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Lynn 01905
58 Cliff Street
$405,000
● House - Off Market

58 Cliff Street

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$415,554
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

This clean updated Cozy Ranch style home has 2 spacious bedrooms,  1 bedroom (10x14) and 2nd bedroom (13x8) , updated kitchen & bath, front living w decorative mantle fireplace. Lower Level has older dated family room that can be spruced up for some added space.  Laundry area in basement.  Step out to the composite good size deck off kitchen area and you might catch a glimpse of a deer running by as you sip your morning coffee or beverage at dusk.  The backyard and rear of home gives you that retreat type of feeling with stone views and privacy like in the mountains and not the city.  All electric also new roof which makes this a good home for the buyer that later on wants solar installed and incentives.  Easy to Show!
Unit Size
720 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$555
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1950

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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 #72942335)

Price History

Date / Event Date Event Price
Mar 25, 2022 Sold
Premium
Sold
Feb 13, 2022 Listed by Century 21 North East $399,900
Listed by Century 21 North East
Aug 13, 2020 Sold
Premium
Sold
Jun 12, 2020 Listed by Century 21 North East $349,900
Listed by Century 21 North East
Jun 17, 2016 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,648
  • Total Building Area: 720
  • Gross Building Area: 1,790
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 720
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000199
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:039 B:235 L:007
  • Block: 235
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.4721
  • Longitude: -70.9708

    Address

  • Full Address: 58 Cliff St
  • Address - House Number: 58
  • Address - Street Name: Cliff
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C005
  • 4-Digit Zip Code: 1126
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $422,700
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 459,734
  • High Value: 542,043
  • Low Value: 377,426

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $401,400
  • Assessed Land Value: $188,300
  • Assessed Improvements Value: $213,100

    Sales

  • Current Sale Contract Date: Mar 25, 2022
  • Current Sale Recording Date: Mar 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220325003170
  • Previous Sale Recording Date: Aug 13, 2020
  • Previous Sale Contract Date: Aug 05, 2020
  • Previous Sale Amount: $333,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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: 4 months ago
Data Source: MLS PIN, MLS# 72942335

Frequently Asked Questions

When was property at 58 Cliff Street built and last sold?
The property at 58 Cliff Street was built in 1950 and last sold on Mar 25, 2022 for $405,000.
How much is this home worth?
The estimated value of the home located at 58 Cliff Street is $391,995.
What are some comparable homes to 58 Cliff Street?
There are currently no comparable homes to 58 Cliff Street.
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