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Lynn 01904
47 Longhill Road
$485,000
● House - Off Market

47 Longhill Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,313 Ft²
$515,576
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Ward 1!! On the Lynnfield Line!! Beautiful 6 Room, 3 Bedroom, 2 Bathroom Cape on Quiet Cul-de-Sac. First Floor Boasts Bright and Airy Eat-In Kitchen, Formal Dining Room, Fireplaced Living Room, Master Bedroom and Full Bath. Hardwood Floors Throughout. Two Good Size Bedrooms on The Second Floor with Recessed Lighting and Built-In Shelving. Plenty of Closet Space. Partially Finished Basement with 3/4 Bath and Access to One Car Garage. Additional Parking on Paved Driveway. Fenced Back Yard with Sprinkler System. New Treck Decking. Replacement Windows. 200 AMP Electric and Central Air. Just Minutes to Gannon Golf Course, Schools, Shopping and Restaurants.
Unit Size
1,313 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$343
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1953

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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 years ago (MLSPIN #72845676)

Price History

Date / Event Date Event Price
Jul 28, 2021 Sold
Premium
Sold
Jun 8, 2021 Listed by Coldwell Banker Realty - Newburyport $450,000
Listed by Coldwell Banker Realty - Newburyport
May 29, 1998 Sold
Premium
Sold
Dec 29, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,951
  • Total Building Area: 1,313
  • Gross Building Area: 2,600
  • Building Area: 1,313
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,313
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:063 B:052 L:019
  • Block: 52
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.5053
  • Longitude: -70.9808

    Address

  • Full Address: 47 Longhill Rd
  • Address - House Number: 47
  • Address - Street Name: Longhill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1345
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $568,300

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 579,470
  • High Value: 682,975
  • Low Value: 475,965

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,700
  • Assessed Land Value: $194,400
  • Assessed Improvements Value: $345,300

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Jul 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210728002670
  • Previous Sale Recording Date: May 29, 1998
  • Previous Sale Amount: $140,000
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72845676

Frequently Asked Questions

When was property at 47 Longhill Road built and last sold?
The property at 47 Longhill Road was built in 1953 and last sold on Jul 28, 2021 for $485,000.
How much is this home worth?
The estimated value of the home located at 47 Longhill Road is $0.
What are some comparable homes to 47 Longhill Road?
There are currently no comparable homes to 47 Longhill Road.
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