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Lynn 01902
59 Highland Ave
$275,000
● House - Off Market

59 Highland Ave

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,612 Ft²
$376,574
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Spacious Colonial in need of repair. Large family room addition off the back of the house extends to the basement, making for significant potential to add living space.  Off street parking, spacious yard and newer furnace.  Home will not qualify for conventional financing.  Cash buyer preferred.
Unit Size
1,612 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$169
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1890

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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: 5 months ago (MLSPIN #72595409)

Price History

Date / Event Date Event Price
Jul 2, 2021 Sold
Premium
Sold
May 12, 2021 Listed by Vylla Home $599,777
Listed by Vylla Home
May 18, 2020 Sold
Premium
Sold
Nov 22, 2019 Listed by Vylla Home $272,700
Listed by Vylla Home
Nov 22, 2013 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 1,176
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,053
  • Total Building Area: 1,612
  • Gross Building Area: 3,243
  • Building Area: 1,612
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 7
  • Heated Square Feet: 1,612
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000116
  • 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: 206800

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:083 B:708 L:026
  • Block: 708
  • Lot: 26
  • Municipality: LYNN
  • Latitude: 42.4705
  • Longitude: -70.9436

    Address

  • Full Address: 59 Highland Ave
  • Address - House Number: 59
  • Address - Street Name: Highland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C048
  • 4-Digit Zip Code: 3513
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $646,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 654,239
  • High Value: 792,717
  • Low Value: 515,760

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $614,200
  • Assessed Land Value: $182,700
  • Assessed Improvements Value: $431,500

    Sales

  • Current Sale Contract Date: Jul 02, 2021
  • Current Sale Recording Date: Jul 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210702005960
  • Previous Sale Recording Date: May 18, 2020
  • Previous Sale Contract Date: Apr 23, 2020
  • Previous Sale Amount: $275,000
  • 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:

$594,943

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2503 ft²

Average Home Age

97.5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72595409

Frequently Asked Questions

When was property at 59 Highland Avenue built and last sold?
The property at 59 Highland Avenue was built in 1890 and last sold on Jul 2, 2021 for $635,000.
How much is this home worth?
The estimated value of the home located at 59 Highland Avenue is $606,548.
What are some comparable homes to 59 Highland Avenue?
There are currently no comparable homes to 59 Highland Avenue.
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