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Lynn 01904
55 Lawrence Road
$469,000
● House - Off Market

55 Lawrence Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$597,263
RealtyHop Estimate
25.77%
Since Feb 1, 2021
MA-Boston
Primary Model

About This Property

Split-level home with an open floor plan conveniently located on a cul-de-sac in a desirable location of Lynn.  This home offers 3 bedrooms, 2 full bathrooms and a one-car garage.  Entertaining is made easy with the open living room / dining room combination with sliders to a deck and outdoor space.  Lower level is plumbed for a full-bathroom and could be finished for additional living space.  Solar panels on roof provide energy savings.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$381
Property Type
House
Property Taxes
$457
HOA Dues
-
Year Built
1996

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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 years ago (MLSPIN #72755303)

Price History

Date / Event Date Event Price
Jan 28, 2021 Sold
Premium
Sold
Nov 10, 2020 Listed by Keller Williams Realty Evolution $474,900
Listed by Keller Williams Realty Evolution
Aug 1, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,821
  • Total Building Area: 1,248
  • Gross Building Area: 2,592
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000432
  • 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:100 B:139 L:088
  • Block: 139
  • Lot: 88
  • Municipality: LYNN
  • Latitude: 42.4895
  • Longitude: -70.9488

    Address

  • Full Address: 55 Lawrence Rd
  • Address - House Number: 55
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C041
  • 4-Digit Zip Code: 2071
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $582,500

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 602,087
  • High Value: 709,632
  • Low Value: 494,542

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,200
  • Assessed Land Value: $210,400
  • Assessed Improvements Value: $342,800

    Sales

  • Current Sale Contract Date: Jan 26, 2021
  • Current Sale Recording Date: Jan 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 621255
  • Previous Sale Recording Date: Aug 01, 1996
  • Previous Sale Amount: $169,000
  • Previous Sale Document Type: 43
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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 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 years ago
Data Source: MLS PIN, MLS# 72755303

Frequently Asked Questions

When was property at 55 Lawrence Road built and last sold?
The property at 55 Lawrence Road was built in 1996 and last sold on Jan 26, 2021 for $469,000.
How much is this home worth?
The estimated value of the home located at 55 Lawrence Road is $0.
What are some comparable homes to 55 Lawrence Road?
There are currently no comparable homes to 55 Lawrence Road.
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