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Lynn 01905
5 Newcomb Ave
$490,000
● House - Off Market

5 Newcomb Ave

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,169 Ft²
$535,874
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Move-in conditions 3 bedrooms house, very well maintained near Saugus line, close to Rt 1. Lots of updates: new windows (2019) new floors (2019), new bathroom (2020) custom-made kitchen cabinets with granite countertops and black stainless steel appliances (2019), and a garbage compactor.  New water heater (2019). Birch Pond View from a new deck (2021). Washer and dryer (2019)  Buyer and Buyer's agent to do own due diligence. Security camera on.
Unit Size
1,169 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$427
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1925

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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 #73062019)

Price History

Date / Event Date Event Price
Jan 11, 2023 Sold
Premium
Sold
Dec 7, 2022 In contract -
In contract
Dec 1, 2022 Listed by Century 21 North East $499,000
Listed by Century 21 North East
Jul 25, 2008 Sold
Premium
Sold
Nov 14, 2003 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 1
  • 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: 560
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,535
  • Total Building Area: 1,169
  • Gross Building Area: 1,914
  • Building Area: 1,169
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,169
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:007 B:377 L:013
  • Block: 377
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4736
  • Longitude: -70.9941

    Address

  • Full Address: 5 Newcomb Ave
  • Address - House Number: 5
  • Address - Street Name: Newcomb
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 1318
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $447,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 522,557
  • High Value: 612,792
  • Low Value: 432,322

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,800
  • Assessed Land Value: $197,400
  • Assessed Improvements Value: $227,400

    Sales

  • Current Sale Contract Date: Jan 11, 2023
  • Current Sale Recording Date: Jan 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230111001880
  • Previous Sale Recording Date: Jul 25, 2008
  • Previous Sale Amount: $226,500
  • 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:

$594,986

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2481 ft²

Average Home Age

97.7 years

Currently For Sale

161 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: 5 months ago
Data Source: MLS PIN, MLS# 73062019

Frequently Asked Questions

When was property at 5 Newcomb Avenue built and last sold?
The property at 5 Newcomb Avenue was built in 1925 and last sold on Jan 11, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 5 Newcomb Avenue is $491,284.
What are some comparable homes to 5 Newcomb Avenue?
There are currently no comparable homes to 5 Newcomb Avenue.
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