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Lynn 01905
55 Menlo Ave
$345,000
● House - Off Market

55 Menlo Ave

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,297 Ft²
$484,135
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Fall into this adorable 3 bedroom single family waiting for your personal touch. This diamond in the rough offers an expansive lot, A beautiful garden area, lots of extra space perfect for all of your fall outdoor enjoyment. First floor offers a large living room and dining room with a large closet as well as an eat in kitchen and a full bathroom. The mud room offers added storage and access to the yard. Three large bedrooms with tons of closet space as well as a pull down attic for added storage round out the second floor. Basement comes complete with laundry area and even more storage space. Property is being Sold "AS IS".  Showings will begin at Open House.  Don't miss this opportunity to make this house your own!!!
Unit Size
1,297 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$262
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72571148)

Price History

Date / Event Date Event Price
Nov 22, 2019 Sold
Premium
Sold
Sep 25, 2019 Listed by JRS Properties, Inc. $339,900
Listed by JRS Properties, Inc.
Jun 2, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,466
  • Total Building Area: 1,363
  • Gross Building Area: 2,404
  • Building Area: 1,363
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,363
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:384 L:044
  • Block: 384
  • Lot: 44
  • Municipality: LYNN
  • Latitude: 42.4749
  • Longitude: -70.9854

    Address

  • Full Address: 55 Menlo Ave
  • Address - House Number: 55
  • Address - Street Name: Menlo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1006
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $495,900

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 559,558
  • High Value: 658,948
  • Low Value: 460,168

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $470,900
  • Assessed Land Value: $207,400
  • Assessed Improvements Value: $263,500

    Sales

  • Current Sale Contract Date: Nov 22, 2019
  • Current Sale Recording Date: Nov 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191122006470
  • Previous Sale Recording Date: Jun 02, 1992
  • Previous Sale Amount: $112,000
  • 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:

$589,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2471 ft²

Average Home Age

95.8 years

Currently For Sale

162 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: 5 months ago
Data Source: MLS PIN, MLS# 72571148

Frequently Asked Questions

When was property at 55 Menlo Avenue built and last sold?
The property at 55 Menlo Avenue was built in 1900 and last sold on Nov 22, 2019 for $345,000.
How much is this home worth?
The estimated value of the home located at 55 Menlo Avenue is $352,673.
What are some comparable homes to 55 Menlo Avenue?
There are currently no comparable homes to 55 Menlo Avenue.
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