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Lynn 01905
62 Cottage St
$450,000
● House - Off Market

62 Cottage St

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,700 Ft²
$714,743
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

WEST LYNN! Large Cape!! Opportunity knocks!!! Built in 2006 and freshly painted. Spacious 4 large bedrooms with 3.5 baths with Center Air, hardwood floors, wall to wall carpet and excellent closet space. First Floor offers: Large master bedroom with master bath (Jacuzzi), open floor plan features hardwood, living room and kitchen; half bath/First floor Laundry for your convenience and sliders to a deck leading to your private back yard . The second floor offers: Huge master bedroom with cathedral ceilings, walk-in closet, Large 2 bedrooms and full bath. Lower level offers:  finished basement with full bath and great living space. Close to highways - route 107, several nearby bus stops.  NEWLY Build Market Basket, West Lynn Post Office, Walgreens, Bank and 5 minutes drive to Revere BJ's. Plenty off street parking.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$170
Property Type
House
Property Taxes
$514
HOA Dues
-
Year Built
2006

Payment Calculator

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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 #72191255)

Price History

Date / Event Date Event Price
Sep 5, 2017 Sold
Premium
Sold
Jun 30, 2017 Listed by Citipoint Realty Services, LLC $459,900
Listed by Citipoint Realty Services, LLC
Oct 1, 2007 Sold
Premium
Sold
Aug 7, 2007 Listed by Citipoint Realty Services, LLC $339,000
Listed by Citipoint Realty Services, LLC
Aug 22, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,148
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,586
  • Total Building Area: 2,211
  • Gross Building Area: 4,731
  • Building Area: 2,211
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,211
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000197
  • 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: 205800

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:037 B:285 L:033
  • Block: 285
  • Lot: 33
  • Municipality: LYNN
  • Latitude: 42.4607
  • Longitude: -70.9721

    Address

  • Full Address: 62 Cottage St
  • Address - House Number: 62
  • Address - Street Name: Cottage
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C012
  • 4-Digit Zip Code: 2335
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $804,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2134
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 71
  • Final Value: 722,637
  • High Value: 876,382
  • Low Value: 568,893

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $764,400
  • Assessed Land Value: $207,400
  • Assessed Improvements Value: $557,000

    Sales

  • Current Sale Recording Date: Sep 05, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 221
  • Previous Sale Recording Date: Oct 01, 2007
  • Previous Sale Amount: $339,000
  • 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:

$594,943

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2503 ft²

Average Home Age

97.5 years

Currently For Sale

162 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72191255

Frequently Asked Questions

When was property at 62 Cottage Street built and last sold?
The property at 62 Cottage Street was built in 2006 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 62 Cottage Street is $484,483.
What are some comparable homes to 62 Cottage Street?
There are currently no comparable homes to 62 Cottage Street.
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