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Lynn 01905
60 Pennybrook Rd
$550,000
● House - Off Market

60 Pennybrook Rd

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,488 Ft²
$569,765
RealtyHop Estimate
7.52%
Since Jan 1, 2023
MA-Boston
Primary Model

About This Property

Classic Colonial located near the entrance of Lynn Woods, Oversized 16,000 + square foot lot with plenty of room for all your outdoor needs , large Garden area, plenty of off street parking and nicely wooded for privacy. First Level has  Eat-in Kitchen , formal dining room and open living room , Second level is 3 large bedrooms plus full bath, hardwood floors through out . The high ceilings and large rooms gives this home that special feel. Great area with easy access to schools, shopping , and all major highways. Easy access to and from Boston.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$356
Property Type
House
Property Taxes
$421
HOA Dues
-
Year Built
1898

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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 #73046617)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Oct 18, 2022 In contract -
In contract
Oct 11, 2022 Listed by Toner Real Estate, LLC $529,900
Listed by Toner Real Estate, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1898
  • 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: 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,344
  • Total Building Area: 1,488
  • Gross Building Area: 2,588
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000375
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:391 L:003
  • Block: 391
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4752
  • Longitude: -70.9863

    Address

  • Full Address: 60 Pennybrook Rd
  • Address - House Number: 60
  • Address - Street Name: Pennybrook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1067
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $530,500

    Appraisal Valuation

  • Standard Deviation: 0.234
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 597,866
  • High Value: 737,272
  • Low Value: 458,461

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $503,800
  • Assessed Land Value: $227,800
  • Assessed Improvements Value: $276,000

    Sales

  • Current Sale Contract Date: Dec 01, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20221201003570
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73046617

Frequently Asked Questions

When was property at 60 Pennybrook Road built and last sold?
The property at 60 Pennybrook Road was built in 1898 and last sold on Dec 1, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 60 Pennybrook Road is $540,390.
What are some comparable homes to 60 Pennybrook Road?
There are currently no comparable homes to 60 Pennybrook Road.
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