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Lynn 01904
55 Stonewood Lane
$410,000
● House - Off Market

55 Stonewood Lane

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,049 Ft²
$509,808
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Lynn/Lynnfield line.  Nice level back yard.  Room for expansion in walk-up attic for 2 more bedrooms.  Beautiful fireplaced living room with all hardwood floors.  Large basement possibly could be finished.  Nice dead end street.  All good size rooms.  Screened in sunporch overloking private yard.  House has great potential for expansion.  A "must-see" inside.  First showing -- OPEN HOUSE August 8th from 12p-1p.  In accordance with Covid-19 recommendations, masks must be worn and social distancing observed. Any and all offers to be in by August 10th at 5p.  Seller needs 48 hours for review of any and all offers.
Unit Size
1,049 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$372
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1955

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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 #72703576)

Price History

Date / Event Date Event Price
Sep 25, 2020 Sold
Premium
Sold
Aug 4, 2020 Listed by Connor Real Estate $389,900
Listed by Connor Real Estate

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 1,049
  • Gross Building Area: 2,847
  • Building Area: 1,049
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,049
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:064 B:004 L:011
  • Block: 4
  • Lot: 11
  • Municipality: LYNN
  • Latitude: 42.5072
  • Longitude: -70.9871

    Address

  • Full Address: 55 Stonewood Ln
  • Address - House Number: 55
  • Address - Street Name: Stonewood
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C044
  • 4-Digit Zip Code: 1050
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $480,700

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 550,120
  • High Value: 650,865
  • Low Value: 449,376

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $456,500
  • Assessed Land Value: $207,900
  • Assessed Improvements Value: $248,600

    Sales

  • Current Sale Contract Date: Sep 11, 2020
  • Current Sale Recording Date: Sep 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20200925003050
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:

$596,450

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2491 ft²

Average Home Age

97.8 years

Currently For Sale

159 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# 72703576

Frequently Asked Questions

When was property at 55 Stonewood Lane built and last sold?
The property at 55 Stonewood Lane was built in 1955 and last sold on Sep 11, 2020 for $410,000.
How much is this home worth?
The estimated value of the home located at 55 Stonewood Lane is $395,414.
What are some comparable homes to 55 Stonewood Lane?
There are currently no comparable homes to 55 Stonewood Lane.
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