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50 Martin Road

50 Martin Road, Lynn, MA 01904
Property in Lynn
Sold Dec 02, 2016
$580,000
$386,500 by Brotherhood Cu
Mortgage Due Jul 01, 2036
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Local assessors in Lynn, MA have categorized 50 Martin Road as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 26,389 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 50 Martin Road has a total of 3,248 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of wood siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 50 Martin Road was last sold in Jan 1, 1970 for $580,000. According to our calculations, that's $178.57 per sqft. Current property owners are expected to pay $9,384 in taxes per year. The property on 50 Martin Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $841,600. To break that down further, the land itself was valued at $233,600. While improvements to the property were assessed at a total of $608,000. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Outdoor Space

Garden

Parking

Attached Garage Off Street Parking

Condition

Level Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,360
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,389
  • Total Building Area: 3,248
  • Gross Building Area: 6,042
  • Building Area: 3,248
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 3,248
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.606
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : ALLARD RICHARD E
  • Current Owner 2: ALLARD SUSANA R
  • Previous Owner : EDGETT ALAN H
  • Previous Owner 2: EDGETT DIANE J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:047 B:013 L:081
  • Block: 13
  • Lot: 81
  • Municipality: LYNN
  • Latitude: 42.5031
  • Longitude: -70.9869

    Address

  • Full Address: 50 Martin Rd
  • Address - House Number: 50
  • Address - Street Name: Martin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C044
  • 4-Digit Zip Code: 1217
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,384

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 984,813
  • High Value: 1,155,090
  • Low Value: 814,537

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $386,500
  • First Open Lien Mortgage Lender: BROTHERHOOD CU
  • First Open Lien Mortgage Recording Date: Jun 30, 2021
  • First Open Lien Mortgage Loan Amount: $386,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2036

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $841,600
  • Assessed Land Value: $233,600
  • Assessed Improvements Value: $608,000

    Sales

  • Current Sale Recording Date: Dec 02, 2016
  • Current Sale Transaction ID: 1882833611
  • Current Sale Price: $580,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 118

    Last Sale Mortgage

  • First Mortgage Lender: BROTHERHOOD CU
  • First Mortgage Transaction Date: Dec 02, 2016
  • First Mortgage Loan Amount: $417,000
  • First Mortgage Terms: 371
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 02, 2047

About Lynn



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Frequently Asked Questions

What neighborhood is 50 Martin Road located in?
The 50 Martin Road is a located in the neighborhood of Lynn in Lynn, Lynn.
What is the average sales price for listings in 50 Martin Road?
The average sales price for units in 50 Martin Road is $0 currently.

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