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Lynn 01904
52 Bailey Street
$360,000
● House - Off Market

52 Bailey Street

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
955 Ft²
$364,503
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Endless OPPORTUNITY Awaits ! Investors and contractors take notice. This 2 bedroom, 1 full bathroom Bungalow conveniently located in Lynn on a dead end street is ready for you to build some sweat equity! Bring your vision and finishing touches to make this house your home! Watch your your ideas come to life with existing features such as plenty of large windows, gorgeous archways, hardwood floors, fireplace, breakfast nook and ceiling fans. Outside, find a detached oversized one car garage, plenty of parking for up to 3 cars, and a lush backyard space with shed! Moments to local hiking trails, ponds, shops, restaurants and MORE. Unfinished basement has lots of storage and future potential. All showings to commence at the Public Open Houses SAT 11/4 11am-12:30pm & SUN 11/5 11am-12:30pm. Don't miss this one!
Unit Size
955 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$355
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1930

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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 #73053893)

Price History

Date / Event Date Event Price
Dec 22, 2022 Sold
Premium
Sold
Nov 8, 2022 In contract -
In contract
Nov 1, 2022 Listed by Lamacchia Realty, Inc. $339,000
Listed by Lamacchia Realty, Inc.
May 31, 1989 Sold
Premium
Sold
Nov 25, 1987 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 760
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,795
  • Total Building Area: 955
  • Gross Building Area: 1,870
  • Building Area: 955
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 955
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:074 B:179 L:017
  • Block: 179
  • Lot: 17
  • Municipality: LYNN
  • Latitude: 42.4863
  • Longitude: -70.9652

    Address

  • Full Address: 52 Bailey St
  • Address - House Number: 52
  • Address - Street Name: Bailey
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C024
  • 4-Digit Zip Code: 2240
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $516,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 512,136
  • High Value: 609,600
  • Low Value: 414,672

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $490,600
  • Assessed Land Value: $197,500
  • Assessed Improvements Value: $293,100

    Sales

  • Current Sale Contract Date: Dec 22, 2022
  • Current Sale Recording Date: Dec 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 641595
  • Previous Sale Recording Date: May 31, 1989
  • Previous Sale Amount: $143,000
  • Previous Sale Document Type: 27
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73053893

Frequently Asked Questions

When was property at 52 Bailey Street built and last sold?
The property at 52 Bailey Street was built in 1930 and last sold on Dec 22, 2022 for $360,000.
How much is this home worth?
The estimated value of the home located at 52 Bailey Street is $345,873.
What are some comparable homes to 52 Bailey Street?
There are currently no comparable homes to 52 Bailey Street.
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