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Lynn 01904
59 Rand Street
$333,000
● House - Off Market

59 Rand Street

Lynn, MA 01904
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,436 Ft²
$473,376
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Owners say "Sell"! Great opportunity to buy this hard  to find spacious 4 bedroom bungalow on side street near Manning Field with Seven Rooms, 1.50 baths, large yard  And in-law apartment! With a little elbow grease and some imagination this is a great find! All offers considered. The first showing will be at the OPEN HOUSE  Sunday May 27, 2018 between 1PM- 2 PM. Bring your check book to the Open House  and this hidden gem could be yours!
Unit Size
1,436 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$223
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #72327482)

Price History

Date / Event Date Event Price
Oct 16, 2018 Sold
Premium
Sold
May 15, 2018 Listed by Nissenbaum, REALTORS® $320,000
Listed by Nissenbaum, REALTORS®

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • 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: 3
  • Exterior Walls Type: 18
  • 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: 1,016
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,507
  • Total Building Area: 1,436
  • Gross Building Area: 4,460
  • Building Area: 1,436
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,436
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:071 B:248 L:035
  • Block: 248
  • Lot: 35
  • Municipality: LYNN
  • Latitude: 42.4766
  • Longitude: -70.9539

    Address

  • Full Address: 59 Rand St
  • Address - House Number: 59
  • Address - Street Name: Rand
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C045
  • 4-Digit Zip Code: 2913
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $623,200

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 617,895
  • High Value: 731,863
  • Low Value: 503,928

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $591,800
  • Assessed Land Value: $203,000
  • Assessed Improvements Value: $388,800

    Sales

  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 181031005260
  • Previous Sale Recording Date: Oct 16, 2018
  • 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:

$596,450

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2433 ft²

Average Home Age

95.3 years

Currently For Sale

164 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72327482

Frequently Asked Questions

When was property at 59 Rand Street built and last sold?
The property at 59 Rand Street was built in 1920 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 59 Rand Street is $332,539.
What are some comparable homes to 59 Rand Street?
There are currently no comparable homes to 59 Rand Street.
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