$209,000
●
Condo -
Off Market
51 Cherry Street #3
Lynn, MA 01902
2 Beds
1 Bath
984 Ft²
$368,313
RealtyHop Estimate
76.23%
Since Aug 1, 2005
MA-Boston
Primary Model
About This Property
Spectacular condo in the diamond district. One block from the
ocean. Open concept, Eat-in kitchen, all new appliances, a
must see!
Unit Size
984 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$212
Property Type
Condo
Property Taxes
$148
HOA Dues
$175,000
Year Built
-
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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 #70200458)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 12, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Nov 11, 2024 | Relisted | $240,000 | |
| Relisted | |||
| Oct 20, 2024 | In contract | - | |
| In contract | |||
| Aug 29, 2024 | Listed by LAER Realty Partners | $384,900 | |
| Listed by LAER Realty Partners | |||
| | |||
|
Welcome to your new home in the heart of the Diamond District! This beautifully maintained top-floor condo offers a perfect blend of cozy and convenience. The condo features two bedrooms, 1 bathroom, a kitchen/dining area and two family/living areas. This open concept space has large windows that flood the home with natural light. Enjoy the luxury of having laundry in the unit and a large storage space in the basement. Relax and unwind on your own private balcony with lovely views—perfect for morning coffee or evening sunsets.
| |||
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Property Highlights
Parking Available
Fireplace
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet
Rooms: 4
Has Fireplace
Fireplaces: 1
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 984
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: Beach Front, 0 to 1/10 Mile To Beach
Building Area Total: 984
Building Area Units: Square Feet
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Lot Size Square Feet: 4539
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $179,200
Tax Annual Amount: $1,773
Utilities Details
Cooling Type: None
Heating Type: Electric
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Snow Removal
HOA Fee: $175,000
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/29/2024
|
2 Bed
|
1 Bath
|
984 ft²
|
$384,900
2 Bed
1 Bath
984 ft²
|
$380,000
-1.27%
12/12/2024
|
Arianna Cardillo
LAER Realty Partners
| |
|
12/10/2019
|
2 Bed
|
1 Bath
|
1122 ft²
|
$245,000
2 Bed
1 Bath
1122 ft²
|
$261,000
+6.53%
01/22/2020
|
Joyce E. Sullivan
Kinlin Grover GMAC Real Estate
| |
|
10/24/2018
|
2 Bed
|
1 Bath
|
984 ft²
|
$249,900
2 Bed
1 Bath
984 ft²
|
$240,000
-3.96%
12/06/2018
|
Philip Dennesen
Keller Williams - Beverly
| |
|
08/13/2015
|
2 Bed
|
1 Bath
|
984 ft²
|
$149,900
2 Bed
1 Bath
984 ft²
|
$149,900
10/22/2015
|
Sherry Venezia
Real Homes Realty
| |
|
11/21/2005
|
2 Bed
|
1 Bath
|
1122 ft²
|
$255,000
2 Bed
1 Bath
1122 ft²
|
$255,000
02/24/2006
|
Joseph McVicar
| |
|
05/31/2005
|
2 Bed
|
1 Bath
|
984 ft²
|
$209,000
2 Bed
1 Bath
984 ft²
|
$209,000
07/08/2005
|
Robin Duquette
Coldwell Banker Residential Brokerage - Swampscott
| |
|
01/08/2002
|
2 Bed
|
1 Bath
|
1000 ft²
|
$159,900
2 Bed
1 Bath
1000 ft²
|
$163,000
+1.94%
02/28/2002
|
Robin Duquette
Coldwell Banker Residential Brokerage - Swampscott
| |
|
10/16/2001
|
2 Bed
|
1 Bath
|
1122 ft²
|
$179,000
2 Bed
1 Bath
1122 ft²
|
$179,600
+0.34%
12/14/2001
|
Diane Polley
Churchill Properties
| |
|
09/01/1999
|
2 Bed
|
1 Bath
|
1000 ft²
|
$119,000
2 Bed
1 Bath
1000 ft²
|
$116,000
-2.52%
12/08/1999
|
Debra Minichino
Coldwell Banker Residential Brokerage - Marshfield
| |
|
08/02/1999
|
2 Bed
|
1 Bath
|
1122 ft²
|
$134,900
2 Bed
1 Bath
1122 ft²
|
$129,000
-4.37%
09/30/1999
|
Robin Duquette
Coldwell Banker Residential Brokerage - Swampscott
| |
|
07/07/1998
|
2 Bed
|
1 Bath
|
1122 ft²
|
$99,000
2 Bed
1 Bath
1122 ft²
|
$96,000
-3.03%
10/05/1998
|
Marcie Gingle
RE/MAX 360
| |
|
01/15/1998
|
2 Bed
|
1 Bath
|
1330 ft²
|
$92,500
2 Bed
1 Bath
1330 ft²
|
$85,000
-8.11%
04/30/1998
|
Susan Manning-Cardone
Carlson GMAC Real Estate
|
Building Info
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