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Lynn 01905
56 Walnut Park
$315,000
● House - Off Market

56 Walnut Park

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths
square feet
930 Ft²
$473,581
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

**Multiple Offer Notification.  Offers due by Monday at 6pm with a response time of Tuesday at 6pm.** Perfect for first-time homebuyers or downsizers, this ranch style home is sited on a level, fenced lot on a tree-lined street. Boasting newer roof, heating system and water heater this home is ready for its new owners.  Offering three bedrooms with hardwood flooring, cherry kitchen cabinets and an expansive finished lower level with additional ¾ bath and laundry area. Close to shops, schools and commuter routes.
Unit Size
930 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$322
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1954

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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 #72130997)

Price History

Date / Event Date Event Price
Dec 29, 2020 Sold
Premium
Sold
Oct 15, 2020 Listed by Keller Williams Realty Evolution $409,000
Listed by Keller Williams Realty Evolution
May 3, 2017 Sold
Premium
Sold
Mar 15, 2017 Listed by Keller Williams Realty Evolution $299,000
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 912
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,362
  • Total Building Area: 930
  • Gross Building Area: 1,912
  • Building Area: 930
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 930
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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:023 B:367 L:009
  • Block: 367
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4721
  • Longitude: -70.9868

    Address

  • Full Address: 56 Walnut Park
  • Address - House Number: 56
  • Address - Street Name: Walnut
  • Address - Suffix Type: Park
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 1343
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $535,000

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 608,508
  • High Value: 712,791
  • Low Value: 504,226

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $508,100
  • Assessed Land Value: $191,100
  • Assessed Improvements Value: $317,000

    Sales

  • Current Sale Contract Date: Dec 28, 2020
  • Current Sale Recording Date: Dec 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201229007380
  • Previous Sale Recording Date: May 03, 2017
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: O
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

2700 ft²

Average Home Age

96.7 years

Currently For Sale

157 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# 72130997

Frequently Asked Questions

When was property at 56 Walnut Park built and last sold?
The property at 56 Walnut Park was built in 1954 and last sold on Dec 28, 2020 for $470,000.
How much is this home worth?
The estimated value of the home located at 56 Walnut Park is $424,121.
What are some comparable homes to 56 Walnut Park?
There are currently no comparable homes to 56 Walnut Park.
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