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Lynn 01902
586 Eastern Ave
$315,000
● House - Off Market

586 Eastern Ave

Lynn, MA 01902
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,728 Ft²
$563,685
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Find your dream kitchen here .... with 5 bedrooms and 2.5 baths there's plenty of room for everyone.  Recently renovated with upgraded cabinets and granite counters... ss appliances and a 5 burner gas stove, ceramic tile floor, nice hardwood floors throughout, plenty of parking and a fenced yard.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$188
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1900

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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 #71842030)

Price History

Date / Event Date Event Price
Jul 29, 2015 Sold
Premium
Sold
May 22, 2015 Listed by Martel Real Estate $324,900
Listed by Martel Real Estate
Nov 6, 2014 Sold
Premium
Sold
May 3, 2004 Sold
Premium
Sold
Jan 9, 2004 Listed by Century 21 Hughes $289,900
Listed by Century 21 Hughes
BEAUTIFUL HOME IN MOVE IN CONDITION SUBJECT TO SELLERS FINDING SUITEABLE HOUSEING HARDWOOD FLOORS ,MOD.KIT.AND BATHS,GREAT YARD,CONVENIENT LOCATION
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,572
  • Total Building Area: 1,728
  • Gross Building Area: 3,263
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST MEADOW MILL
  • Land Acres: 0000000105
  • 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:444 L:003
  • Block: 444
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4831
  • Longitude: -70.9393

    Address

  • Full Address: 586 Eastern Ave
  • Address - House Number: 586
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C034
  • 4-Digit Zip Code: 1413
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $615,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 624,808
  • High Value: 739,534
  • Low Value: 510,082

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $584,200
  • Assessed Land Value: $180,200
  • Assessed Improvements Value: $404,000

    Sales

  • Current Sale Recording Date: Jul 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 373
  • Previous Sale Recording Date: Nov 06, 2014
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 34
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: 4 months ago
Data Source: MLS PIN, MLS# 71842030

Frequently Asked Questions

When was property at 586 Eastern Avenue built and last sold?
The property at 586 Eastern Avenue was built in 1900 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 586 Eastern Avenue is $327,477.
What are some comparable homes to 586 Eastern Avenue?
There are currently no comparable homes to 586 Eastern Avenue.
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