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Lynn 01902
57 Bessom St
Photo of 57 Bessom St
Sold on Aug 19, 2025

26

Map

Photo of 57 Bessom St
Photo of 57 Bessom St
$530,000
● House - Off Market

57 Bessom St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,304 Ft²
$2,878
Est. Monthly
6.99%
Cap Rate

About This Property

Welcome to 57 Bessom St in Lynn-a single-family home offering 3 bedrooms, 1 full bath, and 1,304 square feet of potential. Featuring hardwood floors, a spacious living room, and an eat-in kitchen, this home offers a solid layout ready for your personal touch. The second floor includes three bright bedrooms and a full bath. While the home has been well cared for, it offers a great opportunity for updates and customization to make it truly your own. Enjoy a private backyard perfect for gardening or entertaining. Located close to schools, shopping, parks, and commuter routes, this property is ideal for homeowners or investors looking to add value. A great chance to make it your own.
Unit Size
1,304 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$383
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1910

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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: 2 years ago (MLSPIN #73392209)

Price History

Date / Event Date Event Price
Aug 19, 2025 Sold
Premium
Sold
Jun 24, 2025 In contract -
In contract
Jun 17, 2025 Listed by Coldwell Banker Realty - Lynnfield $499,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 821
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,339
  • Total Building Area: 1,304
  • Gross Building Area: 2,425
  • Building Area: 1,304
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,304
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:105 B:425 L:044
  • Block: 425
  • Lot: 44
  • Municipality: LYNN
  • Latitude: 42.4771
  • Longitude: -70.9293

    Address

  • Full Address: 57 Bessom St
  • Address - House Number: 57
  • Address - Street Name: Bessom
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1223
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $490,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 81
  • Final Value: 531,430
  • High Value: 611,137
  • Low Value: 451,723

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $465,500
  • Assessed Land Value: $200,300
  • Assessed Improvements Value: $265,200
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

2698 ft²

Average Home Age

97.9 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73392209

Frequently Asked Questions

When was property at 57 Bessom Street built and last sold?
The property at 57 Bessom Street was built in 1910 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 57 Bessom Street is $0.
What are some comparable homes to 57 Bessom Street?
There are currently no comparable homes to 57 Bessom Street.
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