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Lynn 01904
61 Lockwood Rd
$252,500
● House - Off Market

61 Lockwood Rd

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,204 Ft²
$448,731
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

An Absolute Gem best describes this tastefully decorated and meticulously maintained ranch located in desirable Maplewoods/Lakeside area.  It's many outstanding features include a large eat-in kitchen, formal dining room, inviting living room with fireplace, updated bath and mostly hardwood flooring. New Heating-Central Air Conditioning system approximately three years.  All Harvey replacement windows. Large open basement for potential added living space. New covered deck from kitchen. Patio area. Maintenance free exterior. Whether you are a first time home buyer or looking to downsize with one level living, this is the home for you.
Unit Size
1,204 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$212
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1965

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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 #71823423)

Price History

Date / Event Date Event Price
May 27, 2015 Sold
Premium
Sold
Apr 24, 2015 Listed by Jonah REALTORS® $254,900
Listed by Jonah REALTORS®
Oct 13, 2005 Sold
Premium
Sold
Aug 17, 2005 Listed by Judy Kelley Real Estate $289,900
Listed by Judy Kelley Real Estate
Young ranch in need of tlc, all systems in good condition,excellent area, ward 1. outstanding value for your dollar.
Aug 29, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,204
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,778
  • Total Building Area: 1,204
  • Gross Building Area: 2,532
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000224
  • 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:100 B:139 L:037
  • Block: 139
  • Lot: 37
  • Municipality: LYNN
  • Latitude: 42.4902
  • Longitude: -70.9495

    Address

  • Full Address: 61 Lockwood Rd
  • Address - House Number: 61
  • Address - Street Name: Lockwood
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C055
  • 4-Digit Zip Code: 2001
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $487,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1703
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 505,877
  • High Value: 592,044
  • Low Value: 419,710

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $462,800
  • Assessed Land Value: $186,800
  • Assessed Improvements Value: $276,000

    Sales

  • Current Sale Contract Date: Apr 20, 2018
  • Current Sale Recording Date: Apr 30, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 592188
  • Previous Sale Recording Date: May 27, 2015
  • Previous Sale Amount: $252,500
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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: 5 months ago
Data Source: MLS PIN, MLS# 71823423

Frequently Asked Questions

When was property at 61 Lockwood Road built and last sold?
The property at 61 Lockwood Road was built in 1965 and last sold on Apr 20, 2018 for $0.
How much is this home worth?
The estimated value of the home located at 61 Lockwood Road is $267,711.
What are some comparable homes to 61 Lockwood Road?
There are currently no comparable homes to 61 Lockwood Road.
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