$245,000
●
Condo -
Off Market
52 Cherry #2
Lynn, MA 01902
2 Beds
1 Bath
1,273 Ft²
$350,540
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model
About This Property
Back on market, buyer got cold feet...here is your opportunity!
Diamond District 2 BR Condo awaits your updates and sweat equity.
Part of a 3 unit association in a grand old Victorian house loaded
with original detail. Assessment has been paid in full, and
exterior paint job is underway! Condo features an exclusive 3
season porch, large EIK, LR, DR, hardwood floors, vinyl replacement
windows, and newly expanded basement storage area. Great location
just 2 blocks from the water, 5 min drive to Whole Foods, and less
than 1 mile to Lynn Central Square Commuter Rail. 10-15 min drive
to Wonderland Blue Line MBTA. Walk/jog trail down to Nahant beach.
Association is pet friendly w/ restrictions, see attached Master
Deed. ***Commuter Open House Wednesday 7/24 6:30pm-7:30pm***
Unit Size
1,273 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$192
Property Type
Condo
Property Taxes
$244
HOA Dues
$300
Year Built
-
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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 #72499662)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2019 | Sold | ||
| Sold | |||
| May 14, 2019 | Listed by Coldwell Banker Residential Brokerage - Winchester | $245,000 | |
| Listed by Coldwell Banker Residential Brokerage - Winchester | |||
| Mar 7, 2014 | Sold | ||
| Sold | |||
| Apr 22, 2013 | Listed by Churchill Properties | $139,000 | |
| Listed by Churchill Properties | |||
| | |||
|
Great Diamond District Victorian condo offering spacious rooms with lots of vintage detail. Beautiful wood floors are throughout this spacious single level unit with high ceilings, huge bay window, french doors and even an enclosed porch off the master bedroom! The huge kitchen easily accomodates a large table or island and features gas cooking and abundance of cabinetry. Walk to the ocean in minutes! This is a short sale-lender has approved a sale at $148K. Pictures show a stove but it's been removed.
| |||
| May 30, 2008 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Has Open Parking
Parking Features: On Street, Common
Interior Details
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Range Hood
Flooring Type: Wood, Tile
Laundry Features: In Unit, Electric Dryer Hookup, Washer Hookup, In Building
Rooms: 5
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1273
Year Built Source: Public Records
Year Built: 1890
Waterfront Features: 1/2 to 1 Mile To Beach
Building Area Total: 1273
Building Area Units: Square Feet
Patio and Porch Features: Enclosed
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3133
Water Source: Public
Financial Details
Tax Assessed Value: $204,900
Tax Annual Amount: $2,930
Utilities Details
Cooling Type: Window Unit(s), None
Heating Type: Steam, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Reserve Funds
HOA Fee: $300
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
06/23/2022
|
2 Bed
|
1 Bath
|
860 ft²
|
$289,000
2 Bed
1 Bath
860 ft²
|
$320,000
+10.73%
09/16/2022
|
Kathryn Raymond
eXp Realty
| |
|
05/14/2019
|
2 Bed
|
1 Bath
|
1273 ft²
|
$245,000
2 Bed
1 Bath
1273 ft²
|
$245,000
09/06/2019
|
Evelyn Ullman
Coldwell Banker Residential Brokerage - Winchester
| |
|
01/02/2019
|
2 Bed
|
1 Bath
|
1097 ft²
|
$210,000
2 Bed
1 Bath
1097 ft²
|
$211,540
+0.73%
02/25/2019
|
Evelyn Ullman
Coldwell Banker Residential Brokerage - Winchester
| |
|
08/08/2017
|
2 Bed
|
1 Bath
|
1019 ft²
|
$212,500
2 Bed
1 Bath
1019 ft²
|
$200,000
-5.88%
02/28/2018
|
Amanda Zerola
Millennium Real Estate, Inc.
| |
|
06/26/2015
|
2 Bed
|
1 Bath
|
1094 ft²
|
$184,900
2 Bed
1 Bath
1094 ft²
|
$175,438
-5.12%
11/12/2015
|
The Boston Home Team
Unlimited Sotheby's International Realty
| |
|
06/13/2015
|
2 Bed
|
1 Bath
|
1019 ft²
|
$144,900
2 Bed
1 Bath
1019 ft²
|
$120,000
-17.18%
09/14/2015
|
Brian Devendorf
Armstrong Field Real Estate
| |
|
04/22/2013
|
2 Bed
|
1 Bath
|
1273 ft²
|
$139,000
2 Bed
1 Bath
1273 ft²
|
$136,500
-1.80%
03/07/2014
|
Pam McKee Team
Keller Williams Realty Evolution
| |
|
09/12/2011
|
2 Bed
|
1 Bath
|
1019 ft²
|
$69,000
2 Bed
1 Bath
1019 ft²
|
$55,000
-20.29%
10/31/2011
|
Dana Lothrop
William Raveis R.E. & Home Services
| |
|
04/07/2008
|
2 Bed
|
1 Bath
|
1273 ft²
|
$199,900
2 Bed
1 Bath
1273 ft²
|
$195,500
-2.20%
05/30/2008
|
Kathleen Sullivan
Sullivan Realty Group
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017