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Lynn 01902
48 Nahant Street
$621,000
● House - Off Market

48 Nahant Street

Lynn, MA 01902
bedrooms
7 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
5,181 Ft²
$1,241,735
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

Gracious Diamond District Victorian, has been lovingly renovated and restored.Beautiful enterance leads to a large foyer with Chandelier,fireplace and stainglass windowed staircase.Light filled fireplaced livingroom, Natural Woodwork with detailed doored diningroom, New Kitchen, Frenchdoors and half bath/laundry. The second and third floors offer flexible bedroom, office or entertaining spaces. Close to Ocean
Unit Size
5,181 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$123
Property Type
House
Property Taxes
$757
HOA Dues
-
Year Built
1888

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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 #71386147)

Price History

Date / Event Date Event Price
May 23, 2013 Sold
Premium
Sold
May 21, 2012 Listed by Conway - Swampscott $639,000
Listed by Conway - Swampscott
Jul 10, 2003 Sold
Premium
Sold
Apr 21, 2003 Listed by Conway - Swampscott $579,900
Listed by Conway - Swampscott

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 9
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,124
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,832
  • Total Building Area: 4,842
  • Gross Building Area: 8,411
  • Building Area: 4,842
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 4,842
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000318
  • 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: 206700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:081 B:579 L:021
  • Block: 579
  • Lot: 21
  • Municipality: LYNN
  • Latitude: 42.4623
  • Longitude: -70.9375

    Address

  • Full Address: 48 Nahant St
  • Address - House Number: 48
  • Address - Street Name: Nahant
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C049
  • 4-Digit Zip Code: 3305
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,268,700

    Appraisal Valuation

  • Standard Deviation: 0.213
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 1,183,442
  • High Value: 1,435,139
  • Low Value: 931,746

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,204,800
  • Assessed Land Value: $251,400
  • Assessed Improvements Value: $953,400

    Sales

  • Current Sale Recording Date: May 23, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Jul 10, 2003
  • Previous Sale Amount: $570,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

97.7 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# 71386147

Frequently Asked Questions

When was property at 48 Nahant Street built and last sold?
The property at 48 Nahant Street was built in 1888 and last sold on Jan 1, 1970 for $621,000.
How much is this home worth?
The estimated value of the home located at 48 Nahant Street is $643,812.
What are some comparable homes to 48 Nahant Street?
There are currently no comparable homes to 48 Nahant Street.
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