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Lynn 01902
486 Eastern Ave
$310,000
● House - Off Market

486 Eastern Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,378 Ft²
$466,082
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Back on market due to seller financing falling through at the last second!  Priced to sell on the Lynn/Swampscott line! Come view this colonial with some updated features and systems: 3 year old roof, 3 year old heating and hot water heater, recent remodeling. Hardwood floors throughout in large sized rooms, high ceilings, great outdoor space and one car garage. House needs TLC, is livable as-is, but a great rehab or sweat equity for owner occupied to add some equity! Easy to show, even short notice!
Unit Size
1,378 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$218
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1919

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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 #72153443)

Price History

Date / Event Date Event Price
Aug 29, 2017 Sold
Premium
Sold
Apr 26, 2017 Listed by LA Realty and Property Consulting, LLC $299,900
Listed by LA Realty and Property Consulting, LLC
Mar 3, 2003 Sold
Premium
Sold
Jan 8, 2003 Listed by LA Realty and Property Consulting, LLC $267,500
Listed by LA Realty and Property Consulting, LLC

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 685
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,923
  • Total Building Area: 1,370
  • Gross Building Area: 2,978
  • Building Area: 1,370
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,370
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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: 206400

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:097 B:464 L:030
  • Block: 464
  • Lot: 30
  • Municipality: LYNN
  • Latitude: 42.4807
  • Longitude: -70.9357

    Address

  • Full Address: 486 Eastern Ave
  • Address - House Number: 486
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1632
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $535,800

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 555,148
  • High Value: 660,296
  • Low Value: 449,999

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,800
  • Assessed Land Value: $187,300
  • Assessed Improvements Value: $321,500

    Sales

  • Current Sale Recording Date: Aug 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 497
  • Previous Sale Recording Date: Mar 03, 2003
  • Previous Sale Amount: $260,000
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2698 ft²

Average Home Age

97.9 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72153443

Frequently Asked Questions

When was property at 486 Eastern Avenue built and last sold?
The property at 486 Eastern Avenue was built in 1919 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 486 Eastern Avenue is $313,743.
What are some comparable homes to 486 Eastern Avenue?
There are currently no comparable homes to 486 Eastern Avenue.
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