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Lynn 01902
7 Gray Cir
$241,500
● House - Off Market

7 Gray Cir

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,011 Ft²
$459,866
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

This cute bungalow, in a great Lynn location, offers the next owner a wonderful opportunity to finish a great home. Many updates are already done such as a newer heating system, windows, roof, kitchen, insulation and so much more. Wonderful character and detail from the warm and comfortable fireplaced living room to the convenience of the updated kitchen. Some work left and much of the needed materials are included. Located on a quiet dead-end circle just steps to the ocean/beach and wonderful public ways along Lynn Shore Drive.
Unit Size
1,011 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$272
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1930

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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 #71940603)

Price History

Date / Event Date Event Price
Jun 3, 2016 Sold
Premium
Sold
Dec 11, 2015 Listed by Harborside Sotheby's International Realty $274,900
Listed by Harborside Sotheby's International Realty
May 6, 2005 Sold
Premium
Sold
Sep 27, 2004 Listed by Harborside Sotheby's International Realty $319,900
Listed by Harborside Sotheby's International Realty
Dec 18, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 598
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,097
  • Total Building Area: 1,011
  • Gross Building Area: 1,924
  • Building Area: 1,011
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,011
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000048
  • 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: R4

Geography

  • Parcel: LYNN M:102 B:552 L:010
  • Block: 552
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4671
  • Longitude: -70.9237

    Address

  • Full Address: 7 Gray Cir
  • Address - House Number: 7
  • Address - Street Name: Gray
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 2015
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $566,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 519,071
  • High Value: 613,379
  • Low Value: 424,763

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,100
  • Assessed Land Value: $262,000
  • Assessed Improvements Value: $276,100

    Sales

  • Current Sale Recording Date: Jun 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 424
  • Previous Sale Recording Date: May 06, 2005
  • Previous Sale Amount: $323,100
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 years

Currently For Sale

162 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# 71940603

Frequently Asked Questions

When was property at 7 Gray Circle built and last sold?
The property at 7 Gray Circle was built in 1930 and last sold on Jan 1, 1970 for $241,500.
How much is this home worth?
The estimated value of the home located at 7 Gray Circle is $282,179.
What are some comparable homes to 7 Gray Circle?
There are currently no comparable homes to 7 Gray Circle.
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