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Lynn 01902
50 Phillips Ave
$235,000
● House - Off Market

50 Phillips Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,118 Ft²
$381,450
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Move in Ready!! Brand New Kitchen: New Cabinets, Stainless steel appliances, Granite counter tops and Backsplash. New Hardwood, Tile and Carpet Floors. New siding and roof, much much more. Property has a Fenced in yard for privacy,great for a garden and entertaining. Simply unpack your bags and make this home yours. It is a must see and priced to sell fast. Offers will be presented to Seller on Sunday Night ( 5/12/2013). No Showing before Open House on Sunday May 12th 12pm-2pm.
Unit Size
1,118 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$178
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1900

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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 #71520845)

Price History

Date / Event Date Event Price
Jun 28, 2013 Sold
Premium
Sold
May 6, 2013 Listed by Keller Williams Realty Evolution $199,000
Listed by Keller Williams Realty Evolution
Jan 17, 2013 Sold
Premium
Sold
Oct 19, 2012 Listed by Don Baker Real Estate $99,000
Listed by Don Baker Real Estate
Multiple Offers All offers in by 6pm Sunday 10/21 - Great Location just needs the right buyer to turn this house into a Gem. Old-Style. Needs Work, Sold AS IS and priced for quick short sale. One bank only. Show anytime. Call List Agent today.
Sep 7, 2000 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 651
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,705
  • Total Building Area: 1,107
  • Gross Building Area: 2,072
  • Building Area: 1,107
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,107
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000062
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:540 L:022
  • Block: 540
  • Lot: 22
  • Municipality: LYNN
  • Latitude: 42.4681
  • Longitude: -70.9289

    Address

  • Full Address: 50 Phillips Ave
  • Address - House Number: 50
  • Address - Street Name: Phillips
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1945
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,900

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 551,158
  • High Value: 650,022
  • Low Value: 452,294

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,900
  • Assessed Land Value: $170,900
  • Assessed Improvements Value: $301,000

    Sales

  • Current Sale Recording Date: Jun 28, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1885
  • Previous Sale Recording Date: Jan 17, 2013
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

2697 ft²

Average Home Age

97 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# 71520845

Frequently Asked Questions

When was property at 50 Phillips Avenue built and last sold?
The property at 50 Phillips Avenue was built in 1900 and last sold on Jan 1, 1970 for $235,000.
How much is this home worth?
The estimated value of the home located at 50 Phillips Avenue is $216,019.
What are some comparable homes to 50 Phillips Avenue?
There are currently no comparable homes to 50 Phillips Avenue.
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