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Lynn 01902
53 Coburn St
$400,000
● House - Off Market

53 Coburn St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,286 Ft²
$428,939
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Don't miss out on this great starter home located on the Swampscott line near Lynn Beach, schools, shopping, laundry, markets, public transportation, and other amenities within walking distance.  This property features living room, dining room, kitchen, and an unheated space off the kitchen which could be used as an office or extra storage. Second floor features 3 bedrooms.  Fenced yard and a working above ground pool and a deck for outdoor fun.  One off street parking and plenty of street parking.    Home is in need of some cosmetic work and is being sold in AS IS condition.   Come make this property yours, call for showing! Open House this Saturday 9/24/22 from 12p-2pm. Offers are due by 5pm on Monday 9/26/22, please email your offer and allow 24hrs to get a response.
Unit Size
1,286 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$311
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1910

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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 #73038487)

Price History

Date / Event Date Event Price
Nov 7, 2022 Sold
Premium
Sold
Oct 1, 2022 In contract -
In contract
Sep 20, 2022 Listed by Premium Realty & Insurance Services $399,999
Listed by Premium Realty & Insurance Services
Sep 28, 2001 Sold
Premium
Sold
Jun 23, 2001 Listed by Premium Realty & Insurance Services $169,900
Listed by Premium Realty & Insurance Services
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • 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: 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: 770
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,876
  • Total Building Area: 1,286
  • Gross Building Area: 2,409
  • Building Area: 1,286
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,286
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000089
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:105 B:483 L:032
  • Block: 483
  • Lot: 32
  • Municipality: LYNN
  • Latitude: 42.4758
  • Longitude: -70.9304

    Address

  • Full Address: 53 Coburn St
  • Address - House Number: 53
  • Address - Street Name: Coburn
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1741
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $482,500

    Appraisal Valuation

  • Standard Deviation: 0.1815
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 491,143
  • High Value: 581,325
  • Low Value: 400,960

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,200
  • Assessed Land Value: $158,000
  • Assessed Improvements Value: $300,200

    Sales

  • Current Sale Contract Date: Nov 07, 2022
  • Current Sale Recording Date: Nov 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221107002630
  • Previous Sale Recording Date: Sep 28, 2001
  • Previous Sale Amount: $173,900
  • 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:

$592,493

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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: 5 months ago
Data Source: MLS PIN, MLS# 73038487

Frequently Asked Questions

When was property at 53 Coburn Street built and last sold?
The property at 53 Coburn Street was built in 1910 and last sold on Nov 7, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 53 Coburn Street is $400,567.
What are some comparable homes to 53 Coburn Street?
There are currently no comparable homes to 53 Coburn Street.
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