contract Date: Apr 06, 2023
  • Current Sale Recording Date: Apr 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230407000600
  • Previous Sale Recording Date: May 31, 2017
  • Previous Sale Amount: $235,000
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73063060

Frequently Asked Questions

When was property at 44A Western Avenue built and last sold?
The property at 44A Western Avenue was built in 1930 and last sold on Apr 6, 2023 for $480,000.
How much is this home worth?
The estimated value of the home located at 44A Western Avenue is $529,041.
What are some comparable homes to 44A Western Avenue?
There are currently no comparable homes to 44A Western Avenue.
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