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Lynn 01905
7 Heffernan
$243,000
● House - Off Market

7 Heffernan

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$454,361
RealtyHop Estimate
83.95%
Since Nov 1, 2004
MA-Boston
Primary Model

About This Property

Just renovated! Brand new roof,windows,vinyl siding;  2+ bdr.,2 full bath,heated 4 season porch. Quiet small street, small fenced yard. Beautiful hardwood floor.  Owner-RE Broker.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$247
Property Type
House
Property Taxes
$165
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: 5 months ago (MLSPIN #70081597)

Price History

Date / Event Date Event Price
Oct 8, 2004 Sold
Premium
Sold
Aug 25, 2004 Listed by Century 21 Hughes $247,000
Listed by Century 21 Hughes
Jun 23, 2004 Sold
Premium
Sold
May 19, 2004 Listed by Century 21 Hughes $149,900
Listed by Century 21 Hughes

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 648
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,800
  • Total Building Area: 987
  • Gross Building Area: 1,835
  • Building Area: 987
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 987
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000041
  • 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: 205900

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:039 B:329 L:002
  • Block: 329
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4682
  • Longitude: -70.973

    Address

  • Full Address: 7 Heffernan Ave
  • Address - House Number: 7
  • Address - Street Name: Heffernan
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C021
  • 4-Digit Zip Code: 1812
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $513,500

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 479,349
  • High Value: 517,835
  • Low Value: 440,863

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $487,700
  • Assessed Land Value: $180,900
  • Assessed Improvements Value: $306,800

    Sales

  • Current Sale Recording Date: Oct 08, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 23, 2004
  • Previous Sale Amount: $156,000
  • 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:

$594,943

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2503 ft²

Average Home Age

97.5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70081597

Frequently Asked Questions

When was property at 7 Heffernan Avenue built and last sold?
The property at 7 Heffernan Avenue was built in 1900 and last sold on Jan 1, 1970 for $243,000.
How much is this home worth?
The estimated value of the home located at 7 Heffernan Avenue is $251,988.
What are some comparable homes to 7 Heffernan Avenue?
There are currently no comparable homes to 7 Heffernan Avenue.
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