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Lynn 01902
7 Burrill Ave
$255,000
● House - Off Market

7 Burrill Ave

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,508 Ft²
$475,550
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

Charming home on a quiet street near Swampscott line. Features front farmers porch, four bedrooms, one and a half bathrooms, plenty of closet space, lots of natural light, high ceilings, open concept layout on main level with great hallway entrance, living room with gas insert fireplace and recessed lighting; kitchen with plenty of cabinets and island extension-breakfast bar, dining room and half bath. Second floor includes four bedrooms and a full bath with Jacuzzi tub. Walk up stairs from 2nd floor hallway to a very spacious attic, great for storage. Newer roof, two zone heating system with programmable thermostats and 200amp electric service. It's located within walking distance to the beach, Goldfish Pond, playground, shops, restaurants and transportation.
Unit Size
1,508 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$172
Property Type
House
Property Taxes
$271
HOA Dues
-
Year Built
1911

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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 #71747375)

Price History

Date / Event Date Event Price
Jun 3, 2021 Sold
Premium
Sold
Apr 6, 2021 Listed by RE/MAX Trinity $449,000
Listed by RE/MAX Trinity
Nov 25, 2014 Sold
Premium
Sold
Sep 23, 2014 Listed by RE/MAX Trinity $259,900
Listed by RE/MAX Trinity
Aug 9, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1911
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 772
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,443
  • Total Building Area: 1,479
  • Gross Building Area: 3,246
  • Building Area: 1,479
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,479
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000056
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:094 B:544 L:020
  • Block: 544
  • Lot: 20
  • Municipality: LYNN
  • Latitude: 42.4669
  • Longitude: -70.9272

    Address

  • Full Address: 7 Burrill Ave
  • Address - House Number: 7
  • Address - Street Name: Burrill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1911
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $520,800

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 571,664
  • High Value: 676,631
  • Low Value: 466,696

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,600
  • Assessed Land Value: $169,500
  • Assessed Improvements Value: $325,100

    Sales

  • Current Sale Contract Date: Jun 03, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210603004730
  • Previous Sale Recording Date: Nov 25, 2014
  • Previous Sale Amount: $255,000
  • 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

59

Average Home Size

2584 ft²

Average Home Age

96.9 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# 71747375

Frequently Asked Questions

When was property at 7 Burrill Avenue built and last sold?
The property at 7 Burrill Avenue was built in 1911 and last sold on Jun 3, 2021 for $481,647.
How much is this home worth?
The estimated value of the home located at 7 Burrill Avenue is $446,126.
What are some comparable homes to 7 Burrill Avenue?
There are currently no comparable homes to 7 Burrill Avenue.
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