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Lynn 01902
54 Breed Street
$410,000
● House - Off Market

54 Breed Street

Lynn, MA 01902
bedrooms
5 Beds
bathrooms
1 Bath, 3 Half Baths
square feet
3,104 Ft²
$641,241
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

**OPEN HOUSE CANCELED** ATTENTION INVESTORS AND CONTRACTORS! Gorgeous Victorian in the heart of Lynn's Diamond District. Rarely available, this massive home has development potential for the right investor. 5 over sized bed rooms with original hardwood floors throughout. Less than 2 blocks from Red Rock Park and King's Beach. Partial ocean views makes this property an amazing opportunity in the most desirable section of Lynn. Contractor/broker open house THURSDAY 4:30 - 6PM and SATURDAY 1-3PM.
Unit Size
3,104 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$145
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1890

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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 #72516739)

Price History

Date / Event Date Event Price
Jul 17, 2019 Sold
Premium
Sold
Jun 11, 2019 Listed by Keller Williams Realty $449,900
Listed by Keller Williams Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,347
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,533
  • Total Building Area: 3,104
  • Gross Building Area: 5,295
  • Building Area: 3,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,104
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000104
  • 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: 206700

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:093 B:568 L:023
  • Block: 568
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4633
  • Longitude: -70.932

    Address

  • Full Address: 54 Breed St
  • Address - House Number: 54
  • Address - Street Name: Breed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C049
  • 4-Digit Zip Code: 3135
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,400

    Appraisal Valuation

  • Standard Deviation: 0.2044
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 926,101
  • High Value: 1,115,392
  • Low Value: 736,811

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $718,300
  • Assessed Land Value: $228,300
  • Assessed Improvements Value: $490,000

    Sales

  • Current Sale Contract Date: Jul 15, 2019
  • Current Sale Recording Date: Jul 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 20190717005070
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# 72516739

Frequently Asked Questions

When was property at 54 Breed Street built and last sold?
The property at 54 Breed Street was built in 1890 and last sold on Jul 15, 2019 for $410,000.
How much is this home worth?
The estimated value of the home located at 54 Breed Street is $451,341.
What are some comparable homes to 54 Breed Street?
There are currently no comparable homes to 54 Breed Street.
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