$95,000
●
Condo -
Off Market
7B Lynn Shore Drive #21
Lynn, MA 01902
2 Beds
1 Bath
872 Ft²
$366,839
RealtyHop Estimate
270.54%
Since Aug 1, 1998
MA-Boston
Primary Model
About This Property
BRIGHT AND SUNNY 2BEDROOM CONDO WITH OCEAN VIEW AND LARGE PORCH
Unit Size
872 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
Condo
Property Taxes
$107
HOA Dues
$198
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 years ago (MLSPIN #30211142)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2013 | Sold | ||
| Sold | |||
| Jan 1, 2013 | Listed by Non Member Office | $149,900 | |
| Listed by Non Member Office | |||
| | |||
|
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.
| |||
| Jul 2, 1998 | Sold | ||
| Sold | |||
| Mar 20, 1998 | Listed | $99,000 | |
| Listed | |||
Property Highlights
Parking Available
Interior Details
Level: Second
Level: Second
Level: Second
Level: Second
Level: Second
Level: Second
Features: No
Full Bathrooms: 1
Appliances: Range, Refrigerator, Utility Connections for Electric Range
Flooring Type: Wood
Laundry Features: In Basement
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, Deeded
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: The 7b Lynn Shore Condominium
Structure Type: Low-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Yes
Lot Size Units: Acres
Zoning: RES
Parcel Number: 2001122
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Map Number: 013
Tax Assessed Value: $65,000
Tax Annual Amount: $1,290
Utilities Details
Utilities: for Electric Range
Cooling Type: None
Heating Type: Steam, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Snow Removal
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $198
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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