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Lynn 01905
54 Farrell Road
$383,000
● House - Off Market

54 Farrell Road

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,960 Ft²
$678,036
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

7 Years Young!!! Completely Rebuilt 8 Room, 4 Bedroom, 4 Bath "New England" Style Cape In Desirable Veteran's Village.  Open Floor Plan With Gas Fire-placed Living Room, Custom Kitchen With Cherry Soft Touch Cabinets, Granite Counters, Tumble Marble Backsplash and High-End  S.S. Appliances boasting Double Ovens and 5 Burner Cooktop.  Generous Size Bedrooms and Master Suite with Private Full Bath With Heated Floor and Air Jacuzzi Tub. Partially Finished Basement with Family Room, 1/2 Bath and  Laundry.  Surround Sound System on 1st and Finished Lower Level, Security System, Central Air, 2 Zone Heat,  Continuous HW, New Insulation. "Green" House - Eco Friendly Certified. Fenced Yard, Deck and 1 Car Garage.  A Spectacular House!
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$199
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1948

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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 #71861101)

Price History

Date / Event Date Event Price
Oct 13, 2021 Sold
Premium
Sold
Aug 30, 2021 Listed by Toner Real Estate, LLC $669,900
Listed by Toner Real Estate, LLC
Sep 15, 2015 Sold
Premium
Sold
Jun 20, 2015 Listed by Toner Real Estate, LLC $389,900
Listed by Toner Real Estate, LLC
Apr 29, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 7
  • Basement Area: 858
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,200
  • Total Building Area: 1,960
  • Gross Building Area: 3,592
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VETERANS HOUSING SEC 03
  • Land Acres: 0000000119
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:022 B:341 L:019
  • Block: 341
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.4662
  • Longitude: -70.9782

    Address

  • Full Address: 54 Farrell Rd
  • Address - House Number: 54
  • Address - Street Name: Farrell
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 1408
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $718,800

    Appraisal Valuation

  • Standard Deviation: 0.1578
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 762,335
  • High Value: 882,365
  • Low Value: 642,306

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $682,600
  • Assessed Land Value: $200,200
  • Assessed Improvements Value: $482,400

    Sales

  • Current Sale Contract Date: Oct 13, 2021
  • Current Sale Recording Date: Oct 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211013005120
  • Previous Sale Recording Date: Sep 15, 2015
  • Previous Sale Amount: $383,000
  • Previous Sale Document Type: O
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

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2441 ft²

Average Home Age

96 years

Currently For Sale

158 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: 5 months ago
Data Source: MLS PIN, MLS# 71861101

Frequently Asked Questions

When was property at 54 Farrell Road built and last sold?
The property at 54 Farrell Road was built in 1948 and last sold on Oct 13, 2021 for $670,000.
How much is this home worth?
The estimated value of the home located at 54 Farrell Road is $662,982.
What are some comparable homes to 54 Farrell Road?
There are currently no comparable homes to 54 Farrell Road.
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