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Lynn 01902
5 Western Ave
$435,000
● House - Off Market

5 Western Ave

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,690 Ft²
$481,755
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Lynn/Salem line Cape with 1690 square feet of living space and features 7 rooms, 4 bedrooms, full bath on 1st floor and 3/4 bath on second floor, attached garage, breeze way, 3 car parking, eat in kitchen, large living room with fireplace and beautiful wood flooring throughout.  Large open basement with separate room featuring a fireplace. Showings start at the Open House Saturday October 16th and Sunday October 17th from 11am-1pm.  Offers due Monday October 18th at 7pm, please allow 24 hours for a response.
Unit Size
1,690 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$254
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1941

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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 years ago (MLSPIN #72908561)

Price History

Date / Event Date Event Price
Dec 10, 2021 Sold
Premium
Sold
Oct 14, 2021 Listed by Cameron Prestige, LLC $429,900
Listed by Cameron Prestige, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 974
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,502
  • Total Building Area: 1,690
  • Gross Building Area: 3,490
  • Building Area: 1,690
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,690
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:108 B:158 L:008
  • Block: 158
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.4899
  • Longitude: -70.9365

    Address

  • Full Address: 5 Western Ave
  • Address - House Number: 5
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2105
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $486,200

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 547,622
  • High Value: 648,628
  • Low Value: 446,616

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,700
  • Assessed Land Value: $188,900
  • Assessed Improvements Value: $272,800

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211210005510
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:

$597,950

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

95.9 years

Currently For Sale

162 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 years ago
Data Source: MLS PIN, MLS# 72908561

Frequently Asked Questions

When was property at 5 Western Avenue built and last sold?
The property at 5 Western Avenue was built in 1941 and last sold on Dec 10, 2021 for $435,000.
How much is this home worth?
The estimated value of the home located at 5 Western Avenue is $0.
What are some comparable homes to 5 Western Avenue?
There are currently no comparable homes to 5 Western Avenue.
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