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Lynn 01905
588 Summer St.
Photo of 588 Summer St.
Sold on Oct 19, 2007

1

Map

$190,000
● House - Off Market

588 Summer St.

Lynn, MA 01905
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$382,510
RealtyHop Estimate
91.26%
Since Nov 1, 2007
MA-Boston
Primary Model

About This Property

Large Single Colonial in West Lynn , good size bedrooms, 2 newer full baths, newer kitchen with tile floors,some newer windows, new gas heat installed less than a year ago and 6 cars parking. Conveniently located near everything, come and take a look there is room for the whole family.
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$137
Property Type
House
Property Taxes
$208
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70592608)

Price History

Date / Event Date Event Price
Dec 31, 2009 Sold
Premium
Sold
Oct 16, 2007 Sold
Premium
Sold
Jun 6, 2007 Listed $199,995
Listed
May 10, 2004 Sold
Premium
Sold
Jan 12, 2004 Listed by Master Key Real Estate $229,900
Listed by Master Key Real Estate
LARGE WEST LYNN COLONIAL FEATURING 4-5 BEDROOMS, NEWER WINDOWS, FORMAL DINING ROOM, PLENTY OF PARKING.
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 916
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,361
  • Total Building Area: 1,456
  • Gross Building Area: 2,820
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000100
  • 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: 205800

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:020 B:297 L:002
  • Block: 297
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.458
  • Longitude: -70.9716

    Address

  • Full Address: 588 Summer St
  • Address - House Number: 588
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C012
  • 4-Digit Zip Code: 2012
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2533
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 64
  • Final Value: 527,895
  • High Value: 661,655
  • Low Value: 394,135

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $487,600
  • Assessed Land Value: $175,500
  • Assessed Improvements Value: $312,100

    Sales

  • Current Sale Recording Date: Dec 31, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 16, 2007
  • Previous Sale Amount: $190,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 years

Currently For Sale

162 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# 70592608

Frequently Asked Questions

When was property at 588 Summer Street built and last sold?
The property at 588 Summer Street was built in 1880 and last sold on Jan 1, 1970 for $178,000.
How much is this home worth?
The estimated value of the home located at 588 Summer Street is $201,615.
What are some comparable homes to 588 Summer Street?
There are currently no comparable homes to 588 Summer Street.
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