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Lynn 01905
56 Laurel Street
Photo of 56 Laurel Street
Sold on Mar 31, 2006

1

Map

$280,000
● House - Off Market

56 Laurel Street

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,258 Ft²
$522,528
RealtyHop Estimate
80.24%
Since Apr 1, 2006
MA-Boston
Primary Model

About This Property

Immaculate interior, bright, sunny and modern kitchen with adjoining heated sun porch, four rooms on second floor, two bedrooms with adjoining 10 X 11 rooms.  One smaller room has no heat.  wonderful manicured large fenced in yard.  Also new windows, and a smaller room on first floor plus liv,din,kitchen. elec.basebd heat in sunporch.  Kitchen ceiling fixture not remaining.Refrigerator and washer and dryer negotiable.There is hd/wd floors under carpeting.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$230
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1900

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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 #70309147)

Price History

Date / Event Date Event Price
Dec 30, 2016 Sold
Premium
Sold
Mar 29, 2006 Sold
Premium
Sold
Jan 3, 2006 Listed $289,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 786
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,818
  • Total Building Area: 1,259
  • Gross Building Area: 2,513
  • Building Area: 1,259
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,259
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000225
  • 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: 205800

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:021 B:285 L:077
  • Block: 285
  • Lot: 77
  • Municipality: LYNN
  • Latitude: 42.4615
  • Longitude: -70.9757

    Address

  • Full Address: 56 Laurel St
  • Address - House Number: 56
  • Address - Street Name: Laurel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C006
  • 4-Digit Zip Code: 2041
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 563,789
  • High Value: 652,843
  • Low Value: 474,736

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $487,000
  • Assessed Land Value: $211,500
  • Assessed Improvements Value: $275,500

    Sales

  • Current Sale Recording Date: Dec 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 578844
  • Previous Sale Recording Date: Mar 29, 2006
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: 48
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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 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# 70309147

Frequently Asked Questions

When was property at 56 Laurel Street built and last sold?
The property at 56 Laurel Street was built in 1900 and last sold on Jan 1, 1970 for $190,000.
How much is this home worth?
The estimated value of the home located at 56 Laurel Street is $299,187.
What are some comparable homes to 56 Laurel Street?
There are currently no comparable homes to 56 Laurel Street.
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