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Lynn 01902
65 Broad Street
$340,000
● House - Off Market

65 Broad Street

Lynn, MA 01902
bedrooms
8 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,858 Ft²
$784,121
RealtyHop Estimate
106.40%
Since Oct 1, 2012
MA-Boston
Primary Model

About This Property

Rare opportunity to own TWO Single family homes on one lot that have been in the family for over 70 years. 65 Broad is a spacious 14 room, 8 bedroom Victorian with architectural detail with a separate 3 room professional office. 67 Broad is a Center Entrance Colonial which consists of 6 rooms, 1.5 baths containing 1724 sq. ft. Great for an extended family or rental income. Near schools, beach, shopping and public transportation. 5 car parking is shared for both homes.
Unit Size
3,858 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$98
Property Type
House
Property Taxes
$582
HOA Dues
-
Year Built
-

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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 #71381747)

Price History

Date / Event Date Event Price
Sep 11, 2012 Sold
Premium
Sold
May 12, 2012 Listed by Keller Williams Realty Evolution $379,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 3
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,348
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000283
  • Standard Land Use Code: 1100
  • County Land Use Code: 109

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 206700

Zoning

  • Zoning: R5

Geography

  • Parcel: LYNN M:082 B:598 L:007
  • Block: 598
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.464
  • Longitude: -70.9378

    Address

  • Full Address: 65 Broad St
  • Address - House Number: 65
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C021
  • 4-Digit Zip Code: 5003
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,250,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1621
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 67
  • Final Value: 1,170,338
  • High Value: 1,360,103
  • Low Value: 980,572

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,187,200
  • Assessed Land Value: $209,100
  • Assessed Improvements Value: $978,100

    Sales

  • Current Sale Recording Date: Sep 11, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 534285
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

2704 ft²

Average Home Age

97.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71381747

Frequently Asked Questions

When was property at 65 Broad Street built and last sold?
The property at 65 Broad Street was built in and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 65 Broad Street is $380,475.
What are some comparable homes to 65 Broad Street?
There are currently no comparable homes to 65 Broad Street.
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