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Lynn 01904
46 Kernwood Dr
$485,000
● House - Off Market

46 Kernwood Dr

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,664 Ft²
$521,487
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Waterfront Home and property on Sluice Pond, off Lynnfield Street, near Lynn Woods Reservation and Gannon Municipal Golf Course, features 3 bedrooms, 4.5 baths, expansive living/dining room with fireplace & deck with outstanding pond views, sunsets and direct water access.  Also on the first floor are the kitchen, half bath, laundry room, full bath, home office and sunroom w side entrance. Second floor has 3 bedrooms and 2 full baths (see floor plans). Lower level is finished, walk-out basement/family room with full bath, wet bar, additional rooms and storage plus separate entrances and deck. Outside, large detached storage/studio structure and a separate shed. House and property have deferred maintenance, require renovation, appliances removed (except dishwasher). Estate sale being Sold "as is" and "as shown".
Unit Size
2,664 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$182
Property Type
House
Property Taxes
$527
HOA Dues
-
Year Built
1915

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73059036)

Price History

Date / Event Date Event Price
Dec 28, 2022 Sold
Premium
Sold
Nov 30, 2022 In contract -
In contract
Nov 16, 2022 Listed by RE/MAX 360 $485,000
Listed by RE/MAX 360
Jan 12, 1993 Sold
Premium
Sold
Dec 31, 1987 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 930
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,430
  • Total Building Area: 2,312
  • Gross Building Area: 3,522
  • Building Area: 2,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000171
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:075 B:078 L:001
  • Block: 78
  • Lot: 1
  • Municipality: LYNN
  • Latitude: 42.4917
  • Longitude: -70.9677

    Address

  • Full Address: 46 Kernwood Dr
  • Address - House Number: 46
  • Address - Street Name: Kernwood
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lynn
  • Carrier Code: C024
  • 4-Digit Zip Code: 1753
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $463,200

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 635,030
  • High Value: 748,459
  • Low Value: 521,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $439,900
  • Assessed Land Value: $262,300
  • Assessed Improvements Value: $177,600

    Sales

  • Current Sale Contract Date: Dec 28, 2022
  • Current Sale Recording Date: Dec 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221228003490
  • Previous Sale Recording Date: Jan 12, 1993
  • Previous Sale Amount: $129,000
  • 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:

$589,900

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2470 ft²

Average Home Age

96.1 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73059036

Frequently Asked Questions

When was property at 46 Kernwood Drive built and last sold?
The property at 46 Kernwood Drive was built in 1915 and last sold on Dec 28, 2022 for $485,000.
How much is this home worth?
The estimated value of the home located at 46 Kernwood Drive is $518,549.
What are some comparable homes to 46 Kernwood Drive?
There are currently no comparable homes to 46 Kernwood Drive.
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