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Lynn 01902
61 Victory Rd
$270,000
● House - Off Market

61 Victory Rd

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,652 Ft²
$512,354
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

Classic Dutch Colonial , with Updated Fully appliance Kitchen,  Formal Dining Room with Built in Hutch, Large Living With French doors to Sun room over Looking Floating Bridge pond, Sparkling Hardwood Floors, 3 Bedrooms plus Walk up attic for Storage . Large Fenced Lot with Patio and 1 car garage. Freshly painted exterior and interior nothing to do but move in
Unit Size
1,652 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$163
Property Type
House
Property Taxes
$347
HOA Dues
-
Year Built
1935

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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 #71598907)

Price History

Date / Event Date Event Price
Nov 26, 2013 Sold
Premium
Sold
Oct 19, 2013 Listed by Century 21 Hughes $269,900
Listed by Century 21 Hughes
May 14, 1999 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 874
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,880
  • Total Building Area: 1,654
  • Gross Building Area: 3,568
  • Building Area: 1,654
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,654
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000112
  • 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:098 B:402 L:008
  • Block: 402
  • Lot: 8
  • Municipality: LYNN
  • Latitude: 42.4845
  • Longitude: -70.9376

    Address

  • Full Address: 61 Victory Rd
  • Address - House Number: 61
  • Address - Street Name: Victory
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C037
  • 4-Digit Zip Code: 1058
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $578,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 609,946
  • High Value: 721,943
  • Low Value: 497,949

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $548,900
  • Assessed Land Value: $203,800
  • Assessed Improvements Value: $345,100

    Sales

  • Current Sale Recording Date: Nov 26, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 548382
  • Previous Sale Recording Date: May 14, 1999
  • Previous Sale Amount: $165,500
  • Previous Sale Document Type: 48
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

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2536 ft²

Average Home Age

96.5 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71598907

Frequently Asked Questions

When was property at 61 Victory Road built and last sold?
The property at 61 Victory Road was built in 1935 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 61 Victory Road is $291,978.
What are some comparable homes to 61 Victory Road?
There are currently no comparable homes to 61 Victory Road.
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