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Lynn 01902
7 Bulfinch Terrace
$315,000
● House - Off Market

7 Bulfinch Terrace

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath
square feet
920 Ft²
$466,389
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Single level living at its best!  Located near Buchanan Bridge, this home shines with updates!  Fully applianced, tiled kitchen with Corian counters, stainless steel stove, dishwasher and refrigerator. Renovated tiled bath which includes a newer stackable washer/dryer!  Enjoy the large bonus room with pellet stove and abundant windows with screens for evening summer breezes.  Entertain in the fenced back yard and on the patio! There is a large wood shed for extra storage. This might make a great condo alternative! Close to shopping and North Shore Medical Center.
Unit Size
920 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$342
Property Type
House
Property Taxes
$292
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 #72313572)

Price History

Date / Event Date Event Price
Jul 20, 2018 Sold
Premium
Sold
Apr 23, 2018 Listed by Coco, Early & Associates The Andovers $315,000
Listed by Coco, Early & Associates The Andovers
Dec 8, 2017 Sold
Premium
Sold
Sep 27, 2017 Listed by Coco, Early & Associates The Andovers $250,000
Listed by Coco, Early & Associates The Andovers
Feb 8, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 200
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,373
  • Total Building Area: 920
  • Gross Building Area: 1,140
  • Building Area: 920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 920
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000123
  • 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:107 B:398 L:028
  • Block: 398
  • Lot: 28
  • Municipality: LYNN
  • Latitude: 42.4858
  • Longitude: -70.9365

    Address

  • Full Address: 7 Bulfinch Ter
  • Address - House Number: 7
  • Address - Street Name: Bulfinch
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C037
  • 4-Digit Zip Code: 1021
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $418,700

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 485,929
  • High Value: 609,478
  • Low Value: 362,379

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $397,600
  • Assessed Land Value: $187,900
  • Assessed Improvements Value: $209,700

    Sales

  • Current Sale Recording Date: Jul 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180720000780
  • Previous Sale Recording Date: Dec 08, 2017
  • Previous Sale Amount: $282,000
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2520 ft²

Average Home Age

95.8 years

Currently For Sale

161 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# 72313572

Frequently Asked Questions

When was property at 7 Bulfinch Terrace built and last sold?
The property at 7 Bulfinch Terrace was built in 1940 and last sold on Jan 1, 1970 for $315,000.
How much is this home worth?
The estimated value of the home located at 7 Bulfinch Terrace is $318,407.
What are some comparable homes to 7 Bulfinch Terrace?
There are currently no comparable homes to 7 Bulfinch Terrace.
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