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Lynn 01904
57 Richardson Rd
$380,000
● House - Off Market

57 Richardson Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,969 Ft²
$591,572
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Welcome to a great Wyoma SQ. Home with room for all in the family. Moving-in Condition and ready to Occupy before School Year starts. Enclosed Front Porch leads into a ample Foyer, and open style Living/ Dinning room combination. Brick Surrounded Fireplace in the Living Room.  Immediately open and updated Kitchen, half bath on the first floor and complete with a big deck that leads to a professionally landscaped yard with beautiful flowers and small fish pond. Three Generous size bedrooms and Full bath on the second floor.  Brand new Fence too. New Water Pipe from the Sreet- into the house. Two years old Boiler, Double pane Windows. Parking for about 6 cars, Plus one car Garage. Close to all major highways and schools.
Unit Size
1,969 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$203
Property Type
House
Property Taxes
$421
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: 4 months ago (MLSPIN #72352001)

Price History

Date / Event Date Event Price
Oct 12, 2018 Sold
Premium
Sold
Jun 21, 2018 Listed by Valera Realty Services $399,900
Listed by Valera Realty Services
Mar 25, 1996 Sold
Premium
Sold
Jan 18, 1996 Listed by Valera Realty Services $114,500
Listed by Valera Realty Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

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: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 772
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,693
  • Total Building Area: 1,969
  • Gross Building Area: 3,376
  • Building Area: 1,969
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,969
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000131
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:073 B:189 L:028
  • Block: 189
  • Lot: 28
  • Municipality: LYNN
  • Latitude: 42.4835
  • Longitude: -70.9619

    Address

  • Full Address: 57 Richardson Rd
  • Address - House Number: 57
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 2501
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $581,000

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 650,034
  • High Value: 752,710
  • Low Value: 547,358

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,800
  • Assessed Land Value: $197,600
  • Assessed Improvements Value: $354,200

    Sales

  • Current Sale Recording Date: Oct 12, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181012004090
  • Previous Sale Recording Date: Mar 25, 1996
  • Previous Sale Amount: $116,000
  • 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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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# 72352001

Frequently Asked Questions

When was property at 57 Richardson Road built and last sold?
The property at 57 Richardson Road was built in 1910 and last sold on Jan 1, 1970 for $380,000.
How much is this home worth?
The estimated value of the home located at 57 Richardson Road is $413,752.
What are some comparable homes to 57 Richardson Road?
There are currently no comparable homes to 57 Richardson Road.
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