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Lynn 01904
483 Broadway
$503,990
● House - Off Market

483 Broadway

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,738 Ft²
$2,878
Est. Monthly

About This Property

Discover breathtaking views and unmatched privacy from this glorious Cape, nestled on a serene lot off of Broadway! Featuring 3 spacious bedrooms, 1 updated bath, and a sleek open floor plan, this home is designed for modern living. The sun-drenched living room, with vaulted ceilings, offers the perfect space to entertain friends and family in style. Head outside and enjoy summer BBQs in your private outdoor oasis. Enjoy a night out in the city and a meal at Rossetti, Ciao, The Blue Ox, or one of Lynn's amazing restaurant scenes, or host your friends and family for a fun fall party while cooking up your favorite meal in the kitchen. Close proximity to public transportation and flax pond. This private retreat won't last long, don't miss your chance to own this hidden gem!
Unit Size
1,738 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$287
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1935

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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 #73293867)

Price History

Date / Event Date Event Price
Jan 17, 2025 Sold
Premium
Sold
Dec 11, 2024 In contract -
In contract
Dec 4, 2024 Price Decreased $499,000
↓ $20K (3.9%)
Price Decreased
Nov 6, 2024 Price Increased $519,000
↑ $87K (20.1%)
Price Increased
Oct 9, 2024 Relisted $432,000
Relisted
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,195
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,702
  • Total Building Area: 1,738
  • Gross Building Area: 3,857
  • Building Area: 1,738
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,738
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000131
  • 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: 205200

Zoning

  • Zoning: LI

Geography

  • Parcel: LYNN M:072 B:197 L:020
  • Block: 197
  • Lot: 20
  • Municipality: LYNN
  • Latitude: 42.4803
  • Longitude: -70.956

    Address

  • Full Address: 483 Broadway
  • Address - House Number: 483
  • Address - Street Name: Broadway
  • State: MA
  • City Name: Lynn
  • Carrier Code: C029
  • 4-Digit Zip Code: 2649
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,200

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 569,526
  • High Value: 667,924
  • Low Value: 471,128

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $486,400
  • Assessed Land Value: $152,100
  • Assessed Improvements Value: $334,300

    Sales

  • Current Sale Contract Date: Apr 12, 2022
  • Current Sale Recording Date: Apr 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220412003560
  • Previous Sale Recording Date: Mar 31, 2021
  • Previous Sale Contract Date: Mar 31, 2021
  • Previous Sale Amount: $432,000
  • 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

2704 ft²

Average Home Age

97.1 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# 73293867

Frequently Asked Questions

When was property at 483 Broadway built and last sold?
The property at 483 Broadway was built in 1935 and last sold on Apr 12, 2022 for $515,000.
How much is this home worth?
The estimated value of the home located at 483 Broadway is $506,904.
What are some comparable homes to 483 Broadway?
There are currently no comparable homes to 483 Broadway.
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