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Lynn 01902
48 Bay View
$500,000
● House - Off Market

48 Bay View

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath
square feet
934 Ft²
$2,628
Est. Monthly

About This Property

Terrific starter home! Come enjoy this charming detached single family home with garage and driveway! Tend your garden, let the pups play, or just relax in your fenced in back yard. This home has been well cared for and updated with a new bathroom and income producing solar panels. First floor consists of a spacious Living Room, Dining Room, and Kitchen, upstairs has two well sized Bedrooms and large bath. Plenty of storage in large basement. Washer and Dryer to stay. Great condo alternative! Easy access to Salem and Boston. Near Commuter Rail, Beaches, local shopping & amenities!
Unit Size
934 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$491
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1900

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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 #73292372)

Price History

Date / Event Date Event Price
Nov 15, 2024 Sold
Premium
Sold
Sep 25, 2024 In contract -
In contract
Sep 19, 2024 Listed by Landmark Boston Realty $459,000
Listed by Landmark Boston Realty
May 10, 2018 Sold
Premium
Sold
Mar 21, 2018 Listed by Landmark Boston Realty $279,000
Listed by Landmark Boston Realty
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 531
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,220
  • Total Building Area: 934
  • Gross Building Area: 1,680
  • Building Area: 934
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 934
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000074
  • 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: 206200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:070 B:675 L:013
  • Block: 675
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4718
  • Longitude: -70.9496

    Address

  • Full Address: 48 Bay View Ave
  • Address - House Number: 48
  • Address - Street Name: Bay View
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C054
  • 4-Digit Zip Code: 3763
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $448,900

    Appraisal Valuation

  • Standard Deviation: 0.1795
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 485,376
  • High Value: 572,441
  • Low Value: 398,312

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $426,300
  • Assessed Land Value: $173,200
  • Assessed Improvements Value: $253,100

    Sales

  • Current Sale Recording Date: May 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180510001290
  • Previous Sale Recording Date: Mar 24, 2017
  • Previous Sale Amount: $265,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2536 ft²

Average Home Age

96.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73292372

Frequently Asked Questions

When was property at 48 Bay View Avenue built and last sold?
The property at 48 Bay View Avenue was built in 1900 and last sold on Jan 1, 1970 for $309,000.
How much is this home worth?
The estimated value of the home located at 48 Bay View Avenue is $444,434.
What are some comparable homes to 48 Bay View Avenue?
There are currently no comparable homes to 48 Bay View Avenue.
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