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Lynn 01902
524 Eastern Avenue
Photo of 524 Eastern Avenue
Sold on Aug 14, 2026

42

Map

Photo of 524 Eastern Avenue
Photo of 524 Eastern Avenue
$645,000
● House - Off Market

524 Eastern Avenue

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,470 Ft²
$3,434
Est. Monthly

About This Property

Beautifully updated 4-bedroom, 2-bath single-family home in a convenient Lynn location near the Swampscott line! Features include an updated kitchen and baths, hardwood floors throughout, and a first-level bedroom. The basement offers great potential for future finished space and includes a soundproof music room. Enjoy a private backyard, detached garage, and close proximity to CVS, public transit, Lynn Beach, and Route 107 with easy access to Boston, Salem, and nearby shops, restaurants, and the beach.
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$408
Property Type
House
Property Taxes
$487
HOA Dues
-
Year Built
1924

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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: 2 months ago (MLSPIN #73540011)

Price History

Date / Event Date Event Price
Aug 14, 2026 Sold
Premium
Sold
Jul 1, 2026 In contract -
In contract
Jun 23, 2026 Listed by 117 Realty $599,999
Listed by 117 Realty
Jul 16, 2012 Sold
Premium
Sold
Mar 7, 2012 Listed by 117 Realty $246,900
Listed by 117 Realty
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • 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: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,459
  • Gross Building Area: 2,862
  • Building Area: 1,459
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,459
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TERRACE BAYSIDE CONDO
  • Land Acres: 0000000115
  • 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:097 B:454 L:010
  • Block: 454
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4816
  • Longitude: -70.9372

    Address

  • Full Address: 524 Eastern Ave
  • Address - House Number: 524
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C034
  • 4-Digit Zip Code: 1539
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $574,800

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 599,382
  • High Value: 712,909
  • Low Value: 485,855

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $545,900
  • Assessed Land Value: $182,500
  • Assessed Improvements Value: $363,400

    Sales

  • Current Sale Recording Date: Jul 16, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Dec 03, 2002
  • Previous Sale Amount: $259,000
  • 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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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: 2 months ago
Data Source: MLS PIN, MLS# 73540011

Frequently Asked Questions

When was property at 524 Eastern Avenue built and last sold?
The property at 524 Eastern Avenue was built in 1924 and last sold on Jan 1, 1970 for $237,500.
How much is this home worth?
The estimated value of the home located at 524 Eastern Avenue is $572,652.
What are some comparable homes to 524 Eastern Avenue?
There are currently no comparable homes to 524 Eastern Avenue.
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