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Lynn 01905
67 Menlo Ave
$550,000
● House - Off Market

67 Menlo Ave

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,077 Ft²
$514,280
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

This perfect single family starter home is situated on a massive fenced in double lot! Enjoy the outdoors in the large private backyard space, fire pit, and beautiful garden area. The property is closely located to Lynn Woods Reservation, Breeds Pond, and Gannon Golf Course which offers many wonderful outdoor activities. As you enter the main doorway, you are greeted by the open kitchen and bright sunroom that features new flooring, stainless steel appliances and a brick accent wall. This 3 bedroom 1 bath offers major potential for instant equity with a room on the second floor framed and ready to add a full bath along with high ceilings in the basement for the opportunity to fully finish. Lovely neighborhood with easy access to Rt 1.
Unit Size
2,077 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$241
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1940

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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 #72988727)

Price History

Date / Event Date Event Price
Jul 7, 2022 Sold
Premium
Sold
May 30, 2022 Listed by Berkshire Hathaway HomeServices Warren Residential $499,999
Listed by Berkshire Hathaway HomeServices Warren Residential
Jul 13, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 935
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 1,511
  • Gross Building Area: 2,662
  • Building Area: 1,511
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,511
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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:384 L:047
  • Block: 384
  • Lot: 47
  • Municipality: LYNN
  • Latitude: 42.4751
  • Longitude: -70.985

    Address

  • Full Address: 67 Menlo Ave
  • Address - House Number: 67
  • Address - Street Name: Menlo
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1006
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $549,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1708
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 594,793
  • High Value: 696,386
  • Low Value: 493,199

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $521,800
  • Assessed Land Value: $227,500
  • Assessed Improvements Value: $294,300

    Sales

  • Current Sale Contract Date: Jul 07, 2022
  • Current Sale Recording Date: Jul 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220707003520
  • Previous Sale Recording Date: Jul 13, 1992
  • Previous Sale Amount: $118,000
  • 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:

$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# 72988727

Frequently Asked Questions

When was property at 67 Menlo Avenue built and last sold?
The property at 67 Menlo Avenue was built in 1940 and last sold on Jul 7, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 67 Menlo Avenue is $525,035.
What are some comparable homes to 67 Menlo Avenue?
There are currently no comparable homes to 67 Menlo Avenue.
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