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Lynn 01904
60 Anchor Rd
$272,000
● House - Off Market

60 Anchor Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,348 Ft²
$488,937
RealtyHop Estimate
76.00%
Since Feb 1, 2016
MA-Boston
Primary Model

About This Property

Find your new home just minutes away from major highways and Lynn Woods Reservation.  This single family home has all of the appeal to many prospective buyers -  Large lot over 7000 sq ft abuts the back lot of Lynn Union Hospital separated by a fence for privacy.  Great neighborhood convenient to schools, Gannon Golf Course, Lynn Woods and more...  The owner has made the following renovations this Summer:  New Roof, New Gutters, New Windows throughout, New electrical, entire interior of house painted, Original Hardwood floors restored and new lawn planted.  There is a vacant lot next to this property where a new home is being built.  Seller is Motivated to Sell which is why I have been authorized to drop the price after only 1 month on the market.  Bring all offers as all offers will be considered.
Unit Size
1,348 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$206
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1910

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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 #71935442)

Price History

Date / Event Date Event Price
Jul 24, 2019 Sold
Premium
Sold
Jan 22, 2016 Sold
Premium
Sold
Nov 22, 2015 Listed by Best Deal Realty, LLC $277,800
Listed by Best Deal Realty, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,480
  • Total Building Area: 1,348
  • Gross Building Area: 2,496
  • Building Area: 1,348
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,348
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:062 B:018 L:033
  • Block: 18
  • Lot: 33
  • Municipality: LYNN
  • Latitude: 42.5
  • Longitude: -70.9797

    Address

  • Full Address: 60 Anchor Rd
  • Address - House Number: 60
  • Address - Street Name: Anchor
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C047
  • 4-Digit Zip Code: 1420
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,800

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 578,417
  • High Value: 685,103
  • Low Value: 471,731

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $487,900
  • Assessed Land Value: $217,100
  • Assessed Improvements Value: $270,800

    Sales

  • Current Sale Contract Date: Jul 23, 2019
  • Current Sale Recording Date: Jul 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 51
  • Current Sale Input Document Number: 20190724000770
  • Previous Sale Recording Date: Jan 22, 2016
  • Previous Sale Amount: $272,000
  • 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

2697 ft²

Average Home Age

97 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71935442

Frequently Asked Questions

When was property at 60 Anchor Road built and last sold?
The property at 60 Anchor Road was built in 1910 and last sold on Jul 23, 2019 for $4,400.
How much is this home worth?
The estimated value of the home located at 60 Anchor Road is $293,083.
What are some comparable homes to 60 Anchor Road?
There are currently no comparable homes to 60 Anchor Road.
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