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Lynn 01904
53 Edgemere Rd
$400,000
● House - Off Market

53 Edgemere Rd

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,152 Ft²
$654,388
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Meticulously Maintained Ranch With Ample Living Space! This Home Offers Three Large Bedrooms With Hardwood Floors On The First Level, An Open Concept Living Room and Kitchen, Formal Dining Room, Heated Sun Room Or Office, And Walk Up Attic With The Potential To Be Finished. The Finished Basement Offers A Possible In-Law Apartment With A Living Room, Bedroom, Bathroom With Shower Stall, Eat-In Kitchen, Cedar Closet, And Work Area. The Lush Yard Has Two Fenced In Areas Great For Cookouts Or Get Togethers, A Patio, Shed, And Tons Of Off Street Parking.
Unit Size
2,152 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$195
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1955

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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 #72184249)

Price History

Date / Event Date Event Price
Sep 1, 2017 Sold
Premium
Sold
Jun 19, 2017 Listed by Toner Real Estate, LLC $419,900
Listed by Toner Real Estate, LLC
Apr 17, 1998 Sold
Premium
Sold
Feb 10, 1998 Listed by Toner Real Estate, LLC $162,000
Listed by Toner Real Estate, LLC
Feb 28, 1995 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,032
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,944
  • Total Building Area: 1,152
  • Gross Building Area: 2,670
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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:099 B:142 L:031
  • Block: 142
  • Lot: 31
  • Municipality: LYNN
  • Latitude: 42.4897
  • Longitude: -70.9444

    Address

  • Full Address: 53 Edgemere Rd
  • Address - House Number: 53
  • Address - Street Name: Edgemere
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2015
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $583,700

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 636,086
  • High Value: 741,169
  • Low Value: 531,002

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $554,300
  • Assessed Land Value: $198,600
  • Assessed Improvements Value: $355,700

    Sales

  • Current Sale Recording Date: Sep 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 275
  • Previous Sale Recording Date: Apr 17, 1998
  • Previous Sale Amount: $160,000
  • 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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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# 72184249

Frequently Asked Questions

When was property at 53 Edgemere Road built and last sold?
The property at 53 Edgemere Road was built in 1955 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 53 Edgemere Road is $428,383.
What are some comparable homes to 53 Edgemere Road?
There are currently no comparable homes to 53 Edgemere Road.
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