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Lynn 01902
51 Manning Rd
$243,000
● House - Off Market

51 Manning Rd

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,426 Ft²
$474,465
RealtyHop Estimate
82.56%
Since Feb 1, 2015
MA-Boston
Primary Model

About This Property

Charming Colonial in quiet, convenient neighborhood just over Salem line. First floor features spacious living room with brick fireplace, dining room with charming built in cabinet, cozy kitchen, and a sunny office off the living room. Second floor features three bedrooms and full bath. Hardwood floors throughout. Enjoy the New England fall on the back deck or in the fenced in yard. This house is low maintenance with newer room, windows, and heating system. Just bring your decorating ideas to make this home your own in time for the holidays!
Unit Size
1,426 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$182
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1935

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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 #71763252)

Price History

Date / Event Date Event Price
Jan 20, 2015 Sold
Premium
Sold
Oct 30, 2014 Listed by RE/MAX Advantage Real Estate $259,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 668
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,472
  • Total Building Area: 1,426
  • Gross Building Area: 2,329
  • Building Area: 1,426
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,426
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000194
  • 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:107 B:398 L:022
  • Block: 398
  • Lot: 22
  • Municipality: LYNN
  • Latitude: 42.4872
  • Longitude: -70.9358

    Address

  • Full Address: 51 Manning Rd
  • Address - House Number: 51
  • Address - Street Name: Manning
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C037
  • 4-Digit Zip Code: 1029
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $530,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 554,363
  • High Value: 655,084
  • Low Value: 453,643

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $503,500
  • Assessed Land Value: $204,400
  • Assessed Improvements Value: $299,100

    Sales

  • Current Sale Recording Date: Jan 20, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12000483
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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71763252

Frequently Asked Questions

When was property at 51 Manning Road built and last sold?
The property at 51 Manning Road was built in 1935 and last sold on Jan 1, 1970 for $243,000.
How much is this home worth?
The estimated value of the home located at 51 Manning Road is $276,343.
What are some comparable homes to 51 Manning Road?
There are currently no comparable homes to 51 Manning Road.
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