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Lynn 01904
57 Oak Ridge Circle
$470,000
● House - Off Market

57 Oak Ridge Circle

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,312 Ft²
$668,827
RealtyHop Estimate
40.81%
Since Mar 1, 2020
MA-Boston
Primary Model

About This Property

Quiet, tree lined neighborhood with well kept homes on a private cul-de-sac! Discover one of Lynn's finest neighborhoods, minutes from Rte. 128,1 and 95. You'll love the open concept of the main level which includes a living room with cathedral ceilings and three sided fireplace, two spacious bedrooms, full bath and ample closet space. Need more space? A full lower level includes a large family room with fireplace, a third bedroom, full kitchen, laundry room and 1 car heated garage. This immaculate home will surprise you with it's versatility and recent updates.  Updates include, new furnace, new hot water heater all new carpeting, new carport, shed, new driveway and front entry door.
Unit Size
2,312 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$205
Property Type
House
Property Taxes
$515
HOA Dues
-
Year Built
1971

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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 #72589647)

Price History

Date / Event Date Event Price
Feb 18, 2020 Sold
Premium
Sold
Nov 7, 2019 Listed by Castinetti Realty Group $475,000
Listed by Castinetti Realty Group
Jul 26, 2017 Sold
Premium
Sold
Jun 5, 2017 Listed by Castinetti Realty Group $449,000
Listed by Castinetti Realty Group
Nov 24, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,030
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,638
  • Total Building Area: 1,306
  • Gross Building Area: 3,620
  • Building Area: 1,306
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,306
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:077 B:065 L:055
  • Block: 65
  • Lot: 55
  • Municipality: LYNN
  • Latitude: 42.4989
  • Longitude: -70.9679

    Address

  • Full Address: 57 Oak Ridge Cir
  • Address - House Number: 57
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lynn
  • Carrier Code: C043
  • 4-Digit Zip Code: 1527
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $675,700

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 652,417
  • High Value: 768,952
  • Low Value: 535,882

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $641,700
  • Assessed Land Value: $182,600
  • Assessed Improvements Value: $459,100

    Sales

  • Current Sale Contract Date: Feb 18, 2020
  • Current Sale Recording Date: Feb 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200218004250
  • Previous Sale Recording Date: Jul 26, 2017
  • Previous Sale Amount: $450,000
  • 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

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# 72589647

Frequently Asked Questions

When was property at 57 Oak Ridge Circle built and last sold?
The property at 57 Oak Ridge Circle was built in 1971 and last sold on Feb 18, 2020 for $470,000.
How much is this home worth?
The estimated value of the home located at 57 Oak Ridge Circle is $500,528.
What are some comparable homes to 57 Oak Ridge Circle?
There are currently no comparable homes to 57 Oak Ridge Circle.
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