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Lynn 01902
6 Ridgeway Ct
$231,000
● House - Off Market

6 Ridgeway Ct

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
876 Ft²
$326,245
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Hidden retreat !.Quiet location at the end of a dead end court....3 bedroom colonial in  need of a little TLC...enclosed back porch....open front porch.... nice back yard....close to schools,shopping and public transportation....... updated electric board.... newer hot water heater... walk-out basement..
Unit Size
876 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$251
Property Type
House
Property Taxes
$221
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: 5 months ago (MLSPIN #72217331)

Price History

Date / Event Date Event Price
Apr 30, 2021 Sold
Premium
Sold
Mar 11, 2021 Listed by A. James Lynch, Inc. $365,000
Listed by A. James Lynch, Inc.
Oct 23, 2020 Sold
Premium
Sold
Sep 3, 2020 Listed by A. James Lynch, Inc. $270,000
Listed by A. James Lynch, Inc.
May 31, 2018 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 442
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,771
  • Total Building Area: 876
  • Gross Building Area: 1,530
  • Building Area: 876
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 876
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000087
  • 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: 206300

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:083 B:709 L:051
  • Block: 709
  • Lot: 51
  • Municipality: LYNN
  • Latitude: 42.4712
  • Longitude: -70.9427

    Address

  • Full Address: 6 Ridgeway Ct
  • Address - House Number: 6
  • Address - Street Name: Ridgeway
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Lynn
  • Carrier Code: C048
  • 4-Digit Zip Code: 2825
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $413,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 436,516
  • High Value: 519,196
  • Low Value: 353,837

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $393,100
  • Assessed Land Value: $150,500
  • Assessed Improvements Value: $242,600

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210430009960
  • Previous Sale Recording Date: Oct 23, 2020
  • Previous Sale Contract Date: Sep 30, 2020
  • Previous Sale Amount: $273,000
  • 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:

$592,493

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72217331

Frequently Asked Questions

When was property at 6 Ridgeway Court built and last sold?
The property at 6 Ridgeway Court was built in 1900 and last sold on Apr 30, 2021 for $385,000.
How much is this home worth?
The estimated value of the home located at 6 Ridgeway Court is $371,243.
What are some comparable homes to 6 Ridgeway Court?
There are currently no comparable homes to 6 Ridgeway Court.
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