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Lynn 01902
7 Mount Pleasant Place
$310,000
● House - Off Market

7 Mount Pleasant Place

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,374 Ft²
$498,923
RealtyHop Estimate
58.39%
Since Jun 1, 2017
MA-Boston
Primary Model

About This Property

Welcome Home! Perfectly nestled on a quiet side street 25 minutes from Boston, this small starter home boasts enough square footage to accommodate a mid-sized family. Gleaming hardwood floors, updated heating system, rear deck and enough parking to accommodate 6+ vehicles lend tremendous potential to this property. Making this home even more desirable, buyers will appreciate an additional bedroom along with an additional half-bathroom that have been added during current ownership. The foundation has been laid for the right buyer to take this beautiful home to the next level! Route 107 & Route 129A are in close proximity, along with a short commute to Logan Airport. Find peace, quiet and amazing views at Nahant Beach, 4 miles away. Access Boston and beyond via a 10-minute walk to the MBTA Lynn commuter rail line.
Unit Size
1,374 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$229
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1890

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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 #72121401)

Price History

Date / Event Date Event Price
May 2, 2017 Sold
Premium
Sold
Feb 21, 2017 Listed by Engel & Volkers Boston $315,000
Listed by Engel & Volkers Boston
Nov 15, 2001 Sold
Premium
Sold
Dec 1, 2000 Sold
Premium
Sold
Oct 17, 2000 Listed $259,000
Listed
ACTUALLY 2 LOTS, LARGE YARD, PARKING, MANY UPDATES, LARGE BEDROOMS,

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1903
  • Building Count: 1
  • Total Rooms: 7
  • 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: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,110
  • Total Building Area: 1,374
  • Gross Building Area: 2,327
  • Building Area: 1,374
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,374
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000071
  • 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: 206300

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:083 B:714 L:035
  • Block: 714
  • Lot: 35
  • Municipality: LYNN
  • Latitude: 42.4698
  • Longitude: -70.9415

    Address

  • Full Address: 7 Mount Pleasant Pl
  • Address - House Number: 7
  • Address - Street Name: Mount Pleasant
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 2821
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $514,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2545
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 550,523
  • High Value: 690,496
  • Low Value: 410,550

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $488,600
  • Assessed Land Value: $170,600
  • Assessed Improvements Value: $318,000

    Sales

  • Current Sale Recording Date: May 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 179
  • Previous Sale Recording Date: Nov 15, 2001
  • Previous Sale Amount: $110,000
  • 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:

$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# 72121401

Frequently Asked Questions

When was property at 7 Mt Pleasant Place built and last sold?
The property at 7 Mt Pleasant Place was built in 1890 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 7 Mt Pleasant Place is $325,621.
What are some comparable homes to 7 Mt Pleasant Place?
There are currently no comparable homes to 7 Mt Pleasant Place.
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