$146,000
●
Condo -
Off Market
7B Lynn Shore Drive #21
Lynn, MA 01902
2 Beds
1 Bath
868 Ft²
$291,293
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model
About This Property
Fabulous ocean views from this pristine, sunny, spacious
condominium unit in the Diamond District just over the Swampscott
line. Heat and hot water included in the condo fee as are laundry
facilities and storage in the basement. Generously
proportioned deck off the living room Just steps to beach and
Lynn Shore Drive promenade.
Unit Size
868 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$173
Property Type
Condo
Property Taxes
$192
HOA Dues
$334
Year Built
1900
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Cap Rate Calculator
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Operating Profit Per Year
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 years ago (MLSPIN #71467381)
Price History
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: Second
Width: 10
Length: 13
Features: Flooring - Stone/Ceramic Tile, Breakfast Bar / Nook, Recessed Lighting
Area: 130
Level: Second
Features: Flooring - Wood
Width: 11
Length: 10
Area: 110
Width: 11
Features: Flooring - Wood
Length: 12
Level: Second
Area: 132
Length: 12
Level: Second
Area: 180
Features: Flooring - Wood, Deck - Exterior
Width: 15
Features: Flooring - Wood
Level: Second
Length: 11
Width: 11
Area: 121
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Oil Water Heater, Utility Connections for Electric Range
Flooring Type: Wood
Laundry Features: In Basement, Common Area, In Building
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Has Property Attached
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: 7b Lynn Shore Drive
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R4
Parcel Number: 102552018004, 2001117
Water Source: Public
Financial Details
Tax Assessed Value: $135,800
Tax Annual Amount: $2,299
Utilities Details
Utilities: for Electric Range
Cooling Type: Window Unit(s)
Heating Type: Steam, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $334
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/06/2022
|
2 Bed
|
1 Bath
|
877 ft²
|
$329,990
2 Bed
1 Bath
877 ft²
|
$337,000
+2.12%
06/01/2022
|
Virginia Todd
Leading Edge Real Estate
| |
|
06/24/2020
|
2 Bed
|
1 Bath
|
1049 ft²
|
$339,900
2 Bed
1 Bath
1049 ft²
|
$332,500
-2.18%
08/27/2020
|
Tara Farley
Churchill Properties
| |
|
04/15/2020
|
2 Bed
|
1 Bath
|
877 ft²
|
$279,000
2 Bed
1 Bath
877 ft²
|
$277,000
-0.72%
05/28/2020
|
Virginia Todd
Leading Edge Real Estate
| |
|
10/04/2017
|
2 Bed
|
1 Bath
|
877 ft²
|
$220,000
2 Bed
1 Bath
877 ft²
|
$217,000
-1.36%
11/14/2017
|
Katie DiVirgilio
RE/MAX 360
| |
|
10/15/2015
|
2 Bed
|
1 Bath
|
872 ft²
|
$189,000
2 Bed
1 Bath
872 ft²
|
$189,000
05/13/2016
|
Sylvia Belkin
Conway - Swampscott
| |
|
04/20/2015
|
2 Bed
|
1 Bath
|
877 ft²
|
$189,900
2 Bed
1 Bath
877 ft²
|
$188,000
-1.00%
07/15/2015
|
Stephanie A. Locke
Sagan Harborside Sotheby's International Realty
| |
|
01/01/2013
|
2 Bed
|
1 Bath
|
868 ft²
|
$149,900
2 Bed
1 Bath
868 ft²
|
$146,000
-2.60%
05/31/2013
|
Sylvia Belkin
Conway - Swampscott
| |
|
11/28/2011
|
2 Bed
|
1 Bath
|
1049 ft²
|
$145,000
2 Bed
1 Bath
1049 ft²
|
$153,000
+5.52%
06/08/2012
|
Mary Ann Cash
Compass
| |
|
08/10/2006
|
2 Bed
|
1 Bath
|
1398 ft²
|
$259,000
2 Bed
1 Bath
1398 ft²
|
$237,000
-8.49%
11/16/2006
|
Jody Watts
RE/MAX 360
| |
|
01/12/2006
|
2 Bed
|
1 Bath
|
877 ft²
|
$199,900
2 Bed
1 Bath
877 ft²
|
$197,000
-1.45%
08/08/2006
|
Virginia Carson
Tache Real Estate, Inc.
| |
|
06/26/2003
|
1 Bed
|
1 Bath
|
800 ft²
|
$148,900
1 Bed
1 Bath
800 ft²
|
$130,000
-12.69%
11/30/2004
|
Benjamin Mosho
Ben Mosho Real Estate
| |
|
04/03/1998
|
2 Bed
|
1 Bath
|
842 ft²
|
$85,900
2 Bed
1 Bath
842 ft²
|
$79,200
-7.80%
03/03/1999
|
Philip Vener
Carlson GMAC Real Estate
| |
|
03/20/1998
|
2 Bed
|
1 Bath
|
872 ft²
|
$99,000
2 Bed
1 Bath
872 ft²
|
$95,000
-4.04%
07/02/1998
|
Michael Romanovsky
MGR Global Realty, Inc.
|
Building Info
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