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Lynn 01902
579 Eastern Avenue
$253,000
● House - Off Market

579 Eastern Avenue

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,649 Ft²
$445,720
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Charming Colonial has been lovingly maintained over the years!  Spacious entry foyer leads to generous sized living room and formal dining room.  Boasting high ceilings and lot's of natural light, these carpeted rooms offer pristine hardwood floors underneath!  Large country kitchen is the perfect spot for family gatherings.  Second floor features four bedrooms, full bath and third floor attic for additional storage. Outdoor space is perfect for gardening!  This home is loaded with potential and your personal style and updates will go a long way in bringing back the grandeur of this 1900's classic!  Don't miss out on this sparkling gem!
Unit Size
1,649 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$158
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1916

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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 #71936111)

Price History

Date / Event Date Event Price
Mar 3, 2016 Sold
Premium
Sold
Nov 25, 2015 Listed by Century 21 Commonwealth $259,900
Listed by Century 21 Commonwealth

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 914
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,537
  • Total Building Area: 2,056
  • Gross Building Area: 4,139
  • Building Area: 2,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,056
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • 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: 205100

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:098 B:401 L:051
  • Block: 401
  • Lot: 51
  • Municipality: LYNN
  • Latitude: 42.4831
  • Longitude: -70.9387

    Address

  • Full Address: 579 Eastern Ave
  • Address - House Number: 579
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C034
  • 4-Digit Zip Code: 1446
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $636,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 643,003
  • High Value: 744,569
  • Low Value: 541,438

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $604,500
  • Assessed Land Value: $185,300
  • Assessed Improvements Value: $419,200

    Sales

  • Current Sale Recording Date: Mar 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 297
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71936111

Frequently Asked Questions

When was property at 579 Eastern Avenue built and last sold?
The property at 579 Eastern Avenue was built in 1916 and last sold on Jan 1, 1970 for $253,000.
How much is this home worth?
The estimated value of the home located at 579 Eastern Avenue is $277,321.
What are some comparable homes to 579 Eastern Avenue?
There are currently no comparable homes to 579 Eastern Avenue.
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