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Lynn 01904
6 Flax View Ter
$520,000
● House - Off Market

6 Flax View Ter

Lynn, MA 01904
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,356 Ft²
$735,003
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

Welcome home!  Large colonial single family located near Flax Pond.  Features include hardwood floors, 5+ bedrooms, plenty of space, 2 full bathrooms; first floor laundry, master bedroom with vaulted ceiling, and plenty of closet space. Many updates includes a central vacuum, 1st floor laundry, fireplace in living room, newer windows, and gas heating. Convenient location from shops, public transportation, and restaurants.
Unit Size
2,356 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$225
Property Type
House
Property Taxes
$491
HOA Dues
-
Year Built
1940

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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 #72588445)

Price History

Date / Event Date Event Price
Mar 12, 2020 Sold
Premium
Sold
Nov 4, 2019 Listed by Pena Realty Corporation $529,000
Listed by Pena Realty Corporation
Sep 20, 2013 Sold
Premium
Sold
Apr 2, 2013 Listed by Pena Realty Corporation $324,900
Listed by Pena Realty Corporation

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,066
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,920
  • Total Building Area: 2,356
  • Gross Building Area: 5,000
  • Building Area: 2,356
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,356
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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:087 B:135 L:008
  • Block: 135
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.4847
  • Longitude: -70.947

    Address

  • Full Address: 6 Flax View Ter
  • Address - House Number: 6
  • Address - Street Name: Flax View
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C039
  • 4-Digit Zip Code: 2306
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $685,600

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 730,422
  • High Value: 857,240
  • Low Value: 603,605

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $651,100
  • Assessed Land Value: $218,800
  • Assessed Improvements Value: $432,300

    Sales

  • Current Sale Contract Date: Mar 06, 2019
  • Current Sale Recording Date: Mar 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 610665
  • Previous Sale Recording Date: Sep 20, 2013
  • Previous Sale Amount: $310,000
  • 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:

$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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72588445

Frequently Asked Questions

When was property at 6 Flax View Terrace built and last sold?
The property at 6 Flax View Terrace was built in 1940 and last sold on Mar 6, 2019 for $520,000.
How much is this home worth?
The estimated value of the home located at 6 Flax View Terrace is $525,396.
What are some comparable homes to 6 Flax View Terrace?
There are currently no comparable homes to 6 Flax View Terrace.
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