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Lynn 01902
459 Eastern Ave
$540,000
● House - Off Market

459 Eastern Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,407 Ft²
$590,302
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Turn Key! Welcome to your new home. Situated just a short distance from thriving downtown, this 3 bed 2.5 bath colonial is awaiting your arrival. The main floor features a grand foyer with a half bath, spacious open concept living/dining room, eat-in kitchen with stainless steel appliances and granite countertops, and hardwood flooring throughout. Proceed to the second level where you will find three bedrooms, 2 full baths, and a pull down attic with plenty of storage space. The fenced in yard is perfect for entertaining. A one car garage, 3 parking spaces, recently updated heating system and new roof completes the offering.  This is a must see!
Unit Size
1,407 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$390
Property Type
House
Property Taxes
$437
HOA Dues
-
Year Built
1925

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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 #73039976)

Price History

Date / Event Date Event Price
Dec 20, 2022 Sold
Premium
Sold
Oct 21, 2022 In contract -
In contract
Sep 22, 2022 Listed by Engel & Volkers By the Sea $549,000
Listed by Engel & Volkers By the Sea
Nov 30, 2018 Sold
Premium
Sold
Sep 6, 2018 Listed by Engel & Volkers By the Sea $399,900
Listed by Engel & Volkers By the Sea
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 817
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,088
  • Total Building Area: 1,407
  • Gross Building Area: 2,715
  • Building Area: 1,407
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,407
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:097 B:415 L:045
  • Block: 415
  • Lot: 45
  • Municipality: LYNN
  • Latitude: 42.4803
  • Longitude: -70.9345

    Address

  • Full Address: 459 Eastern Ave
  • Address - House Number: 459
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1633
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $556,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 587,561
  • High Value: 694,203
  • Low Value: 480,920

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,500
  • Assessed Land Value: $182,900
  • Assessed Improvements Value: $345,600

    Sales

  • Current Sale Contract Date: Dec 19, 2022
  • Current Sale Recording Date: Dec 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221220003010
  • Previous Sale Recording Date: Nov 30, 2018
  • Previous Sale Amount: $387,000
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73039976

Frequently Asked Questions

When was property at 459 Eastern Avenue built and last sold?
The property at 459 Eastern Avenue was built in 1925 and last sold on Dec 19, 2022 for $540,000.
How much is this home worth?
The estimated value of the home located at 459 Eastern Avenue is $548,429.
What are some comparable homes to 459 Eastern Avenue?
There are currently no comparable homes to 459 Eastern Avenue.
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