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Saugus 01906 Lynnhurst
54 Fairmount Ave
$500,000
● House - Off Market

54 Fairmount Ave

Saugus, MA 01906
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,620 Ft²
$2,817
Est. Monthly

About This Property

Cape style home on a corner lot with 3+ BR's,  one BA and finished room in the basement.  Great chance for first time home buyers or empty nesters looking for 1st fl main BR...very convenient location to schools, highway, shopping.   Lots of room and potential to make this your own. Opportunity awaits your creative touch!  Seller has never lived in the property.  Sale is subject to (1) issuance of license to sell from Probate Court, (2) release of estate tax lien (by affidavit, or release of lien), and (3) fiduciary rider. Seller has never occupied the property.    Offers if any, are due Tuesday, Oct 17th.  Please allow at least 24 hrs for review.
Unit Size
1,620 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$296
Property Type
House
Property Taxes
$465
HOA Dues
-
Year Built
1954

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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 #73170263)

Price History

Date / Event Date Event Price
Dec 18, 2023 Sold
Premium
Sold
Nov 18, 2023 In contract -
In contract
Nov 16, 2023 Relisted $479,000
Relisted
Oct 19, 2023 In contract -
In contract
Oct 13, 2023 Listed by Barrett, Chris. J., REALTORS® $479,000
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Basement Area: 1,206
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,752
  • Total Building Area: 1,620
  • Gross Building Area: 3,461
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208302

Zoning

  • Zoning: NA

Geography

  • Account Number: 8306006
  • Parcel: SAUG M:011-G B:0005 L:0008
  • Block: 5
  • Lot: 8
  • Municipality: SAUGUS
  • Latitude: 42.4732
  • Longitude: -70.9975

    Address

  • Full Address: 54 Fairmount Ave
  • Address - House Number: 54
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Saugus
  • Carrier Code: C005
  • 4-Digit Zip Code: 1426
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $577,200

    Appraisal Valuation

  • Standard Deviation: 0.1802
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 76
  • Final Value: 587,009
  • High Value: 692,798
  • Low Value: 481,221

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,000
  • Assessed Land Value: $305,100
  • Assessed Improvements Value: $236,900

    Sales

  • Current Sale Contract Date: Dec 18, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231218002000
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 Lynnhurst

Stats & Trends

Median Asking:

$627,400

Sale Price/ft²

$403

Below Asking

0.01%

Average Days on Market

61

Average Home Size

3529 ft²

Average Home Age

34.2 years

Currently For Sale

9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73170263

Frequently Asked Questions

When was property at 54 Fairmount Avenue built and last sold?
The property at 54 Fairmount Avenue was built in 1954 and last sold on Dec 18, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 54 Fairmount Avenue is $491,830.
What are some comparable homes to 54 Fairmount Avenue?
There are currently no comparable homes to 54 Fairmount Avenue.
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