For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lynn 01902
56 Merrill Ave
$390,000
● House - Off Market

56 Merrill Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,145 Ft²
$470,713
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Charming colonial in East Lynn near Swampscott line, less than a mile from train station and the beach.  This well-kept home boasts with updates, including refinished hardwood floors throughout, new lighting fixtures in dining room, living room, and kitchen, freshly painted, updated pantry and built in cabinet in dining room, updated kitchen with granite countertops, stainless steel appliances, tile floors, new stairs to second floor, updated bathroom with new cast iron bathtub and tiled wall, roof is 4 years old, siding, trims, new fence, paved driveway, and so much more.  Truly a low-maintenance and turn-key home.  Showings begin at Open House Friday 6 pm - 7:30 pm, Saturday July 25th 11 am - 12:30 pm & Sunday July 26th 11 am - 12:30 pm - Please wear a mask, booties will be provided by listing agent.
Unit Size
1,145 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$314
Property Type
House
Property Taxes
$307
HOA Dues
-
Year Built
1920

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72694997)

Price History

Date / Event Date Event Price
Sep 15, 2020 Sold
Premium
Sold
Jul 20, 2020 Listed by Century 21 North East $360,000
Listed by Century 21 North East
Mar 1, 2002 Sold
Premium
Sold
Jan 8, 2002 Listed by Century 21 North East $189,900
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 701
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,906
  • Total Building Area: 1,145
  • Gross Building Area: 2,054
  • Building Area: 1,145
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,145
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000044
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:544 L:005
  • Block: 544
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4684
  • Longitude: -70.9278

    Address

  • Full Address: 56 Merrill Ave
  • Address - House Number: 56
  • Address - Street Name: Merrill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1918
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $451,000

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 502,240
  • High Value: 594,460
  • Low Value: 410,020

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $428,300
  • Assessed Land Value: $166,700
  • Assessed Improvements Value: $261,600

    Sales

  • Current Sale Contract Date: Sep 10, 2020
  • Current Sale Recording Date: Sep 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200915008090
  • Previous Sale Recording Date: Mar 01, 2002
  • Previous Sale Amount: $198,000
  • 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:

$597,950

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 years

Currently For Sale

163 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72694997

Frequently Asked Questions

When was property at 56 Merrill Avenue built and last sold?
The property at 56 Merrill Avenue was built in 1920 and last sold on Sep 10, 2020 for $390,000.
How much is this home worth?
The estimated value of the home located at 56 Merrill Avenue is $362,856.
What are some comparable homes to 56 Merrill Avenue?
There are currently no comparable homes to 56 Merrill Avenue.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lynn Homes for Sale
Lynn Houses for Sale
Lynn Condos for Sale
Lynn Townhouses for Sale
Lynn Multifamily for Sale
Lynn Land for Sale
Lynn Commercial for Sale
Lynn Homes with Basements
Nearby Cities
Cambridge Homes for Sale
Somerville Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Thompson Square - Bunker Hill Real Estate
Glendale Real Estate
North End Real Estate
Peabody Town Center Real Estate
East Cambridge Real Estate
Glenwood Real Estate
Nearby Counties
Cambridge Homes for Sale
Somerville Homes for Sale
Salem Homes for Sale
Medford Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Top Real Estate Agents
Top Agents in Lynn
Top Agents in Cambridge
Top Agents in Cambridge
Top Agents in Somerville
Top Agents in Somerville
Top Agents in Salem
Top Agents in Salem
Top Agents in 01970