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Lynn 01904
56 Bay State Road
$370,000
● House - Off Market

56 Bay State Road

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,197 Ft²
$643,113
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Due to failed buyer's financing, this lovely home is back on the market....Looking for a beautiful swimming pool you can use all year long?? This wonderful Colonial home features a fabulous 16 x 32 heated, indoor, inground pool!!!  The pool room is 1500 square feet with skylights and heat.  Pool has it's own heating system and electrical.  The home has a gorgeous custom cabinet kitchen with Sub Zero refrigerator, two wall ovens (one is also a microwave), Good size living and dining room  with gleaming hardwood floors. There is central air, alarm system, and 1 1/2 baths.   Lovely professionally landscaped yard.
Unit Size
3,197 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$117
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1920

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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 #71873894)

Price History

Date / Event Date Event Price
Mar 25, 2016 Sold
Premium
Sold
Jul 15, 2015 Listed by A. James Lynch, Inc. $375,000
Listed by A. James Lynch, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1934
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,093
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,768
  • Total Building Area: 3,779
  • Gross Building Area: 5,107
  • Building Area: 3,779
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,779
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000201
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:090 B:067 L:036
  • Block: 67
  • Lot: 36
  • Municipality: LYNN
  • Latitude: 42.4978
  • Longitude: -70.9601

    Address

  • Full Address: 56 Bay State Rd
  • Address - House Number: 56
  • Address - Street Name: Bay State
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C026
  • 4-Digit Zip Code: 1830
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $814,200

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 832,798
  • High Value: 981,552
  • Low Value: 684,043

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $773,200
  • Assessed Land Value: $220,000
  • Assessed Improvements Value: $553,200

    Sales

  • Current Sale Recording Date: Mar 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 570332
  • Previous Sale Recording Date: Apr 26, 2010
  • Previous Sale Document Type: 48

    Previous Mortgages

  • Previous Mortgage Lender:
    Premium
  • Previous Mortgage Transaction Date:
    Premium
  • Previous Mortgage Loan Amount:
    Premium
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71873894

Frequently Asked Questions

When was property at 56 Bay State Road built and last sold?
The property at 56 Bay State Road was built in 1920 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 56 Bay State Road is $420,937.
What are some comparable homes to 56 Bay State Road?
There are currently no comparable homes to 56 Bay State Road.
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