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Lynn 01904
7 Cross Street
$360,000
● House - Off Market

7 Cross Street

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,077 Ft²
$498,378
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Great location Lakeside area! Completely updated in 2018!! This 3 bedroom, 1 bath home features a spacious open floor plan with hardwood floors throughout. The first level features living room, dining room, kitchen with quartz countertops with center island and stainless steel appliances. On the second level you will find 3 bedrooms and a magnificent tiled full bath.Back porch with fenced in yard. New high efficiency gas fired combination boiler unit. Showings will be at Open House Saturday 10/12/19 from 10:30-12:30 & Sunday 10/13/19 from 11:30-1:30.
Unit Size
1,077 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$325
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1900

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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 #72576761)

Price History

Date / Event Date Event Price
Nov 25, 2019 Sold
Premium
Sold
Oct 8, 2019 Listed by Keller Williams Realty Evolution $349,900
Listed by Keller Williams Realty Evolution
Apr 17, 2018 Sold
Premium
Sold
Feb 8, 2018 Listed by Keller Williams Realty Evolution $269,900
Listed by Keller Williams Realty Evolution
Nov 23, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 618
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,740
  • Total Building Area: 1,077
  • Gross Building Area: 1,888
  • Building Area: 1,077
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,077
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000040
  • 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: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:085 B:164 L:036
  • Block: 164
  • Lot: 36
  • Municipality: LYNN
  • Latitude: 42.4793
  • Longitude: -70.9475

    Address

  • Full Address: 7 Cross St
  • Address - House Number: 7
  • Address - Street Name: Cross
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C025
  • 4-Digit Zip Code: 2703
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $490,200

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 511,596
  • High Value: 605,957
  • Low Value: 417,235

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $465,500
  • Assessed Land Value: $171,800
  • Assessed Improvements Value: $293,700

    Sales

  • Current Sale Contract Date: Nov 21, 2019
  • Current Sale Recording Date: Nov 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191125004300
  • Previous Sale Recording Date: Apr 17, 2018
  • Previous Sale Amount: $260,000
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2698 ft²

Average Home Age

97.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72576761

Frequently Asked Questions

When was property at 7 Cross Street built and last sold?
The property at 7 Cross Street was built in 1900 and last sold on Nov 21, 2019 for $360,000.
How much is this home worth?
The estimated value of the home located at 7 Cross Street is $354,241.
What are some comparable homes to 7 Cross Street?
There are currently no comparable homes to 7 Cross Street.
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