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Lynn 01902
6 Stephen Ter
$427,000
● House - Off Market

6 Stephen Ter

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,170 Ft²
$443,096
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Well-Maintained 6 Room, 4 Bedroom, 1 Bathroom Colonial on Quiet Side Street Near Goldfish Pond. First Floor Boasts Large Eat-In Kitchen with Stainless Steel Appliances, Granite Countertops and Large Pantry. Sun-Filled Living Room with Original Pine Flooring and High Ceilings and a Spacious Bedroom. Second Floor Includes 3 Good Size Bedrooms and Updated Full Bathroom. Recent Updates Include Renovated Bathroom, Replacement Windows and Updated Kitchen. Laundry in Basement. Quaint Back Yard with Deck. 2 Car Parking on Paved Driveway. Minutes to Beach, Shopping, Restaurants and Public Transportation.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$359
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1897

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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 #73013759)

Price History

Date / Event Date Event Price
Sep 2, 2022 Sold
Premium
Sold
Jul 18, 2022 Listed by Toner Real Estate, LLC $419,900
Listed by Toner Real Estate, LLC
Sep 30, 2008 Sold
Premium
Sold
Jun 16, 2008 Listed by Toner Real Estate, LLC $174,900
Listed by Toner Real Estate, LLC
Jul 23, 2002 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1897
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 642
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,185
  • Total Building Area: 1,170
  • Gross Building Area: 2,048
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000050
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:521 L:042
  • Block: 521
  • Lot: 42
  • Municipality: LYNN
  • Latitude: 42.4665
  • Longitude: -70.9324

    Address

  • Full Address: 6 Stephen Ter
  • Address - House Number: 6
  • Address - Street Name: Stephen
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C031
  • 4-Digit Zip Code: 2419
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $433,300

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 478,755
  • High Value: 593,214
  • Low Value: 364,296

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $411,500
  • Assessed Land Value: $159,800
  • Assessed Improvements Value: $251,700

    Sales

  • Current Sale Contract Date: Sep 02, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 427
  • Previous Sale Recording Date: Sep 30, 2008
  • Previous Sale Amount: $173,000
  • 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

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 73013759

Frequently Asked Questions

When was property at 6 Stephen Terrace built and last sold?
The property at 6 Stephen Terrace was built in 1897 and last sold on Sep 2, 2022 for $427,000.
How much is this home worth?
The estimated value of the home located at 6 Stephen Terrace is $419,658.
What are some comparable homes to 6 Stephen Terrace?
There are currently no comparable homes to 6 Stephen Terrace.
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